Category: Investor’s Corner

Wall Street turned a cold shoulder to Pan American Silver (PAAS) this morning, as a flurry of price-target cuts and a downgrade hit the shares. RBC lowered its price target to $43 from $46, while rating the stock an “outperform.” Cormark cut the stock to C$38 from C$39, while CIBC lowered its forecast to $48 from $54. UBS trimmed its price target to $49 from $50. Meanwhile, TD Newcrest downgraded the shares from “buy” to “hold,” and dropped its price target to $41 from $45.

Southern Copper (SCCO.N) Chief Executive Oscar Gonzalez said on Thursday he expects to have a recommendation from an independent committee evaluating a proposal to merge with U.S. copper miner Asarco by mid year.

All indications are that by 2020 auto companies will be manufacturing more EVs and hybrid electric vehicles than gas powered cars. Certainly that is the case for China, India and Europe. America will trail this world-changing development, but will eventually be brought into the lithium economy kicking and screaming.

TORONTO, Canada: Ubika Research has released a profile report on Quaterra Resources Inc (AMEX: QMM | PowerRating) (TSX VENTURE: QTA | PowerRating) (CVE: QTA) under its weekly series called “Junior Resource Stock of the Week” that identifies high potential junior resource companies.

Goldgroup Mining (TSX:GGA, OTC: GGAZF) certainly stands out from the pack of Mexican focused mining juniors due to its all-star shareholder register, management track record and recent transactions that have confirmed it is a company going places – fast.

MAG Silver (AMEX:MVG) ranks first with a gain of 3.33%; Silvercorp Metals (AMEX:SVM) ranks second with a gain of 0.6%; and Endeavour Silver (AMEX:EXK) ranks third with a gain of 0.6%.

Hecla Mining Company (“Hecla”) (NYSE:HL) will release its 2010 fourth quarter results after market close on Wednesday, February 16, 2011.

Slim announced he will be investing another 10 billion pesos in his mining company, Frisco.

Canadian stocks advanced, heading for a seventh-straight monthly gain, as energy producers rallied after Exxon Mobil Corp.’s profit and Canada’s gross domestic product growth beat forecasts.

(RTTNews) – ECU Silver Mining Inc. (ECU.TO: News ) said it reached an agreement with its lender, IIG Capital LLC, to amend the terms and conditions of its debt facility. The current agreement, which was executed on November 1, 2009, is scheduled to mature on October 31, 2011. The facility would be extended by an additional twenty six months and the new maturity of the facility would be December 31, 2013.