Shares in Melbourne, Australia headquartered BHP Billiton Ltd rose 3.47%, ending Tuesday's trading session at $37.02. The stock recorded a trading volume of 3.75 million shares, which was above its three months average volume of 3.24 million shares. The Company's shares have gained 6.23% in the previous three months and 3.47% since the start of this year. The stock is trading 1.00% and 18.48% above its 50-day and 200-day moving averages, respectively. Moreover, shares of BHP Billiton, which discovers, acquires, develops, and markets natural resources worldwide, have a Relative Strength Index (RSI) of 53.05.
On December 06th, 2016, BHP Billiton announced that it submitted the winning bid to acquire a 60% participating interest in and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery located in the deep-water Gulf of Mexico offshore Mexico. Subject to satisfaction of conditions, it is anticipated that the relevant agreements would be finalized and signed within 90 days. BHP Billiton's bid for Trion includes an upfront cash payment of US$62.4 million and a commitment to a Minimum Work Program (estimated to be up to a maximum of US$320 million).
On December 07th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Visit us today and download your complete report on BHP for free at:
Turquoise Hill Resources
Vancouver, Canada headquartered Turquoise Hill Resources Ltd's stock climbed 2.79%, closing the day at $3.32 with a total trading volume of 1.53 million shares. The Company's shares have advanced 11.41% in the previous three months and 2.79% on an YTD basis. The stock is trading 1.08% above its 50-day moving average and 7.36% above its 200-day moving average. Additionally, shares of Turquoise Hill Resources, which engages in mining copper, gold, and silver, have an RSI of 53.82.
On December 16th, 2016, Turquoise Hill Resources announced 2017 production and financial guidance. The Company's Oyu Tolgoi copper-gold-silver mine is expected to produce 130,000 to 160,000 tonnes of copper and 100,000 to 140,000 ounces of gold in concentrates for 2017. Operating cash costs for 2017 are expected to be approximately $720 million. Capital expenditures for 2017 on a cash-basis are expected to be approximately $100 million for open-pit operations and $825 million to $925 million for underground development. The complimentary research report on TRQ can be accessed at:
On Tuesday, shares in Frederick, Maryland headquartered US Silica Holdings Inc. recorded a trading volume of 1.59 million shares. The stock ended the day 0.55% higher at $56.99. The Company's shares have advanced 12.37% in the past month, 21.33% over the previous three months, and 0.55% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 14.68% and 50.76%, respectively. Furthermore, shares of US Silica, which produces and sells commercial silica in the US, have an RSI of 66.67.
On November 22nd, 2016, US Silica announced the full exercise of the underwriters' option to purchase 1,350,000 additional shares of its common stock. The option was granted by US Silica to the underwriters in connection with the previously consummated public offering of 9,000,000 shares of common stock. US Silica intends to use the net proceeds from the sale of the additional shares of common stock to fund general corporate purposes including potential acquisitions of complementary businesses or assets.
On December 16th, 2016, research firm Goldman initiated a 'Buy' rating on the Company's stock. Register for free on Stock-Callers.com and download the PDF research report on SLCA at:
Vancouver, Canada headquartered Pretium Resources Inc.'s stock jumped 8.37%, finishing yesterday's session at $8.93. A total volume of 3.35 million shares was traded, which was above their three months average volume of 1.94 million shares. The Company's shares have advanced 1.82% in the last one month and 8.37% on an YTD basis. The stock is trading above its 50-day moving average by 1.85%. Additionally, shares of Pretium Resources, which engages in the acquisition, exploration, and development of precious metal resource properties in the Americas, have an RSI of 57.43. Get free access to your research report on PVG at:
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