During Tuesday’s Morning trade, Shares of Halliburton Company (NYSE:HAL), lost -0.24% to $44.01, as Crude-oil futures were seeing choppy trade Tuesday with strength in the dollar and weak manufacturing data for June weighing on sentiment in the oil market.
Because oil is priced in dollars, fluctuations in the dollar can influence the price of crude.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment provides production enhancement services, counting stimulation services and sand control services; and cementing services that comprise bonding the well and well casing, and casing equipment.
Shares of Newmont Mining Corporation (NYSE:NEM), inclined 1.34% to $24.27, during its current trading session.
Newmont Mining Corp. had its 2015 earnings estimates lowered to $1.42 from $1.52 per share at Credit Suisse, with 2016 earnings estimates lowered to $1.18 per share from $1.21.
The firm reiterated coverage with a price target of $30 and an “outperform” rating.
Newmont Mining declared the acquisition of Cripple Creek & Victor on June 9 for $820 million which could add $254 million to NAV (Net Asset Value).
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
Finally, Great Panther Silver Ltd (NYSEMKT:GPL), gained 3.63%, and is now trading at $0.43.
Great Panther Silver Limited, declared that it has obtained a US$10,000,000 credit facility from Auramet International LLC (“Auramet”). Great Panther has had a commercial relationship with Auramet for several years.
“Great Panther has a strong balance sheet with no debt and about $35 million (Canadian dollars) of net working capital. The Auramet facility provides the Company with greater financial flexibility and, in particular, more options with regard to the pricing and the timing of the pricing of our concentrate sales.” stated Robert Archer , President & CEO.
The facility has a term of one year and interest on borrowings under the facility is payable at the rate of three month Libor plus 5%. The Company has not drawn on the facility at this time.
Great Panther Silver Limited, a silver mining and exploration company, engages in the mining of mineral properties in Mexico. The company explores for silver, gold, lead, and zinc. It primarily owns a 100% interest in the Topia Mine comprising of 53 contiguous concessions covering about 6,258 hectors in Durango State; and a 100% interest in the Guanajuato silver-gold mine covering 1,107 hectares situated in the Guanajuato Mining District. The company also owns interest in the San Ignacio project, which lies within La Luz mining camp of the Guanajuato Mining District.
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