NEW YORK, January 15, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Alderon (NYSEMKT: AXX), Alexco (NYSEMKT: AXU), Allied Nevada (NYSEMKT: ANV), Almaden (NYSEMKT: AAU), and American Eagle Energy (NYSEMKT: AMZG). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
AXX Research Report: ( http://get.analystsreview.com/pdf/?c=Alderon&d=15-Jan-2015&s=AXX ),
AXU Research Report: ( http://get.analystsreview.com/pdf/?c=Alexco&d=15-Jan-2015&s=AXU ),
ANV Research Report: ( http://get.analystsreview.com/pdf/?c=Allied%20Nevada&d=15-Jan-2015&s=ANV ),
AAU Research Report: ( http://get.analystsreview.com/pdf/?c=Almaden&d=15-Jan-2015&s=AAU ),
AMZG Research Report: ( http://get.analystsreview.com/pdf/?c=American%20Eagle%20Energy&d=15-Jan-2015&s=AMZG ).
Analyst Update: Appointment, Quarterly Earnings, Public Offering, AGM Updates, and Guidance Reviewed by: Rohit Tuli, CFA®
The U.S. market sell-off showed no signs of easing on Wednesday, extending losses for fourth straight day as investors shunned risky assets and fled to safe havens amid deepening concerns over the global economic growth. The equity markets mirrored continued slump in commodities prices on Wednesday, led by the biggest plunge in Copper since 2011, after the World Bank cut its economic growth forecasts for this year and next. The Dow Jones Industrial Average ended the session 1.06% lower at 17,427.09, the S&P 500 lost 0.58% to close at 2,011.27, and the Nasdaq Composite dropped 0.48% to 4,639.32. Beaten-down commodity prices also weighed upon European markets on Wednesday. In Europe, energy and mining stocks led the decline following the prices of copper and oil. Meanwhile, Asian equities also ended lower as investors stayed on the sidelines amid deepening commodities rout and renewed concerns over world economic growth.
Alderon Iron Ore Corp. (Alderon) announced the appointment of Anthony Glavac as Interim CFO of the Company, effective December 29, 2014. Glavac's appointment came as the Company's CFO Francois Laurin decided to exit Alderon to take an executive position outside the mining sector.
Alexco Resource Corp. (Alexco) reported third quarter 2014 net loss of $0.7 million, compared to a net profit of $2.2 million in the year ago period. Alexco's revenues for the quarter came in at $4.7 million, down from $23.4 million in Q3 2013. The Company also completed a bought deal financing in August 2014, for net cash proceeds of $7.2 million.
Allied Nevada Gold Corp. (Allied Nevada) announced that it raised $21.8 million of gross proceeds via public offering of shares of its common stock and warrants. Allied Nevada issued around 21.8 million shares and nearly 10.9 million warrants.
Almaden Minerals, Ltd. (Almaden) announced that it has deferred shareholder approval of the spin-out of its early stage exploration projects, royalty interests and certain other non-core assets to the Company's 2015 annual general meeting (AGM).
American Eagle Energy Corporation (American Eagle Energy) announced an operations update and provided production guidance for the fourth quarter ending December 31, 2014 and capital spending guidance for 2015. The Company has suspended its 2015 operated drilling budget in response to the declining oil prices and does not anticipate resuming drilling operations until prices improve.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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