Latest news with #Citigroup
News.com.au
11 hours ago
- Business
- News.com.au
Silver prices are soaring and these ASX juniors are along for the ride
Silver saw a considerable price bump in July and while not as high as its pal gold, the jump could be beneficial for a bunch of silver juniors on the ASX. Silver rose to nearly $39/oz, that's a 30% jump and the highest since September 2011 – with investors flocking to safe-haven assets thanks to escalating US trade tensions. US President Donald Trump has announced 30% tariffs on most imports from the European Union and Mexico, with the latter being the largest producer of silver and a key supplier to the American market. The silver surge has also been driven by industrial demand from solar energy, electronics and green technologies, with the metal primarily used in photovoltaic (PV) solar cells as a key material for the electrical contacts that allow the flow of electricity generated by the solar panel. Analysts at Citigroup flagged that prices for the precious metal could hit $43/oz in the next 6-12 months. West Coast Silver (ASX:WCE) executive chairman Bruce Garlick said there was no reason why silver couldn't hit +$40/oz in the next 6-12 months. 'With a combined industrial demand and continued gold:silver ratio of about 90 the only logical result is that prices will rise,' he said. The company holds the Elizabeth Hill project in WA and is just one of several juniors on the ASX keeping a close eye on the silver price, confident the future is bright for mining the precious metal. The project previously produced 1.2Moz of silver from just 16,000t of ore grading 2194g/t Ag in 2000 before it closed due to a low silver price of US$5 an ounce. But recent drilling by WCE has returned bonanza grades of up 21m at 1047g/t Ag from 10m and 15m at 723g/t from 1m. 'We have a high-grade silver project in one of the best jurisdictions in the world and the project is located on a mining lease which will allow rapid movement to development and production should we chose to accelerate this pathway,' Garlick said. The recent assays were only two of 12, with the company confident of even more solid hits to come. Plus, in parallel, WCE is aiming to expand exploration both near mine and beyond into the broader 180sqkm land holding. 'We want to add value with the drill bit,' Garlick said. 'We know we have high grade silver and we want to find more and then move swiftly to development and cash generation. 'We have a mining lease and nearby processing plants which will be assessed in the near term for use.' These silver juniors could be a shoo-in Before we dive into the juniors, it's worth noting there's only one silver producer right now, and that's Adriatic Metals (ASX:ADT), which declared commercial production from its Vares operation in Bosnia and Herzegovina on July 1. Broken Hill Mines (ASX:BHM) could be the next producer, having recently acquired the Rasp mine and Pinnacles project in Broken Hill where it expects more than 50% of its revenue to come from silver. Then there's Boab Metals (ASX:BML) who're acquiring Sandfire Resources' (ASX:SFR) DeGrussa plant for use at the Sorby Hills lead-silver project in Western Australia. When you consider silver is expected to reach a market deficit of around 117.6Moz in 2025, that leaves plenty of slices of the silver pie up for grabs if any juniors can get into production. Last month, Maronan Metals (ASX:MMA) released a resource update at its namesake lead-silver project in Queensland to 33.1 Mt at 6.0% lead, 108 g/t silver. That includes an indicated (higher confidence) silver-lead resource of 5.3 Mt at 5.2% lead, and 116 g/t silver. Red Metal (ASX:RDM) also has exposure here, owning 44% equity in the company. Argent Minerals (ASX:ARD) is gearing up for drilling its 63.7Mt at 69.75 g/t silver equivalent for 142.8Moz Kempfield project in NSW, The plan is to assess early production opportunities and lay the groundwork for full-scale development. The testwork will evaluate multiple processing pathways, including heap leach and carbon-in-leach (CIL)/flotation options, with the findings expected to form the basis of a scoping study. Taruga Minerals (ASX:TAR) has reported up to 103g/t silver in recent rock chip sampling at its polymetallic Thowagee project in WA. The Thowagee tenement is especially interesting, as it features two historic polymetallic mining operations, with the Thowagee mine previously producing 15.2 tonnes of lead and 5878 grams of silver. An expanded soils and rock chip sampling program is planned, aimed at uncovering more anomalous mineralisation trends adjacent to historical workings, and expanding the strike of the known workings trend. Australian Critical Minerals (ASX:ACM) recently entered into a binding share purchase agreement to acquire Circuit Resources which owns or has the option to acquire the concessions associated with the Blanca, Riqueza, Flint, Cerro Rayas, Liro and Kamika projects in Peru. These are primarily focused on gold and copper with silver, base metals and lithium. Riqueza, is most notable, being adjacent to tenements held by Anglo American, and home to historic silver grades from rock chips of up to 2238g/t. Drilling permitting is planned for the second half of 2025. Silver Mines (ASX:SVL) has taken a major step forward to aid the redetermination of the Development Application for its Bowdens project near Mudgee in NSW, while also pursuing growth opportunities across its expanding portfolio. The company has now provided all information requested by the NSW Department of Planning, Housing and Infrastructure (DPHI) to assist with the redetermination. Antipa Minerals (ASX:AZY) also has a dash of silver, 666,000oz to be exact, at its Minyari Dome project in WA. Who else has silver exposure? Firetail Resources (ASX:FTL) also has some silver up its sleeve, with results of up to 6630g/t returned from mapping and sampling at its new Excelsior Springs gold project in Nevada, USA. The company recently entered into an option to acquire 80% of the project, and while gold is the main focus, there's a secondary silver opportunity around the Blue Dick mine. Sierra Nevada Gold (ASX:SNX) reported more than 3400g/t silver in rock chip sampling at its Blackhawk project in Nevada back in March, highlighting some serious multi-element potential. Standout results included 3460g/t silver, 1.47% copper and 0.38% antimony, 256g/t silver, 4.52% copper and 0.83g/t gold, and 10g/t silver and 0.33% copper. White Cliff Minerals (ASX:WCN) also has some silver at its Rae (predominately copper) project in Canada, with drilling last quarter intersecting up to 34.1g/t silver. Then there's Lithium Universe (ASX:LU7) who are taking a different approach to the precious metal with its recently acquired solar panel recycling technology. The plan is to recover silver during the recycling process. While the tech is currently in the patent submission stage, the licence will be made available to LU7 once it is ready. At Stockhead, we tell it like it is. While West Coast Silver, Maronan Metals, Argent Minerals, Taruga Minerals, Australian Critical Minerals, Antipa Minerals, Firetail Resources, Sierra Nevada Gold, White Cliff Minerals and Lithium Universe
Yahoo
16 hours ago
- Business
- Yahoo
Is Citigroup (C) Still a Smart Dividend Stock to Buy in August?
Citigroup Inc. (NYSE:C) is included among the 10 Best Dividend Stocks to Buy in August. A customer using the personal financial management tool to navigate their finances. Citigroup Inc. (NYSE:C) primarily focuses on traditional banking services for both individuals and businesses, offering standard products like checking accounts, mortgages, and business loans. While these services are common and highly competitive— facing rivals from both local institutions and large players like Bank of America— Citigroup stands out due to its extensive scale. Unlike smaller banks, it operates across the US and internationally, giving it a broader reach and stronger presence in global markets. Citigroup Inc. (NYSE:C) recently announced its earnings for the second quarter of 2025. The company posted revenue of $21.7 billion, which showed an 8% growth from the same period last year. It reported an 18% increase in banking revenues, highlighting its involvement in several major transactions. Wealth management revenues rose by 20%, with all three business lines showing strong performance. In US Personal Banking, the company experienced solid growth in its Branded Cards segment, while Retail Banking saw gains driven by higher deposit spreads. Citigroup Inc. (NYSE:C) also remained committed to its shareholder obligation, returning $3.1 billion to investors through dividends and share repurchases. It is among the best dividend stocks on our list as the company has paid uninterrupted dividends to shareholders for the past 34 years. On July 15, the bank declared a 7% hike in its quarterly dividend to $0.60 per share. The stock has a dividend yield of 2.51%, as of July 28. While we acknowledge the potential of C as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 hours ago
- Business
- Yahoo
What Makes Citigroup (C) an Attractive Stock?
Hotchkis & Wiley, an investment management company, released its 'Hotchkis & Wiley Large Cap Disciplined Value Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 rose 10.9% in Q2 2025, despite recent volatility. After the "liberation day' tariff announcement on April 2, the index plunged over 12% in four days. The market rebounded from this low, nearly +25% over the next ~11 weeks, to finish the quarter at an all-time high. In this environment, the fund performed in line with the Russell 1000 Value Index and returned 3.37% vs. 3.79% for the index. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second-quarter 2025 investor letter, Hotchkis & Wiley Large Cap Disciplined Value Fund highlighted stocks such as Citigroup Inc. (NYSE:C). Citigroup Inc. (NYSE:C) is a diversified financial services holding company. The one-month return of Citigroup Inc. (NYSE:C) was 9.43%, and its shares gained 46.33% of their value over the last 52 weeks. On July 29, 2025, Citigroup Inc. (NYSE:C) stock closed at $94.48 per share, with a market capitalization of $173.928 billion. Hotchkis & Wiley Large Cap Disciplined Value Fund stated the following regarding Citigroup Inc. (NYSE:C) in its second quarter 2025 investor letter: "Citigroup Inc. (NYSE:C) is one of the largest US banks by total assets. Investment in its IT, compliance and risk capabilities have pressured margins and returns over recent years, obscuring the banks strong core franchise. With these investments now largely complete we expect Citi's expense to decline and its margins and returns to be more consistent with peers. Citigroup performed well in the quarter on improved profitability and positive operating leverage. We think that C is very undervalued on our normal expectations and would still be attractive even if they do not fully achieve their goals." A view of a busy banking hall, customers engaging with banking staff to conduct their financial transactions. Citigroup Inc. (NYSE:C) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 96 hedge fund portfolios held Citigroup Inc. (NYSE:C) at the end of the first quarter, which was 101 in the previous quarter. While we acknowledge the potential of Citigroup Inc. (NYSE:C) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Citigroup Inc. (NYSE:C) and shared the list of most undervalued blue-chip stocks to buy according to hedge funds. Citigroup Inc. (NYSE:C) was the top contributor to Oakmark Fund's performance during Q2 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
19 hours ago
- Business
- Zawya
Citigroup names Arnould Fremy head of UK, EMEA transportation, memo shows
Citigroup has appointed Arnould Fremy as head of UK, Europe and Middle East & Africa transportation, according to an internal memo seen by Reuters on Wednesday. Fremy, who will be based in London, joins from UBS, where he was global head of transportation. In his new role, Fremy will work alongside Vassilios Maroulis and Nick Slater to strengthen European sector coverage, according to the memo. He will also partner with Neeraj Vasudev, Citi's head of transportation and logistics, and John Grier, vice chair of industrials, to drive global coverage and content. The appointment follows Citi's recent hiring of two senior executives from JPMorgan to bolster its leadership team and expand its financing business. (Reporting by Aatrayee Chatterjee in Bengaluru and Andres Gonzalez in London; Editing by Shailesh Kuber)
Reuters
19 hours ago
- Business
- Reuters
Citigroup names Arnould Fremy head of UK, EMEA transportation, memo shows
July 30 (Reuters) - Citigroup (C.N), opens new tab has appointed Arnould Fremy as head of UK, Europe and Middle East & Africa transportation, according to an internal memo seen by Reuters on Wednesday. Fremy, who will be based in London, joins from UBS (UBSG.S), opens new tab, where he was global head of transportation. In his new role, Fremy will work alongside Vassilios Maroulis and Nick Slater to strengthen European sector coverage, according to the memo. He will also partner with Neeraj Vasudev, Citi's head of transportation and logistics, and John Grier, vice chair of industrials, to drive global coverage and content. The appointment follows Citi's recent hiring of two senior executives from JPMorgan (JPM.N), opens new tab to bolster its leadership team and expand its financing business.
