Home / Business / Recommended Mix Momentum Stocks: Agrium (NYSE:AGU), VimpelCom (NASDAQ:VIP), Seabridge Gold (NYSE:SA)

Recommended Mix Momentum Stocks: Agrium (NYSE:AGU), VimpelCom (NASDAQ:VIP), Seabridge Gold (NYSE:SA)

Agrium Inc. (NYSE:AGU) [Trend Analysis] plunged reacts as active mover, shares a decrease -2.70% to traded at $92.64 and the percentage gap among open changing to regular change was -0.35%. Agrium Inc. (AGU) together with Potash Corporation of Saskatchewan Inc. (POT) reported that they have decided to combine in a merger of equals. Following the close of the transaction, PotashCorp shareholders will own about 52 percent of the new firm, and Agrium shareholders will own about 48% on a fully diluted basis.

Upon closing of the accord, Jochen Tilk will serve as Executive Chairman, Chuck Magro will serve as CEO, and Wayne Brownlee will serve as CFO. Under the contract, a new parent firm will be formed to own both companies. PotashCorp shareholders will receive 0.400 ordinary shares of the new firm for each ordinary share of PotashCorp they own, and Agrium shareholders will receive 2.230 ordinary shares of the new firm for each ordinary share of Agrium they own. The firm’s current ratio calculated as 1.30 for the most recent quarter. The firm past twelve months price to sales ratio was 0.92. As far as the returns are concern, the return on equity was recorded as 14.10% and return on investment was 10.90% while its return on asset stayed at 5.10%. The firm has total debt to equity ratio measured as 0.86.

VimpelCom Ltd. (NASDAQ:VIP) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -6.92% to $3.63. VimpelCom Ltd. (VIP) reported that commencement of an offering by selling shareholder Telenor East Holding II AS of 142.5 million ADSs, each representing one ordinary share of VimpelCom. Before pricing of the ADS offering, Telenor may also launch a 3-year bond exchangeable into VimpelCom ADSs in an aggregate principal amount of up to $1 billion with an exchange premium which could be up to 35 percent.

The exchangeable bond will be released outside the U.S. to non-US persons. VimpelCom noted that the firm will not receive any proceeds from the sale of the ADSs by Telenor, and Telenor’s sale of the ADSs will not result in dilution of the firm’s issued and outstanding shares. The share price of VIP attracts active investors, as stock price of week volatility recorded 4.63%. The stock is going forward to its 52-week low with 33.95% and lagging behind from its 52-week high price with -27.86%.

Seabridge Gold, Inc. (NYSE:SA) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 5.45% to close at $11.80 with the total traded volume of 1.17 Million shares. The firm has institutional ownership of 42.10%, while insider ownership included 28.80%. SA attains analyst recommendation of 1.70 with week performance of 0.94%.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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