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IAG

RBC Capital Markets analyst Wayne Lam has upgraded Iamgold Corporation (NYSE:IAG) to Sector Perform from Underperform, raising the price target to $2.75 from $1.75. The upgrade reflects improved near-term SCF and increased gold price forecasts. The Côté Gold project is expected to transform Iamgold's production profile, providing lower-cost output in Ontario. The analyst anticipates a 30%+ production growth into 2024 at ~15% lower AISC.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 7:05 pm

MRO

Marathon Oil Corp (MRO) shares are trading higher by 3.02% due to OPEC maintaining its growth forecasts and predicting a supply shortfall. This could lead to an increase in oil prices, benefiting Marathon Oil as it can sell its oil at higher rates. A report by Bloomberg anticipates a significant supply deficit in global oil markets, mainly due to Saudi Arabia's extension of production cuts.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 7:01 pm

BCHUSD

Bitcoin Cash (CRYPTO: BCH) has seen a price increase of 10.15% in the last 24 hours, reaching $201.8. This follows a positive trend over the past week, with a 6.0% gain. The coin's trading volume has also risen by 169.0% over the past week, and the circulating supply has increased by 0.08%, bringing it to 19.50 million, which is 92.87% of its max supply of 21.00 million. The current market cap ranking for BCH is #18 at $3.93 billion.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

SAP

SAP's (NYSE:SAP) short percent of float has risen 50.0% since its last report, with 2.45 million shares sold short, which is 0.21% of all regular shares available for trading. It would take traders 2.7 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. SAP's peer group average for short interest as a percentage of float is 3.34%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

ENB

Over the past 3 months, 4 analysts have published their opinion on Enbridge (NYSE:ENB) stock. The analysts have an average price target of $58.75 versus the current price of Enbridge at $34.0094, implying upside. This current average represents a 4.08% decrease from the previous average price target of $61.25.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

OKE

ONEOK's (NYSE:OKE) short percent of float has risen 9.14% since its last report, with 13.12 million shares sold short, which is 3.82% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 3.62%. Short interest can act as an indicator of market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has outperformed the market over the past 20 years by 4.31% on an annualized basis, producing an average annual return of 11.89%. If an investor had bought $100 of PXD stock 20 years ago, it would be worth $965.51 today.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

ADCT

Over the past 3 months, 5 analysts have published their opinion on ADC Therapeutics (NYSE:ADCT) stock. The analysts have an average price target of $8.6 versus the current price of ADC Therapeutics at $0.9628, implying upside. This current average represents a 21.82% decrease from the previous average price target of $11.00.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

COR

Over the past 10 years, Cencora (NYSE:COR) has outperformed the market by 1.13% on an annualized basis, producing an average annual return of 11.2%. If an investor had bought $100 of COR stock 10 years ago, it would be worth $292.08 today. Cencora currently has a market capitalization of $35.76 billion.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

MRVL

Marvell Tech's (NYSE:MRVL) short percent of float has risen 3.91% since its last report, with 19.37 million shares sold short, which is 2.66% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Marvell Tech has less short interest.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm