|Bid||41.82 x 200|
|Ask||41.84 x 300|
|Day's Range||41.49 - 41.85|
|52 Week Range||23.57 - 42.94|
|PE Ratio (TTM)||4.84|
|Dividend & Yield||0.57 (1.40%)|
|1y Target Est||N/A|
Insurers of billions of dollars of Puerto Rican bonds have sued the bankrupt U.S. territory’s financial oversight board, saying it should be forced to approve a $9 billion debt restructuring deal at the island's power utility, PREPA. The lawsuit was filed late on Monday by Assured Guaranty Corp and MBIA Inc’s National Public Finance Guarantee, in federal court in San Juan. It is the latest wrangle over a debt workout many had considered a done deal as Puerto Rico battles a crisis marked by $70 billion in debt and a 45 percent poverty rate.
If the bond insurer doesn't find a buyer for itself soon, it could become a target of an activist fund pushing it to combine with Assured Guaranty.
Newmont Mining (NEM) has dropped 3% so far this year, underperforming not only the S&P 500, but the VanEck Vectors Gold Miners ETF (GDX), which has gained 5.4% so far this year. But that hasn't stopped ...