Wednesday, August 8, 2012

Silver Wheaton Surges 6.50% - SAPX, GEN, AKS, LAMR, SLW

Seven Arts Pictures plc (NASDAQ:SAPX) shares gained 0.86% to $0.0351. On August 6, 2012, the company explained that due to technical issues beyond its control the Seven Arts website is currently down. Seven Arts is pleased to announce that its new website is expected to be live by Monday, August 13, 2012. Seven Arts' new web site has been under development since April 2012 and will include several updated features.

Gte Free Trend Analysis on SAPX

Genon Energy Inc (NYSE:GEN) stock gained 3.43% to $2.41. NRG Energy Inc. plans to acquire rival GenOn in an all-stock deal valued at about $1.7 billion, creating the largest competitive-rate power company in the U.S. The companies have said they expect their combination to bring $300 million a year in savings from lower administrative and financial costs.

Should Investors GEN After today’s Rally?

AK Steel Holding Corporation (NYSE:AKS) stock increased 6.46% to $5.77 after the shares of the company was upgraded by investment analysts at CRT Capital from a “fair value” rating to a “buy” rating in a note issued to investors today.

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Additionally, the company, on August 6, 2012, said that it will increase current spot market base prices for all carbon flat-rolled steel products by $30 per ton, effective immediately with new orders.

Silver Wheaton Corp. (USA) (NYSE:SLW) shares climbed 6.66% to $30.58 in the early hour after the company announced that with the addition of two new precious metal streams, the company is revising its one and five year production guidance. For fiscal 2012, attributable silver equivalent production is forecast to increase from 27 million silver equivalent ounces to 28 million silver equivalent ounces, including 42,000 ounces of gold. For fiscal 2016, annual attributable production is anticipated to increase 90% compared to fiscal 2011 levels, growing to approximately 48 million silver equivalent ounces, including 100,000 ounces of gold.

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Additionally, the company announced that it has agreed to acquire from HudBay Minerals Inc. 100% of the life of mine silver production from its currently producing 777 Mine (777), located in Canada, and 100% of the life of mine silver production from its Constancia Project (Constancia), located in southern Peru.

Lamar Advertising Co (NASDAQ:LAMR) shares climbed 9.56% to $34.51 after the company posted second-quarter net income of $13.9 million or $0.15 per share from $11.4 million or $0.12 per share in the same quarter last year. Net revenues were $304.9 million for the recent quarter, versus $293.3 million for the same quarter of 2011. Analysts expected earnings per share of $0.15 on revenue of $303.95 million for the quarter.

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