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Stocks Fall, Gold Rallies On Best Day Since 2008: What's Moving Markets Tuesday?
Benzinga· 2026-02-03 18:18
Market Overview - Wall Street extended losses amid renewed geopolitical tensions in the Middle East, impacting major indices [1] - The S&P 500 slipped 0.5% to 6,920, while the Nasdaq 100 fell nearly 1.5% to 25,350 [4] - The Russell 2000 declined by 0.7%, and the Dow Jones Industrial Average eased 0.5% [4] Gold and Precious Metals - SPDR Gold Shares (NYSE:GLD) surged over 6%, surpassing $4,950 per ounce, marking its strongest session since November 2008 [2] - The rebound in gold prices followed a significant sell-off due to concerns over Kevin Warsh's potential appointment as Federal Reserve chair, which could lead to tighter monetary policy [3] - Silver prices rebounded sharply, climbing nearly 9% to $86 after a previous drop of more than 30% [3] Energy Sector - Crude oil prices increased by 1.8% to $63 per barrel following reports of U.S. forces shooting down an Iranian drone near a Navy aircraft carrier [4] - The U.S. government is preparing to issue a general license allowing companies to pump oil in Venezuela, indicating a potential easing of sanctions to revive the country's energy industry [6] Technology Sector - The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) dropped 4.8%, marking a fifth consecutive daily decline [5] - Palantir Technologies Inc. (NASDAQ:PLTR) saw a nearly 8% increase after reporting earnings that exceeded expectations and providing positive guidance [5] - Chevron Corp. (NYSE:CVX) rose over 2% to $177 per share, reaching a two-year high [5] Digital Assets - Bitcoin (CRYPTO: BTC) resumed its decline, falling more than 3% to around $75,000 [6]
Gold Fields (GFI) Upgraded to Strong Buy: Here's Why
ZACKS· 2026-02-03 18:01
Core Viewpoint - Gold Fields (GFI) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which significantly impacts stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is a crucial factor for near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that influence stock prices [4]. Company Performance and Investor Sentiment - The upgrade for Gold Fields indicates an improvement in its underlying business, which is expected to drive the stock price higher as investors respond positively to this trend [5][10]. - Over the past three months, the Zacks Consensus Estimate for Gold Fields has increased by 12.6%, reflecting analysts' growing confidence in the company's earnings potential [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Gold Fields' upgrade places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].
Bunge Ready to Report Q4 Earnings: What's in Store for the Stock?
ZACKS· 2026-02-03 17:56
Core Insights - Bunge Global SA (BG) is set to report its fourth-quarter 2025 results on February 4, with projected sales of $22 billion, reflecting a 62.5% year-over-year growth, while earnings per share (EPS) are expected to decline by 14.6% to $1.82 [1][5]. Financial Performance - The Zacks Consensus Estimate for BG's fourth-quarter sales is $22 billion, indicating a significant increase of 62.5% compared to the same quarter last year [1][5]. - The consensus estimate for earnings is $1.82 per share, which represents a year-over-year decline of 14.6% [1][5]. - Earnings estimates have decreased by 4.2% over the past 60 days [1]. Earnings Surprise History - Bunge has outperformed the consensus estimate in three of the last four quarters, with an average surprise of 11.75% [2][3]. Earnings ESP and Zacks Rank - The Earnings ESP for Bunge is currently -2.85%, and it holds a Zacks Rank of 3 (Hold), indicating that the model does not predict a definitive earnings beat this time [6][7]. Factors Influencing Q4 Performance - The fourth-quarter performance is expected to benefit from the Viterra acquisition, completed in July 2025, which has strengthened Bunge's global agricultural network and expanded its reach across major crops [7]. - The Soybean Processing and Refining segment is anticipated to show higher margins and processed volumes due to increased production capacity in Argentina [9]. - The Softseed Processing and Refining segment is also expected to improve, driven by higher average margins and contributions from Viterra's assets [10]. - In the Grain Merchandising and Milling segment, higher contributions from wheat milling and the sugar business are expected, although softer global wheat and corn merchandising may offset some gains [12]. Corporate Expenses - An increase in corporate expenses is anticipated, primarily due to the Viterra acquisition and performance-based compensation [13]. Stock Performance - Bunge's shares have increased by 51.9% over the past year, significantly outperforming the industry average growth of 2.9% [14].
Top Performing Leveraged/Inverse ETFs: 02/01/2026
Etftrends· 2026-02-03 17:37
Core Insights - The article highlights the top-performing leveraged and inverse ETFs for the week, emphasizing the significant returns driven by market conditions and investor sentiment [1] Group 1: Top Performing Leveraged ETFs - ProShares Ultra Bloomberg Natural Gas (BOIL) led with a 43.71% return due to surging energy prices amid forecasts of a cold snap in the U.S. [1] - GraniteShares 2x Long META Daily ETF (FBL) achieved a 16.81% gain following a strong Q4 revenue report from Meta Platforms, indicating successful AI investments [1] - ProShares Ultra Bloomberg Crude Oil (UCO) recorded an 11.99% increase, influenced by ongoing tensions between the U.S. and Iran [1] Group 2: Top Performing Inverse ETFs - MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) returned 34.48% as gold prices fell sharply after the nomination of a hawkish Fed Chair candidate [1] - Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) gained 28.66%, reflecting the inverse performance of gold miners amid a strong dollar [1] - ProShares UltraShort Ether ETF (ETHD) saw a 17.71% increase as crypto prices dropped due to market uncertainty from a U.S. government shutdown [1]
美股金银矿股大幅回升 受贵金属价格反弹带动
Xin Lang Cai Jing· 2026-02-03 15:23
Core Viewpoint - Precious metal prices have rebounded after three consecutive days of decline, leading to a widespread rally in gold and silver mining stocks [1][2]. Gold Mining Companies - Newmont increased by 4.0% - Barrick Mining rose by 4.3% - Agnico Eagle Mines saw a rise of 3.8% - Franco-Nevada grew by 2.1% - Kinross Gold climbed by 4.4% - New Gold surged by 5.2% [1][2]. Silver Mining Companies - Coeur Mining experienced a 6.0% increase - Endeavour Silver rose by 5.7% - Pan American Silver also increased by 5.7% - Silvercorp Metals saw a rise of 5.0% [1][2]. Spot Prices - Spot gold prices rose by 6.2% at one point - Spot silver prices increased by 12% at one point [3].
Stellar AfricaGold Intersects Multiple Gold-Bearing Zones and Confirms Structural Controls at Tichka Est, Morocco - Drilling Resumed on January 30, 2026
Thenewswire· 2026-02-03 14:50
Core Insights - Stellar AfricaGold Inc. has reported additional assay results and an updated geological interpretation from its diamond drilling program at the Tichka Est Gold Project in Morocco, confirming the presence of a structurally controlled orogenic gold system [1][2] Drilling Results - The ongoing drilling program has confirmed multiple gold-bearing zones, with significant intercepts including TCK_006 reporting 6.0m at 3.81g/t Au, indicating higher-grade mineralization within stacked horizons [7] - The company has recalculated composite gold intersections using a 0.20g/t Au cut-off, which reflects the continuity of mineralization observed [4][9] - Assay results for two completed drill holes are still pending, and drilling resumed on January 30, 2026, after a temporary interruption due to severe winter weather [3][6] Geological Interpretation - Gold mineralization is preferentially localized within fractured diorite sills and adjacent carbonate units affected by secondary shear structures, refining the exploration model [11][15] - The drilling results support a refined structural model, indicating that gold is concentrated in competent host rocks rather than within the main fault zones [17] Next Steps - The company plans to continue drilling to target extensions of known mineralization and additional near-surface targets identified through mapping and trenching [23] - Future drilling will evaluate structural repetitions and stacked mineralized horizons, as well as further explore metal anomalous zones identified in the surrounding area [24] Project Overview - The Tichka Est Gold Project covers an area of 82km² in the High Atlas region of Morocco, with the company able to earn an 85% interest after incurring exploration expenditures totaling US$2.39 million over three years [22] - Early-stage exploration has identified three gold-bearing zones, with significant potential for further discoveries [23]
Medallion Metals secures EPBC approval for Ravensthorpe Gold Project
Yahoo Finance· 2026-02-03 14:04
Medallion Metals has secured approval under the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) for the Ravensthorpe Gold Project development. This represents the final primary environmental consent necessary for its sulphide production strategy, including underground mining at Ravensthorpe and processing at Forrestania. The Ravensthorpe Gold Project is focused on the historic Kundip mining centre, which is situated between the regional centres of Ravensthorpe and Hopetoun. As ...
Dryden Gold Corp. to Present at the Precious Metals & Critical Minerals Virtual Investor Conference February 10th
Globenewswire· 2026-02-03 13:35
Company Overview - Dryden Gold Corp. is an exploration company focused on discovering high-grade gold mineralization in Northwestern Ontario, listed on TSX Venture Exchange (DRY), OTCQB (DRYGF), and FSE (X7W) [4] - The company controls a 100% interest in a strategic land position in the Dryden District, which includes historic gold mines with limited modern exploration [4] - The property features high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwic deformation zone [4] - Dryden Gold has a strong management team and Board of Directors with a proven track record in building shareholder value through property acquisition, exploration success, and mergers and acquisitions [4] Upcoming Events - Maura Kolb, P. Geo., President of Dryden Gold, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10th, 2026 [1] - The conference will be held at 10:30 am ET/8:30 am PT, and investors can register for 1x1 meetings on February 10th and 17th [2] - An archived webcast will be available for those unable to attend the live event [2] Event Details - The Virtual Investor Conferences (VIC) series provides an interactive platform for publicly traded companies to present directly to investors [6] - VIC aims to enhance investor engagement by offering companies efficient access to investors, scheduling targeted one-on-one meetings, and utilizing dynamic video content [7]
Cabral Gold Inc. to Present at the Precious Metals & Critical Minerals Virtual Investor Conference February 10, 2026
Globenewswire· 2026-02-03 13:35
Company Overview - Cabral Gold is a junior gold exploration and development company with a market cap of C$200 million, focused on the Cuiu Cuiu gold project in Brazil [3] - The Cuiu Cuiu district is located adjacent to GMining's Tocantinzinho gold mine, which is the third largest gold mine in Brazil, valued at $500 million [3] Project Development - Cabral plans to develop the Cuiu Cuiu district in two stages, with Stage 1 currently under construction and fully funded, expected to produce 25,000 ounces per year at an all-in cash cost of US$1,210 per ounce starting in Q4 2026 [3] - The Pre-Feasibility Study released in July 2025 indicated an after-tax Internal Rate of Return (IRR) of 78% and a Net Present Value (NPV5) of $74 million at a base case gold price of $2,500 per ounce [3] Resource Estimates - As of September 2022, the Cuiu Cuiu project has indicated resources of 12.29 million tonnes at 1.14 g/t gold (450,200 ounces) in primary material and 13.56 million tonnes at 0.50 g/t gold (216,182 ounces) in oxide material [4] - Inferred resources total 13.63 million tonnes at 1.04 g/t gold (455,100 ounces) in primary material and 6.40 million tonnes at 0.34 g/t gold (70,569 ounces) in oxide material [4] - The company has made significant discoveries since 2022 and plans to update resource estimates in 2026 [4] Exploration Activities - Cabral currently operates three exploration drill rigs and aims to generate significant news flow over the next 12 months by targeting over 50 exploration targets identified outside of the current resource base [5] - The management team has a successful track record, having been responsible for five grassroots gold discoveries in Brazil, three of which are now operational mines [5] - The CEO has personally invested $2 million in the company to date, indicating strong confidence in the project [5] Upcoming Events - Dr. Alan Carter, Founder, President & CEO of Cabral Gold, will present at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10, 2026, at 10:30 AM ET [1] - The event will allow real-time interaction with investors, and an archived webcast will be available for those unable to attend live [2]
Osisko Development Completes US$143.8 Million "Bought Deal" Public Offering of Common Shares Including Full Exercise of Over-Allotment Option
Globenewswire· 2026-02-03 13:25
Core Viewpoint - Osisko Development Corp. has successfully completed a prospectus offering of common shares, raising approximately US$143.75 million to fund drilling and exploration activities at its Cariboo Gold Project, which is seen as a pivotal moment for the company in 2026 [1][2]. Group 1: Offering Details - The company issued a total of 40,607,650 common shares at a price of US$3.54 per share, resulting in gross proceeds of US$143,751,081, including the full exercise of the underwriters' over-allotment option [1]. - The offering was conducted on a "bought deal" basis with underwriters including National Bank Capital Markets, RBC Capital Markets, and Cantor as co-lead underwriters [1]. - A cash commission of 4.5% of the aggregate gross proceeds was paid to the underwriters in connection with the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for infill conversion drilling and at-depth exploration at the Cariboo Gold Project, as well as for general working capital purposes [3]. - The company aims to accelerate infill conversion drilling to upgrade existing mineral resources to mineral reserves, potentially enhancing annual gold production [2]. Group 3: Insider Participation - Double Zero Capital LP, an insider of the company, purchased 8,080,000 common shares for gross proceeds of US$28,603,200, exercising its pre-emptive rights under an investor rights agreement [5]. - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Group 4: Regulatory and Compliance - The offering is subject to final approval from the TSX Venture Exchange [6]. - The offering was completed in Canada and the United States through respective prospectus supplements filed with the appropriate regulatory authorities [4]. Group 5: Company Overview - Osisko Development Corp. is focused on developing its flagship Cariboo Gold Project in British Columbia, aiming to become an intermediate gold producer [8]. - The company also has a project pipeline that includes the Tintic Project in Utah, which has significant exploration potential [8].