US LNG exports surge but will buyers in China turn up?
In a challenging market environment, Liberty All Star Equity Closed Fund’s stock has touched a new 52-week low, dipping to $6.26. The fund, with a market capitalization of $1.78 billion, currently offers an attractive dividend yield of 10.62% and trades at a P/E ratio of 7.33. This latest price point underscores a period of bearish sentiment for the fund, which has seen a significant downturn over the past year. Despite market volatility, InvestingPro analysis reveals a "GOOD" overall financial health score and a beta of 1.1, indicating moderate market sensitivity. According to InvestingPro Tips, the fund has maintained dividend payments for 39 consecutive years, with several more insights available to subscribers. The fund’s performance, now at a critical juncture, will be closely monitored by shareholders and analysts alike as they assess its future trajectory in light of this new low. For comprehensive analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Americas Gold and Silver Corporation reported a 5% increase in revenue for the full year of 2024, reaching $100.2 million, despite a widening net loss of $48.9 million compared to $38.2 million in 2023. The company is strategically focusing on increasing its silver production, aiming to derive 80% of its revenues from silver by the end of 2025. As part of its expansion efforts, Americas Gold and Silver signed a $15 million financing deal with Trafigura to support the production of higher-grade silver-copper concentrates by the third quarter of 2025. Additionally, the company plans to ramp up production at its Galena complex and increase output from its CoSLA operations in the second half of 2025. The firm has also consolidated ownership of the Galena complex and reduced liabilities by approximately $43 million. Analyst coverage from Core Mark Securities has been initiated, reflecting growing interest in the company’s strategic developments. The company remains optimistic about its future, with plans to issue production guidance in April 2025.
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