Arch Coal, Inc. (ACI), Canadian National Railway (CNI), Corning Inc. (GLW), Tractor Supply Co. (TSCO) and Harry Winston Diamond (HWD) had ratings and price targets on them adjusted by analysts.
Johnson Rice downgraded Arch Coal, Inc. (ACI) from an "Overweight" rating to an "Equal Weight" rating.
Raymond James (NYSE: RJF) initiated coverage on Canadian National Railway (CNI). They placed a "Market Perform" rating on the company.
JPMorgan Chase (NYSE: JPM) upgraded Corning Inc. (GLW) from an "Underweight" rating to a "Neutral" rating.
Stephens initiated coverage on Tractor Supply Co. (TSCO). They placed an "Overweight" rating on the company.
Desjardins upgraded Harry Winston Diamond (HWD) from a "Hold" rating to a "Buy" rating.
Showing posts with label Harry Winston. Show all posts
Showing posts with label Harry Winston. Show all posts
Friday, June 22, 2012
Wednesday, April 11, 2012
Newfield (NFX) (HWD) (PAAS) (DO) (CHK) (HUSA) (EE) Ratings, Price Targets
Newfield Exploration Co. (NFX), Harry Winston Diamond (HWD), Pan American Silver (PAAS), Diamond Offshore Drilling, Inc. (DO), Chesapeake Energy (CHK), Houston American Energy (HUSA) and El Paso Electric (EE) had ratings and price targets on them adjusted by analysts.
Desjardins upgraded Harry Winston Diamond (HWD) from a "Sell" rating to a "Hold" rating.
Pritchard downgraded Newfield Exploration Co. (NFX) from a "Buy" rating to a "Neutral" rating.
TheStreet downgraded Pan American Silver (PAAS) to a "Hold" rating.
Williams Capital initiated coverage on Diamond Offshore Drilling, Inc. (DO). They placed a "Hold" rating and price target of $72.00 on the company.
Capital One upgraded Chesapeake Energy (CHK) to a "Neutral" rating.
MLV & Co downgraded Houston American Energy (HUSA) from a "Buy" rating to a "Hold" rating.
Jefferies Group upgraded El Paso Electric (EE) from a "Hold" rating to a "Buy" rating.
Desjardins upgraded Harry Winston Diamond (HWD) from a "Sell" rating to a "Hold" rating.
Pritchard downgraded Newfield Exploration Co. (NFX) from a "Buy" rating to a "Neutral" rating.
TheStreet downgraded Pan American Silver (PAAS) to a "Hold" rating.
Williams Capital initiated coverage on Diamond Offshore Drilling, Inc. (DO). They placed a "Hold" rating and price target of $72.00 on the company.
Capital One upgraded Chesapeake Energy (CHK) to a "Neutral" rating.
MLV & Co downgraded Houston American Energy (HUSA) from a "Buy" rating to a "Hold" rating.
Jefferies Group upgraded El Paso Electric (EE) from a "Hold" rating to a "Buy" rating.
Thursday, September 2, 2010
Harry Winston (NYSE:HWD) Upgraded by Scotia Capital after Strong Quarter
Scotia Capital upgraded diamond producer Harry Winston (NYSE:HWD) from "Sector Perform" to "Sector Outperform," after the company blasted through analysts' expectations for the last quarter.
The question is whether they can continue that performance going forward, and that's going to be a big challenge for the company.
The broader diamond market has rebounded, to help Harry to their decent numbers, and they also bought back the stake held by Kinross Gold (NYSE:KGC), which brought their stake in the Diavik mine back to 40 percent, with the remainder held by Rio Tinto (NYSE:RTP).
Compared to their major competitors, they aren't near as efficient with operational costs, and retail isn't nearly as strong as it could be.
Those would have to be improved to make Harry Winston more convincing over the long term.
The question is whether they can continue that performance going forward, and that's going to be a big challenge for the company.
The broader diamond market has rebounded, to help Harry to their decent numbers, and they also bought back the stake held by Kinross Gold (NYSE:KGC), which brought their stake in the Diavik mine back to 40 percent, with the remainder held by Rio Tinto (NYSE:RTP).
Compared to their major competitors, they aren't near as efficient with operational costs, and retail isn't nearly as strong as it could be.
Those would have to be improved to make Harry Winston more convincing over the long term.
Harry Winston (NYSE:HWD) Beats Earnings Expectations
Harry Winston Diamond Corporation (NYSE:HWD) handily beat earnings expectations for the second quarter, generating earnings per share of $0.22, against analysts' expectations of $0.04 a share.
Revenue in the quarter came to $153.7 million, up from $94.8 million in the same quarter last year, an increase of 62 percent. Profits ended at $16.5 million, in comparison to losing $24.5 million, or 32 cents a share, in 2009's second quarter.
Both its diamond retail and mining segments enjoyed stronger results, producing the improved numbers.
Significantly helping the company was currency exchange gains, which increased to $3.3 million, up from the loss of $25.3 million in foreign exchange in the same period of 2009.
Retail diamond sales rose to $66.9 million, a gain of 37 percent, while rough diamond sales ended the quarter at $86.8 million, an increase of 89 percent.
Early in August Harry Winston bought back the 9 percent stake Kinross Gold (NYSE:KGC) for $220 million, bringing its stake in the Diavik diamond mine back to 40 percent.
Revenue in the quarter came to $153.7 million, up from $94.8 million in the same quarter last year, an increase of 62 percent. Profits ended at $16.5 million, in comparison to losing $24.5 million, or 32 cents a share, in 2009's second quarter.
Both its diamond retail and mining segments enjoyed stronger results, producing the improved numbers.
Significantly helping the company was currency exchange gains, which increased to $3.3 million, up from the loss of $25.3 million in foreign exchange in the same period of 2009.
Retail diamond sales rose to $66.9 million, a gain of 37 percent, while rough diamond sales ended the quarter at $86.8 million, an increase of 89 percent.
Early in August Harry Winston bought back the 9 percent stake Kinross Gold (NYSE:KGC) for $220 million, bringing its stake in the Diavik diamond mine back to 40 percent.
Thursday, August 26, 2010
Kinross (NYSE:KGC) Completes Sale of Harry Winston (NYSE:HWD) Stake
Kinross (NYSE:KGC) its Diavik diamond mine joint-venture stake back to Harry Winston (NYSE:HWD) for $220 million, returning Winston's stake in the venture to 40 percent.
To shore up its balance sheet at the height of the recession, Harry Winston sold the 9 percent indirect interest to Kinross.
Diavik is the largest diamond mine in Canada, producing over 50 million carats of rough diamonds since beginning operations seven years ago.
The diamond miner paid $50 million in cash, 7.1 million in common shares, and a note in the amount of $70 million.
At around 3:00 PM EDT, Kinross was at $16.01, gaining $0.38, or 2.43 percent. Harry Winston rose to $10.28, gaining $0.49, or 5.01 percent, both in New York.
To shore up its balance sheet at the height of the recession, Harry Winston sold the 9 percent indirect interest to Kinross.
Diavik is the largest diamond mine in Canada, producing over 50 million carats of rough diamonds since beginning operations seven years ago.
The diamond miner paid $50 million in cash, 7.1 million in common shares, and a note in the amount of $70 million.
At around 3:00 PM EDT, Kinross was at $16.01, gaining $0.38, or 2.43 percent. Harry Winston rose to $10.28, gaining $0.49, or 5.01 percent, both in New York.
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