Boston, MA, 02/26/2014 (usastockreport) – Newmont Mining Corp (NYSE:NEM) gets some relief from Indonesia after the government agreed to ease tax norms, provided the mining companies build their smelters there. Newmont along with other miners were forced to stop exports of copper concentrates from Indonesia after the nation’s government imposed progressive tax and export rules. Post a weak show in the fourth quarter, analyst at J.P. Morgan placed a ‘neutral’ rating on it and asserted that the gold mining company’s future is more dependent on its production and export plan for its Indonesia based BatuHijau mine. However, brushing off the Q4 concerns and Indonesia troubles, analysts at Sterne Agee find Newmont Mining Corp (NYSE:NEM) to be well positioned than ever and placed a ‘Buy’ rating on the stock, hinting at a strong valuation in the forthcoming period.
Cabot Oil & Gas (NYSE:COG) posted robust fourth-quarter and full-year 2013 results, on account of better operating performance in the Marcellus shale. However, the company is surrounded by concern over its inability to take full advantage of the high natural gas prices. Cabot Oil & Gas (NYSE:COG)’s executives mentioned that they were not able to utilize the higher natural gas prices to their business advantage due to dried up supplies resulted from unusually cold weather.
Tenet Healthcare Corp (NYSE:THC) came through yesterday as the S&P 500’s worst performer with losing nearly 9% on the day post its lower guidance and a new $400 million debt. Tenet’s fourth quarter results came above par to the street’s expectation as it beats the EPS target by $0.12 per share to $0.43 and revenue reported at $3.89 billion, $20 million higher than the estimate. The hospital operator, Tenet Healthcare Corp (NYSE:THC) anticipates Q1 revenue in the range of $350M-$400M and FY14 revenue in between $1.8-$1.9 billion, below than the street forecast of $447M and $1.96B. This followed rating downgrade from CRT Capital as they observe the lowered guidance as the indication of further business shrink.