Top Stories for Jan. 11, 2024:
1. Analyst Vincent Anderson adjusts Compass Minerals Intl.‘s CMP valuation, downgrading price target to $60 amidst market fluctuations.
2. Commercial Metals Company CMC initiates new $500 million share buyback, signaling confidence in future growth and cash flow.
President and Chief Executive Officer Peter R. Matt underscores capital allocation strategy as a catalyst for sustainable shareholder returns amidst escalating buyback program.
3. Hecla Mining Company HL releases silver and gold production figures for fourth quarter and full year 2023.
Despite operational setbacks, Hecla expects substantial production in 2024, aiming to steer production to 20 million ounces by 2025 – cementing its position in the domestic and Canadian silver market.
President and CEO Phillips S. Baker anticipates operational revival following mine challenges, positioning Hecla as a major force in global silver supply, supporting the energy transition.