Top Stories for Jan. 12, 2024:
1. Royal Gold, Inc. RGLD is poised to take center stage at the 27th Annual CIBC Western Institutional Investor Conference. President and Chief Executive Officer, Bill Heissenbuttel, is gearing up to share insights during a riveting royalty panel discussion on Wednesday, Jan. 17.
2. Kaiser Aluminum Corporation KALU has caught investors’ attention with the declaration of a substantial quarterly cash dividend of 77 cents per share.
This generous dividend is slated for payment on Feb. 15, 2024, to stockholders as of the close of Jan. 25, 2024.
Moreover, JPMorgan analyst Bill Peterson sustained a neutral rating on Kaiser Aluminum but adjusted his price target down from $64 to $62.
3. Bragar Eagel & Squire, P.C., dive into probing the activities of the coal mining company Ramaco Resources, Inc. METC for any infringements of federal securities laws and other illicit conduct.
The company’s stock experienced a significant surge post a Wall Street Journal report hinting at the potential of its Brook Mine, housing rare earth elements to the tune of $37 billion. However, a report by Wolfpack Research cast aspersions on these claims, insinuating that profitability in mining is improbable and could lead to substantial losses.
The report also shed light on insider stock sales amounting to $96.3 million since November, sparking concerns about Ramaco’s adherence to ethical business practices and protection of stockholder rights.
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