Argonaut | The Natural Choice in Resources

Argonaut is a full service advisory, stockbroking & research and investment house with offices in Perth and Hong Kong. Argonaut is technically driven & focused on natural resource companies & businesses that service the metals, mining, energy and agri-business sectors. Argonaut has an established track record of creating significant wealth for clients.

Morning Notes

U.S. stocks posted small losses as a mixed report on June labor markets failed to pull attention away from Greece's weekend referendum on its creditors' demands. The Labor Department said 223,000 jobs were added to the U.S. economy in June, while the unemployment rate fell to 5.3% from 5.5%. The number of new jobs created came in just below expectations for 233,000, while wages remained flat and job creation in the spring was weaker than initially estimated, the Labor Department said. The Dow Jones index dropped 28 points, or 0.2%, to 17,730, while the S&P 500 closed flat at 2,077.

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Latest Research

A near term pipeline of work should boost FY16 financial performance despite the faltering local economy, while the tie-up with Brookfield should assist GCS in its strategic diversification onto the east coast. We believe this will help take up some of the slack that we expect in the Perth city construction market in the medium term. We maintain a buy recommendation on an unchanged $0.65 valuation.

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Latest News

Argonaut is proud to be the Major Sponsor of the Australian Uranium Conference to be held at the Hyatt Regency Hotel in Perth, Western Australia from 15 to 16 July 2015. The Australian Uranium Conference is the leading event in Australia for the Uranium sector. Due to industry demand and some geological and operational similarities, the conference has incorporated Rare Earths into the programme with great success.

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