Economic Calendar

Tuesday, August 11, 2009

First Quantum, Jaguar Mining, TriStar: Canada Equity Preview

Share this history on :

By Matt Walcoff

Aug. 11 (Bloomberg) -- Shares of the following companies may have unusual moves in Canadian trading. Stock symbols are in parentheses.

The Standard & Poor’s/TSX Composite Index lost 91.66 points, or 0.8 percent, to 10,793.67 yesterday. The measure has risen four straight weeks.

First Quantum Minerals Ltd. (FM CN): The copper- and gold- mining company said it earned $1.30 a share in the second quarter, beating the average analyst estimate by 12 percent. The company also cut its gold-production forecast for 2009 to 220,000 ounces.

Jaguar Mining Inc. (JAG CN): The company that mines gold in Brazil reported profit of 12 cents a share in the second quarter, surpassing the average analyst estimate by 71 percent.

TriStar Oil & Gas Ltd. (TOG CN): The oil company being purchased by Petrobank Energy & Resources Ltd. said it lost 14 cents a share in the second quarter, excluding certain items. The two analysts surveyed by Bloomberg estimated the company would lose 1 cent and 3 cents, respectively.

To contact the reporter on this story: Matt Walcoff in New York at mwalcoff1@bloomberg.net.




No comments: