Lakeway, TX -- (SBWIRE) -- 03/05/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Key Energy Services, Inc. (NYSE:KEG) shares decreased 4.29% to $8.04. Dahlman Rose maintained KEG with a Hold and raised the price target from $8.00 to $10.00 on Feb. 19.
Additionally, the company, on Feb. 14, reported fourth quarter 2012 consolidated revenues of $466.5 million, generating income from continuing operations of $13.5 million, or $0.09 per share. Third quarter 2012 consolidated revenues were $490.9 million with income from continuing operations of $22.1 million, or $0.15 per share.
How Should Investors Trade KEG After The Recent Movement? Find Out Here
Alumina Limited (ADR) (NYSE:AWC) shares declined 4.19% to $4.57. The company, on Feb. 15, announced that it has issued 146,411,771 fully paid ordinary shares at an issue price of AUD 1.235 per share. The funds are to be used for the general corporate purposes of the Alumina group, including the repayment of bank debt. The company is an Australia-based company. The Company is the holding company of WMC Group.
Is AWC Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Pan American Silver Corp. (USA) (NASDAQ:PAAS) shares fell 4.19% to $15.56. Esperanza Resources Corp last week announced that it has entered into a binding letter agreement with Pan American Silver Corp (Pan American) whereby: Esperanza will acquire a portfolio of advanced stage gold projects including the La Bolsa project in Mexico, the Pico Machay project in Peru, the Calcatreu project in Argentina and related exploration properties from Pan American for consideration of 50,900,000 common shares and 10,000,000 warrants of Esperanza (the Acquisition); Pan American will subscribe for 20,600,000 Common Shares of Esperanza ata price of $1.70 per Common Share.
Is PAAS a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
GrafTech International Ltd (NYSE:GTI) shares fell 4.16% and closed at $6.68. Zacks upgraded shares of GTI from an underperform rating to a neutral rating in a research note issued to investors last week. The firm currently has $8.70 target price on the stock.
Additionally, the company released its earnings data on February 26. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $371.00 million for the quarter, compared to the consensus estimate of $317.10 million.
How Should Investors Trade GTI After The Latest Earnings Report? Find Out Here
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