Inflection Point Nears for Exploration Raisings -- Market Talk

Dow Jones03-05

0019 GMT - Raisings by metals and minerals explorers remains subdued, but it might not be long before sentiment turns once more, suggests Jefferies. Around $490 million was raised last month, down 27% year-over-year, despite a supportive pricing environment with gold at $2,125/oz and copper at $3.85/lb. "Our analysis indicates that we may not be too far away from an inflection," analyst Nicholas Rawlinson says in a note. Trailing 12-month raisings have been flattening for 11 months, and Rawlinson points out that past cycles suggest that prolonged troughs tend to last 15-25 months. "A prolonged trough is always followed by a material surge in raisings," he says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 04, 2024 19:19 ET (00:19 GMT)

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Trailing 12-month raisings have been flattening for 11 months, and Rawlinson points out that past cycles suggest that prolonged troughs tend to last 15-25 months. \"A prolonged trough is always followed by a material surge in raisings,\" he says. 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Around $490 million was raised last month, down 27%...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IMD.AU","symbol_name":"IMDEX LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417077071","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417077071","pubTimestamp":1709597940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0019 GMT - Raisings by metals and minerals explorers remains subdued, but it might not be long before sentiment turns once more, suggests Jefferies. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IMD.AU":"IMDEX LTD","BK7055":"建筑与工程","IPXX":"Inflection Point Acquisition Corp II","MND.AU":"MONADELPHOUS GROUP LTD","BK7095":"多种金属与采矿","ALQ.AU":"ALS LTD","NWH.AU":"NRW HOLDINGS LTD","PRN.AU":"PERENTI LTD","BK7050":"调查和咨询服务"},"translate_title":"勘探开发拐点临近——市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPXX":1,"ALQ.AU":0.9,"IMD.AU":0.9,"MND.AU":0.9,"NWH.AU":0.9,"PRN.AU":0.9},"content_text":"0019 GMT - Raisings by metals and minerals explorers remains subdued, but it might not be long before sentiment turns once more, suggests Jefferies. Around $490 million was raised last month, down 27% year-over-year, despite a supportive pricing environment with gold at $2,125/oz and copper at $3.85/lb. \"Our analysis indicates that we may not be too far away from an inflection,\" analyst Nicholas Rawlinson says in a note. 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