Articles by: Courtney Ely

Alcoa Terminates Rockland Smelter Power Contract For $237.5 Mln Lump Sum

Alcoa Terminates Rockland Smelter Power Contract For $237.5 Mln Lump Sum

October 17, 2017 at 5:41 pm 0 comments

Alcoa (AA) shares were higher 2% in recent pre-market trade after the industrial product manufacturer terminated a contract with power provider Luminant Generation for its Rockdale operations in Texas. The smelter at Rockdale has been fully curtailed since the end of 2008. Alcoa said that while it sold surplus electricity since the smelter’s curtailment, the cost of power under theRead More

Steel Partners to Acquire Remaining Shares of Handy & Harman

Steel Partners to Acquire Remaining Shares of Handy & Harman

October 16, 2017 at 7:01 pm 0 comments

Steel Partners Holdings (SPLP), a diversified global holding company, said Thursday it has “successfully” completed its exchange offer to acquire the remaining shares of Handy & Harman (HNH), a diversified global industrial company, it does not own. The offer expired at 12:00 midnight, New York City time, at the end of Oct. 11. As of the expiration, 2.4 million sharesRead More

RBC Raises Constellation Brands Target to $226 from $220 on Strong Q2

RBC Raises Constellation Brands Target to $226 from $220 on Strong Q2

October 11, 2017 at 12:36 am 0 comments

RBC has raised its price target on Constellation Brands Inc. (STZ) to $226 from $220 after the alcoholic beverage company reported strong Q2 resuls. The firm maintained its outperform rating on the stock. In a note to clients, RBC cited three main sources for upside from current levels: share gains in the U.S. beer category; renewed focus on volume growthRead More

Royal Gold Fiscal Q1 Gold Equivalent Ounces Slips Sequentially

Royal Gold Fiscal Q1 Gold Equivalent Ounces Slips Sequentially

October 11, 2017 at 12:33 am 0 comments

Royal Gold (RGLD) said late Thursday that its wholly owned subsidiary, RGLD Gold AG, sold about 61,000 gold equivalent ounces in the fiscal Q1 of 2018, down from 62,000 ounces sold in the prior quarter. The Q1 figures include roughly 48,000 gold ounces, 537,000 silver ounces and 1,170 tonnes of copper. The average realized gold, silver, and copper prices perRead More

Dollar Tree Reports Higher Than Projected Fiscal Q2 Results

Dollar Tree Reports Higher Than Projected Fiscal Q2 Results

August 24, 2017 at 2:56 pm 0 comments

Dollar Tree jumped in premarket trading on Thursday after the operator of discount variety stores reported higher-than-expected profit and sales for its fiscal Q2 and boosted its FY17 outlook. Shares gained as much as 8.8%. EPS increased 36.1% to $0.98 in the period ended July 29. That beat the $0.87 average estimate of analysts surveyed by Capital IQ. Fiscal Q2Read More

AstraZeneca Collaborates With Ethris

AstraZeneca Collaborates With Ethris

August 21, 2017 at 4:01 pm 0 comments

AstraZeneca and its biologics research and development arm MedImmune have entered into a five-year strategic research collaboration with Ethris, a German developer of mRNA-based drugs with a focus on pulmonary disease. The collaboration will target the development of RNA therapies for respiratory diseases using Ethris’ proprietary SNIM RNA technology, Ethris said in a statement. Under the agreement, AstraZeneca will payRead More

Ares Management Makes Investment in DuPage Medical Group

Ares Management Makes Investment in DuPage Medical Group

August 16, 2017 at 2:27 pm 0 comments

Physician Group DuPage Medical Group said Wednesday it has entered a strategic partnership under which funds managed by the private equity group of Ares Management LP (ARES) have invested $1.45 billion. DuPage said the investment by Ares will enable continued support for growth initiatives across the entire organization, including the company’s practice management company, DMG Practice Management Solutions, and DuPageRead More