When investors think about mining and mining states, Wyoming may not necessarily be the first state one thinks of. However, just consider the following statistics or facts about the Wyoming mining sector from the Wyoming Mining Association:
Bentonite. Wyoming is the nations leader in bentonite production with nearly 5million tons of bentonite produced each year in three major economic geologic areas in the state. The statehas 70% of the worlds known supply of bentonite. Wyoming bentonite has unique characteristics that are rarely found anywhere else as it can swell up to 16 times its original size and absorbs up to 10 times its own weight in water. Coal. Wyoming, the nations leading coal producer since 1986, provides about 40% of Americas coal through the top 10 producing mines with Wyoming coalbeing sub-bituminous, which makes it an attractive choice for power plants. Major coal areas include the Powder River Basin and the Green River Basin. Wyomings 19 coal mines employed a total of 6,500 workers in 2014 for a 54% increase over the past 10 years. Rare Earths. Northeast Wyoming is home to one of the highest grade rare earths deposits in North America, currently under development. Trona. Wyoming has the worlds largest deposit of trona (a sodium carbonate compound that is processed into soda ash or bicarbonate of soda, or baking soda), supplying about 90% of the nations soda ash. This mineral is Wyomings top export and is shipped to markets around the globe. The U.S. Geological Survey in 1997 estimated the total reserve of trona to be 127 billion tons, but only 40 billion tons are recoverable. At the current rate of operation, Wyomings reserves of trona will last 2,350 years. Uranium. Wyoming is Americas leader in uranium production with an estimated 2.9million pounds produced in 2014. Wyomings known reserves are estimated at about 106 million pounds at $30 per pound and 350 million pounds at $50 per pound. About one pound of uranium can produce the same amount of power as 20,000 pounds of coal.
Mining along with tourism would be the main economic drivers for Wyoming which has long ranked as having one of the most “business friendly” tax climates of all 50 states.
Top Stocks To Buy For 2018: Cellcom Israel Ltd.(CEL)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Natural Health Trends Corp (NASDAQ: NHTC) fell 7.8 percent to $19.80 in pre-market trading after rising 1.46 percent on Friday.
Endocyte, Inc. (NASDAQ: ECYT) shares fell 6.6 percent to $11.41 in pre-market trading after climbing 4.18 percent on Friday.
Quorum Health Corporation (NYSE: QHC) shares fell 6.2 percent to $5.15 in pre-market trading after tumbling 11.45 percent on Friday.
Arcadia Biosciences, Inc. (NASDAQ: RKDA) fell 6.1 percent to $7.31 in pre-market trading after declining 3.35 percent on Friday.
Boston Scientific Corporation (NYSE: BSX) fell 5.6 percent to $28.30 in pre-market trading.
Evofem Biosciences, Inc. (NASDAQ: EVFM) fell 5.3 percent to $6.06 in pre-market trading after gaining 2.73 percent on Friday.
Xerox Corporation (NYSE: XRX) shares fell 5.2 percent to $28.60 in pre-market trading. Xerox terminated its transaction agreement with Fujifilm and entered into a new agreement with Carl Icahn and Darwin Deason. JP Morgan downgraded Xerox from Overweight to Neutral.
Cellcom Israel Ltd. (NYSE: CEL) fell 5.2 percent to $7.02 in pre-market trading. Cellcom is expected to release Q1 results on May 30, 2018.
Perrigo Company plc (NYSE: PRGO) fell 4.5 percent to $74 in pre-market trading.
Nabriva Therapeutics plc (NASDAQ: NBRV) shares fell 4 percent to $4.66 in pre-market trading
- [By Lisa Levin]
Thursday afternoon, the health care shares rose 1.79 percent. Meanwhile, top gainers in the sector included Partner Communications Company Ltd. (NASDAQ: PTNR), up 8 percent, and Cellcom Israel Ltd. (NYSE: CEL) up 7 percent.
Top Stocks To Buy For 2018: Pinnacle West Capital Corporation(PNW)
- [By Logan Wallace]
Bank of America upgraded shares of Pinnacle West Capital (NYSE:PNW) from an underperform rating to a neutral rating in a research note issued to investors on Friday morning, Marketbeat.com reports. Bank of America currently has $81.00 target price on the utilities provider’s stock. The analysts noted that the move was a valuation call.
- [By Jon C. Ogg]
Pinnacle West Capital Corp. (NYSE: PNW) was raised to Outperform from Neutral and the price target was raised to $87 from $85 at Credit Suisse.
Salesforce.com Inc. (NYSE: CRM) was reiterated as Outperform and the price target was raised to $140 from $125 at JMP Securities.
- [By Stephan Byrd]
Atria Investments LLC cut its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 49.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,651 shares of the utilities provider’s stock after selling 4,560 shares during the period. Atria Investments LLC’s holdings in Pinnacle West Capital were worth $371,000 as of its most recent filing with the SEC.
Top Stocks To Buy For 2018: TheStreet, Inc.(TST)
- [By Shane Hupp]
WARNING: “TheStreet, Inc. (TST) Given $2.83 Consensus Target Price by Analysts” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3375008/thestreet-inc-tst-given-2-83-consensus-target-price-by-analysts.html.
- [By ]
TheStreet (TST) caught up with PayPal (PYPL) CEO Dan Schulman on the latest Jolt podcast to chat about a range of topics. Of course a talk about the future of physical cash came up.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on TheStreet (TST)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Stocks To Buy For 2018: Geo Group Inc (GEO)
- [By Max Byerly]
Geodrill (TSE:GEO) – Investment analysts at Clarus Securities dropped their FY2018 earnings per share estimates for Geodrill in a research report issued to clients and investors on Monday, May 7th. Clarus Securities analyst N. Sangmuah now forecasts that the company will earn $0.18 per share for the year, down from their prior forecast of $0.26.
- [By Ethan Ryder]
GeoCoin (GEO) is a token. It was first traded on August 18th, 2013. GeoCoin’s total supply is 4,000,000 tokens and its circulating supply is 3,170,551 tokens. GeoCoin’s official Twitter account is @geo_coin. GeoCoin’s official website is geocoin.cash.
- [By Shane Hupp]
GeoCoin (GEO) is a token. It launched on August 18th, 2013. GeoCoin’s total supply is 4,000,000 tokens and its circulating supply is 3,170,551 tokens. GeoCoin’s official Twitter account is @geo_coin. The official website for GeoCoin is geocoin.cash.
Top Stocks To Buy For 2018: MISONIX Inc.(MSON)
- [By Ethan Ryder]
MISONIX (NASDAQ:MSON) posted its earnings results on Monday. The medical equipment provider reported $0.23 earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $12.44 million during the quarter. MISONIX had a negative net margin of 28.12% and a negative return on equity of 11.13%.