6. General Steel Holdings ( GSI) operates through a portfolio of Chinese steel companies serving various industries and engages in the manufacture of a multiplicity of steel products. The company has interests in four steel-related subsidiaries. The company is scheduled to release its fourth quarter and full-year 2010 results on Mar. 16, before the market opens. Sales for fourth-quarter 2010 are expected at $471.76 million, compared to $460.3 million recorded in the previous quarter and $451.9 million in the year ago-quarter, based on consensus estimates of analysts polled by Reuters. Earnings per share are seen at 13 cents for the quarter as opposed to a loss of 26 cents in the same quarter a year ago. Of the two analysts covering the stock, 50% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Data from Bloomberg has analysts predicting average 12-month price target of $4.0, about 63.3% higher than the stock's recent price.
Shares of Northgate Minerals Corporation (AMEX:NXG) were gapping up Monday morning with an open price 37.5% higher than Friday's closing price. The stock closed at $3.15 yesterday and opened today's trading at $4.33.
Northgate Minerals Corporation (AMEX:NXG) is trading at unusually high volume Thursday with 7.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 11 cents (+3.8%).
Gold prices are falling Monday as investors brace for the outcome of the U.S. midterm elections, the outcome of the upcoming Federal Reserve meeting this week and the dollar receives a boost better-than-expected economic data is released.