Stock Review for Metals & Minerals Investors -- SRC Energy, Peabody Energy, Rio Tinto, and Pretium Resources
NEW YORK, Dec. 8, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on SRCI, BTU, RIO, and PVG which is a click away at www.wallstequities.com/registration. Research reports have been initiated by WallStEquities.com on SRC Energy Inc. (NYSE AMER: SRCI), Peabody Energy Corp. (NYSE: BTU), Rio Tinto PLC (NYSE: RIO), and Pretium Resources Inc. (NYSE: PVG). These companies belong to the Industrial Metals and Minerals space, which lies at the heart of the global Construction and Manufacturing industries. For this reason alone, it is always going to be a cyclical industry, with prospects tied to economic growth. Sign up today for free and learn why our members refer to our research coverage as the 'best out there':
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SRC Energy
On Thursday, shares in Colorado-based SRC Energy Inc. recorded a trading volume of 2.40 million shares. The stock ended the day at $8.37, rising 3.21% from the last trading session. The Company's shares have advanced 11.90% in the previous three months. The stock is trading above its 200-day moving average by 4.90%. Furthermore, shares of SRC Energy have a Relative Strength Index (RSI) of 44.46.
On November 13th, 2017, research firm Imperial Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $11 a share to $13 a share.
On November 29th, 2017, SRC Energy announced the closing of its previously announced offering of $550 million aggregate principal amount of 6.250% senior unsecured notes due December 2025. The Company intends to use the net proceeds from the offering to finance a portion of its previously announced acquisition of an aggregate of approximately 30,200 net acres in Weld County, Colorado to pay related fees and expenses, to redeem or repurchase its existing 9% senior notes due 2021, and for general corporate purposes. Signing up now gives you access to the free research coverage on SRCI at:
www.wallstequities.com/registration/?symbol=SRCI
Peabody Energy
Missouri headquartered Peabody Energy Corp.'s stock climbed 1.34%, finishing yesterday's session at $33.99 with a total trading volume of 945,507 shares. The Company's shares have gained 7.43% in the last month, 16.05% over the previous three months, and 9.65% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 10.06% and 22.57%, respectively. Additionally, shares of Peabody Energy, which engages in coal mining business, have an RSI of 70.70.
On November 14th, 2017, research firm Jefferies initiated a 'Buy' rating on the Company's stock, with a target price of $38 per share.
On November 27th, 2017, Peabody Energy announced that it has completed the sale of the majority of the Company's inactive Burton Mine and related infrastructure to the Lenton Joint Venture for approximately US$11 million, subject to certain customary post-closing adjustments. In addition to receipt of cash proceeds from the sale, the transaction reduces the Company's asset retirement obligation by approximately US$41 million. Get access to our top-rated research, including the free report on BTU at:
www.wallstequities.com/registration/?symbol=BTU
Rio Tinto
Shares in UK headquartered Rio Tinto PLC ended the session 0.82% lower at $47.06. The stock recorded a trading volume of 2.68 million shares, which was above its three months average volume of 2.31 million shares. The Company's shares have gained 22.36% on an YTD basis. The stock is trading 6.37% above its 200-day moving average. Moreover, shares of Rio Tinto have an RSI of 40.34.
On November 13th, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On November 14th, 2017, Rio Tinto announced that it is investing an extra C$3.5 million over the next three years to help Quebec students from low-income communities the tools and life skills graduate from high school. Since its creation in 2008, the Rio Tinto Aluminium Canada Fund has invested over C$10 million annually in major projects and initiatives. Click here to subscribe for a free membership which welcomes you with our report on RIO at:
www.wallstequities.com/registration/?symbol=RIO
Pretium Resources
On Thursday, Canada headquartered Pretium Resources Inc.'s stock dropped 2.22%, finishing at $10.13. A total volume of 1.53 million shares was traded. The Company's shares have gained 14.33% over the previous three months and 22.94% on an YTD basis. The stock is trading 3.28% above its 200-day moving average. Additionally, shares of Pretium Resources have an RSI of 39.49.
On November 10th, 2017, Pretium Resources announced the appointment of David Prins as Vice President, Operations. Previous to this appointment, Mr. Prins was serving as the Project Director for the Company' Brucejack Mine. Prior to joining the Company, he worked with Placer Dome directly and indirectly for a period of over 16 years, which included a ten-year period at the Zaldivar Mine in Northern Chile. Get access to our top-rated research, including the free report on PVG at:
www.wallstequities.com/registration/?symbol=PVG
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