Shares of Dollar General (DG) are up this afternoon by 21 cents, or 1%, at $22.61 after three new initiations of coverage on the Street were largely positive following the company’s Dec. 10 fiscal Q3 revenue beat.
New York Times (NYT) shares are up 79 cents, or 7%, at $11.82, after Wells Fargo raised its rating on the stock to “Outperform” from “Market Perform.”
Gold Fields (GFI) is up 27 cents, or 2%, at $13.41 after Goldman Sachs initiated the South African miner’s stock at “Buy” while raising Harmony Gold (HMY) to “Buy” from “Neutral.” Harmony shares rose 21 cents, or 2%, to $10.04.
Fertilizer producers Mosaic (MOS) and Potash (POT) are holding up well despite reports that China will be buying potash contracts for $350 per metric ton. Expectations called for $325 to $400 per ton. Dahlman Rose and Broadpoint Amtech both lowered estimates for the companies on the lower price. Nevertheless, POT is up 54 cents, half a percent, at $111.48, and Mosaic is up $1.63, or 3%, at $60.28.
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