logo
Peru allows miners to seek permits in area removed from Nazca Lines protection

Peru allows miners to seek permits in area removed from Nazca Lines protection

Washington Post03-06-2025

BOGOTA, Colombia — Peru announced Tuesday that miners who had been operating illegally in a large protected archaeological reserve around the famous Nazca Lines will now be able to start the process of obtaining mining permits, after the government reduced the protected area by 42%.
Energy and Mines Minister Jorge Montero said those working in the area must now legalize their mining activities since the zone is no longer designated as archaeological heritage.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amerigo Resources (ARREF) Declines More Than Market: Some Information for Investors
Amerigo Resources (ARREF) Declines More Than Market: Some Information for Investors

Yahoo

time22 minutes ago

  • Yahoo

Amerigo Resources (ARREF) Declines More Than Market: Some Information for Investors

Amerigo Resources (ARREF) closed at $1.34 in the latest trading session, marking a -2.9% move from the prior day. This change lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw an upswing of 0.08%, while the tech-heavy Nasdaq depreciated by 0.51%. The copper and molybdenum mining company's stock has climbed by 8.41% in the past month, exceeding the Basic Materials sector's gain of 2.25% and the S&P 500's gain of 0.45%. The upcoming earnings release of Amerigo Resources will be of great interest to investors. The company is expected to report EPS of $0.05, down 16.67% from the prior-year quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.21 per share and a revenue of $0 million, signifying shifts of +75% and 0%, respectively, from the last year. Investors should also note any recent changes to analyst estimates for Amerigo Resources. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Amerigo Resources currently has a Zacks Rank of #3 (Hold). From a valuation perspective, Amerigo Resources is currently exchanging hands at a Forward P/E ratio of 6.57. This valuation marks a discount compared to its industry average Forward P/E of 23.38. We can also see that ARREF currently has a PEG ratio of 0.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Mining - Non Ferrous industry held an average PEG ratio of 0.89. The Mining - Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amerigo Resources Ltd. (ARREF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

The total return for Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) investors has risen faster than earnings growth over the last five years
The total return for Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) investors has risen faster than earnings growth over the last five years

Yahoo

timean hour ago

  • Yahoo

The total return for Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) investors has risen faster than earnings growth over the last five years

It might be of some concern to shareholders to see the Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) share price down 14% in the last month. But that scarcely detracts from the really solid long term returns generated by the company over five years. We think most investors would be happy with the 156% return, over that period. So while it's never fun to see a share price fall, it's important to look at a longer time horizon. The more important question is whether the stock is too cheap or too expensive today. Since the long term performance has been good but there's been a recent pullback of 3.7%, let's check if the fundamentals match the share price. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During five years of share price growth, Loma Negra Compañía Industrial Argentina Sociedad Anónima achieved compound earnings per share (EPS) growth of 93% per year. The EPS growth is more impressive than the yearly share price gain of 21% over the same period. Therefore, it seems the market has become relatively pessimistic about the company. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). We know that Loma Negra Compañía Industrial Argentina Sociedad Anónima has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Loma Negra Compañía Industrial Argentina Sociedad Anónima's TSR for the last 5 years was 280%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. It's good to see that Loma Negra Compañía Industrial Argentina Sociedad Anónima has rewarded shareholders with a total shareholder return of 63% in the last twelve months. That's including the dividend. That's better than the annualised return of 31% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Is Loma Negra Compañía Industrial Argentina Sociedad Anónima cheap compared to other companies? These 3 valuation measures might help you decide. We will like Loma Negra Compañía Industrial Argentina Sociedad Anónima better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Ur‑Energy (URG) Gains Amid Bullish Outlook on Uranium
Ur‑Energy (URG) Gains Amid Bullish Outlook on Uranium

Yahoo

time3 hours ago

  • Yahoo

Ur‑Energy (URG) Gains Amid Bullish Outlook on Uranium

The share price of Ur‑Energy Inc. (NYSEAMERICAN:URG) surged by 17.71% between June 11 and June 18, 2025, putting it among the Energy Stocks that Gained the Most This Week. Aerial view of the vast landscape of Great Divide Basin, Wyoming. Ur‑Energy Inc. (NYSEAMERICAN:URG) is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. Ur‑Energy Inc. (NYSEAMERICAN:URG) received a massive boost following a more than 7% surge in the global price of uranium over the last week. The surge comes as a result of an announcement by the Sprott Physical Uranium Trust that it would acquire around $200 million worth of the nuclear fuel in its physical form, twice the amount it initially signaled in its agreement with Canaccord Genuity. The stock has also benefited from an upcoming nuclear renaissance in the United States, following an executive order by President Trump to support domestic uranium mining and enrichment capacity, cut regulations, and accelerate licenses for reactors. Following the recent rally, the share price of Ur‑Energy Inc. (NYSEAMERICAN:URG) has jumped by more than 61% over the last month. While we acknowledge the potential of URG 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: 10 Best Nuclear Energy Stocks to Buy Right Now 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store