Streetbeat News

Assets

Dakota Gold Corp. (NYSE:DC) has reported positive drilling results from eight drill holes at the Richmond Hill Gold Project in South Dakota, indicating an expansion of gold mineralization. The results show potential below historical drilling at the Turnaround Breccia Pipe and shallow oxide material east of the historical open pit mine at the Richmond Hill Breccia Pipe.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:06 am

SHEL

Shell has agreed to sell its Nigerian onshore subsidiary, SPDC, to a consortium called Renaissance for $1.3 billion, with up to $1.1 billion in additional payments. The deal is subject to approval by the Nigerian government and other conditions. The additional payments are mainly related to prior receivables and cash balances, with most due at the transaction's completion.

Portfolio Pulse from Charles Gross

January 16, 2024 | 10:12 am

ETH-USD

Sales of Donald Trump's 'Trump Digital Trading Cards' NFTs surged 81% following Vivek Ramaswamy's withdrawal from the 2024 presidential race and endorsement of Trump. The sales increase was reported by OpenSea, with 67 units sold and a 92% rise in trading volume reaching 10.63 ETH. Trump's second NFT collection also saw a 28% sales increase and a 141% jump in trading volume. Additionally, an Ethereum wallet linked to Trump reportedly transferred 1,075 ETH to Coinbase, speculated to be NFT sales proceeds. Ethereum (ETH) is trading at $2,517, up 0.75%.

Portfolio Pulse from Mehab Qureshi

January 16, 2024 | 10:01 am

ETHUSD

FTTUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a 1600% increase in its token burn rate, with 88 million tokens sent to a dead wallet in one day. The surge is attributed to three anonymous wallets transferring 83 million SHIB. Concurrently, an Ethereum whale purchased 237.869 billion SHIB, FTX tokens (CRYPTO: FTT), and Ethereum (CRYPTO: ETH), contributing to a collective acquisition of 5.807 trillion SHIB by five addresses. Meanwhile, Shiba Inu's daily transaction count has significantly decreased from 7 million in December 2023 to under 2 million in January 2024.

Portfolio Pulse from Mehab Qureshi

January 16, 2024 | 7:17 am

CLW

Clearwater Paper Corporation's Idaho plant is undergoing a temporary shutdown due to extreme weather conditions. This unexpected halt in production could potentially affect the company's output and financial performance in the short term. Investors should monitor the situation for updates on the duration of the shutdown and its impact on the company's operations.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:42 am

EWA

Australia's Building Approvals for the month showed a 1.6% increase, which is in line with the estimated 1.6% and a decrease from the previous 7.2%.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:26 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

SPY

TSLA

Tesla, Inc. (TSLA) is the least-owned stock among institutional investors within the 'Magnificent Seven,' with only 54% of its float held by institutions. Fund manager Gary Black lists key man risk, headline risk, high P/E ratio, capital reinvestment risk, and underperformance as reasons. Despite this, retail interest in Tesla is rising, with the stock seeing the biggest dollar inflow from individual investors in 2023, trailing only SPDR S&P 500 ETF (SPY). Tesla's stock has declined by 5.07% in the second half of the year and an additional 12% in January.

Portfolio Pulse from Shanthi Rexaline

January 16, 2024 | 6:13 am

AGI

Alamos Gold Inc. (NYSE:AGI) has announced the acquisition of Orford Mining Corporation, including the Qiqavik Gold Project in Quebec, Canada. Alamos will issue approximately 900,000 shares for a total consideration of C$16 million. Orford shareholders will receive 0.005588 of an Alamos share for each Orford share. The acquisition adds to Alamos' portfolio of exploration projects in Quebec and is in line with its strategy to build a pipeline of high-quality, long-term projects in top mining jurisdictions.

Portfolio Pulse from Benzinga Newsdesk

January 15, 2024 | 11:21 pm

TALO

Talos Energy Inc. (NYSE:TALO) has announced an agreement to acquire QuarterNorth Energy Inc. for $1.29 billion in a cash and stock deal. The acquisition will add high-quality deepwater assets to Talos's portfolio and is expected to be immediately accretive to shareholders. The deal includes 24.8 million shares of Talos stock and $965 million in cash, with closure anticipated by the end of Q1 2024, pending regulatory approvals.

Portfolio Pulse from Charles Gross

January 15, 2024 | 10:54 pm

RIO

Rio Tinto (RIO) reported a 3% increase in total copper equivalent production in Q4 2023, driven by the Gudai-Darri mine reaching capacity and increased ownership in Oyu Tolgoi. Iron ore production rose 2%, and aluminium production increased 9% with the Kitimat smelter at full capacity. The company formed the Matalco JV, acquired a 50% stake for $0.7 billion, and completed the acquisition of PanAmerican Silver's stake in Agua de la Falda. Challenges included a 16% drop in refined copper production and a 7% decrease in TiO2 production. Rio Tinto settled an SEC suit for $28 million and sold the Lake MacLeod operation for $251 million.

Portfolio Pulse from Charles Gross

January 15, 2024 | 9:41 pm