NEW YORK, April 24, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Helix Energy Solutions Group Inc. (NYSE: HLX), Harmony Gold Mining Co. Ltd. (NYSE: HMY), LRR Energy L.P. (NYSE: LRE), Rentech Inc. (NASDAQ: RTK), and Paramount Gold & Silver Corp. (NYSEMKT: PZG). 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.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
HLX Research Report: ( http://get.analystsreview.com/pdf/?c=Helix%20Energy&d=24-Apr-2015&s=HLX ),
HMY Research Report: ( http://get.analystsreview.com/pdf/?c=Harmony%20Gold&d=24-Apr-2015&s=HMY ),
LRE Research Report: ( http://get.analystsreview.com/pdf/?c=LRR%20Energy&d=24-Apr-2015&s=LRE ),
RTK Research Report: ( http://get.analystsreview.com/pdf/?c=Rentech%20Inc.&d=24-Apr-2015&s=RTK ),
PZG Research Report: ( http://get.analystsreview.com/pdf/?c=Paramount%20Gold%20and%20Silver%20Corp.&d=24-Apr-205&s=PZG ).
Analyst Update: Financial Results, Production Guidance, Acquisitions, Resignations,
Reviewed by: Rohit Tuli, CFA®
U.S. stocks continued to surge to record highs on Thursday as the Nasdaq Composite closed at its highest level ever, supported by better than expected corporate earnings. The Nasdaq Composite gained 0.41%, or 20.89 points to close at an all-time record high of 5056.06. The S&P 500 advanced 0.24%, or 4.97 points to 2112.93, and the Dow Jones Industrial Average closed the session at 18,058.69, up 0.11% or 20.42 points. European stocks mostly closed lower on Thursday as investors remained vigil on Greece's debt turmoil and cash crunch situation. Germany's DAX 30 and France's CAC 40 dropped 1.21% and 0.62%, respectively, while London's FTSE 100 gained modestly by 0.3% on Thursday. Meanwhile, Asian stock markets mostly advanced on Thursday as the Shanghai Composite and Japan's Nikkei both closed higher.
On April 21, 2015, the shares of Helix Energy Solutions Group Inc were up 5.47% and closed the day at $16.59. A day earlier the Company had reported its first quarter results. Helix reported a net income of $19.6 million or $0.19 per diluted share for Q1 2015 versus a net income of $53.7 million or $0.51 per diluted share for Q1 2014.
Harmony Gold Mining Company Ltd. came out with its production guidance for Q3 FY 2015 on April 21, 2015. The Company announced that it continues to restructure its operations for long term profitability. According to Harmony, the restructuring at its Kusasalethu mine has been completed and it is expected that the full cost saving will be realised in the June quarter.
On April 21, 2015, the shares of LRR Energy ended in the green having gained 5.30% to end the day at $8.35. On the previous day, the Company had announced that it has entered into a Purchase Agreement and Plan of Merger with Vanguard Natural Resources, LLC pursuant to which a subsidiary of Vanguard will merge into LRR Energy, L.P. and, at the same time, Vanguard will acquire LRE GP, LLC, the general partner of LRR Energy, L.P. for a total consideration of $251 million in Vanguard common units and the assumption of LRE's net debt of $288 million.
In a report dated April 16, 2015, by Bloomberg, Rentech Inc., announced that it will be holding its Q1 2015 conference call on May 11, 2015. During the call Rentech's senior management will review the Company's financial result for the quarter. On April 13, 2015, Rentech announced that Patrick J. Moore has resigned from the Company's Board of Directors.
On April 17, 2015, Bloomberg reported that Paramount Gold and Silver Corp. had closed the merger transaction with Coeur Mining Inc. According to the report, the proposals related to the merger agreement were approved by the stakeholders of both, Paramount and Coeur.
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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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