On Wednesday, Following Stocks were among the “Top 50 Gainers” of U.S. Stock Market: Mechel OAO (ADR) (NYSE:MTL), Quiksilver, Inc (NYSE:ZQK), First Majestic Silver Corp (NYSE:AG), ENSCO PLC (NYSE:ESV)
Mechel OAO (ADR) (NYSE:MTL), with shares inclined 22.33%, closed at $1.26.
Quiksilver, Inc (NYSE:ZQK), with shares jumped 18.82%, settled at $2.02.
First Majestic Silver Corp (NYSE:AG), with shares climbed 6.48%, and closed at $5.42.
ENSCO PLC (NYSE:ESV), surged 6.48%, and closed at $21.70.
Latest NEWS regarding these Stocks are depicted underneath:
Mechel OAO (NYSE:MTL)
At the start of the month of March, Mechel OAO (MTL), one of the leading Russian mining and metals companies, reported receiving notice from the New York Stock Exchange (NYSE) that Mechel OAO’s American Depositary Receipts (ADRs) are compliant with the listing’s standards requiring that an ADR’s average closing price over 30 successive trading days must not be lower than 1 US dollar.
Mechel OAO, together with its auxiliaries, is engaged in mining and steel businesses in the Russian Federation, other CIS countries, Europe, Asia, the Middle East, and internationally. The corporation operates through four segments: Mining, Steel, Ferroalloys, and Power.
Quiksilver Inc. (NYSE:ZQK)
On Tuesday, Quiksilver Inc. (ZQK), declared financial results for the fiscal 2015 first quarter ended January 31, 2015.
The following comparisons refer to results of ongoing operations for the first quarter of fiscal 2015 as compared to the first quarter of fiscal 2014.
- Net proceeds, as stated, were $341 million contrast with $395 million. Net proceeds were down 4%, or $14 million, on a constant currency ongoing category basis.
- Americas net proceeds, as stated, were $148 million contrast with $175 million. Americas net proceeds were down 8%, or $13 million, on constant currency ongoing category basis.
- EMEA net proceeds, as stated, were $126 million contrast with $149 million. EMEA net proceeds were down 3%, or $3 million, on constant currency ongoing category basis.
- APAC net proceeds, as stated, were $67 million contrast with $70 million. APAC net proceeds were up 4%, or $2 million, on constant currency ongoing category basis.
- Gross margin reduced to 49.7% from 50.8%. The 110 basis point decline in gross margin reflects higher discounting, the unfavorable influence of currency exchange rates, and higher freight and distribution costs related to the West coast ports labor dispute, partially offset by the favorable influence of higher sales mix in direct to consumer channels.
- SG&A expense reduced $33 million to $171 million from $204 million. The decrease was primarily driven by currency exchange rates, reduced employee compensation, rent, distribution and legal expenses.
- Pro-forma Adjusted EBITDA was $10 million contrast with $16 million.
- Net loss from ongoing operations attributable to Quiksilver, Inc. was $18 million, or $0.11 per share, contrast with $22 million, or $0.13 per share.
- Cash and availability on credit facilities at the end of the quarter was $141 million.
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The corporation provides its products for various activities, counting casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities. It offers its products primarily under the Quiksilver, DC, and Roxy brands through a range of distribution channels, counting wholesale accounts, such as surf shops, skate shops, snow shops, sporting goods stores, discount centers, specialty stores, online retailers, and select department stores; 935 owned or licensed corporation retail stores; and e-commerce Websites.
First Majestic Silver Corp. (NYSE:AG)
Formerly on March 11, First Majestic Silver Corp. (AG), declared that its board of directors has approved the extension of its share repurchase program following a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange (“TSX”) or alternative Canadian market places over the next 12 months. Following the Share Repurchase, the Corporation proposes to repurchase up to 5,879,732 ordinary shares of the Corporation which represents 5% of the 117,594,640 issued and outstanding shares of the Corporation as of March 6, 2015.
In order to implement the Share Repurchase, First Majestic has received TSX approval of its notice of intention to make a normal course issuer bid. The notice provides that First Majestic may, during the 12 month period commencing on March 13, 2015 and ending on or before March 12, 2016 , purchase up to 5,879,732 ordinary shares through the facilities of the TSX and alternative Canadian marketplaces.
The Corporation repurchased a total of 140,000 shares for cancellation under its preceding normal course issuer bid which commenced on March 13, 2014 and expires on March 12, 2015 , at a volume weighted average price of $7.53 per ordinary share. All repurchases were made by means of open-market transactions through the facilities of the TSX.
First Majestic will make no purchases of ordinary shares other than open-market purchases. The price that the Corporation will pay for any ordinary shares will be the prevailing market price of such shares at the time of attainment. All ordinary shares purchased following the Share Repurchase will be cancelled.
First Majestic is renewing the Share Repurchase because it believes that its ordinary shares have been trading in a price range which does not adequately reflect the value of such securities in relation to the Corporation’s business and its future prospects. Accordingly, the purchase of First Majestic’s ordinary shares will raise the proportionate interest of, and be advantageous to, all remaining shareholders of First Majestic.
First Majestic Silver Corp. attains, develops, and explores mineral properties with a focus on silver projects in México. The corporation owns and operates five producing mines, counting the La Encantada silver mine in Coahuila State, the La Parrilla silver mine in Durango State, the San Martin silver mine in Jalisco State, the La Guitarra silver mine in México State, and the Del Toro silver mine in Zacatecas State; and two advanced-stage development silver projects, such as the La Luz silver project in San Luis Potosi State and the Plomosas silver project in Sinaloa State.
Ensco plc (NYSE:ESV)
Formerly on March 10, Ensco plc (ESV), declared that its formerly declared cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5) expired at 5:00 p.m. New York City time that day. At the expiration time, holders had validly tendered and not validly withdrawn in the tender offer $853,050,000 aggregate principal amount of the notes, representing about 85.3% of the outstanding aggregate principal amount of the notes, not including notes tendered through the guaranteed delivery procedures.
Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. served as the Dealer Managers for the tender offer. Global Bondholder Services Corporation served as the Depositary and Information Agent for the tender offer.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The corporation operates through three segments: Floaters, Jackups, and Other. The corporation owns and operates offshore drilling rig fleet of 70 rigs, counting 10 drillships, 13 semisubmersible rigs, 5 moored semisubmersible rigs, and 42 jackup rigs located in North and South America, the Middle East and Africa, the Asia Pacific rim, Europe and the Mediterranean, and Brazil. It also offers administration services on rigs owned by third-parties.
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