Today’s midday gainers are International Tower Hill Mines Ltd (NYSEMKT:THM), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) and IAMGOLD Corp (NYSE:IAG). The losers are Yandex NV (NASDAQ:YNDX), Qiwi PLC (NASDAQ:QIWI) and Cooper Tire & Rubber Co (NYSE:CTB).
Ukraine: Great Day for Gold
Today’s midday gainer is International Tower Hill Mines Ltd (NYSEMKT:THM), up +7.45%. The price of gold crept up today, as did that of crude oil, as tensions in Russia and Ukraine spurred investors to seek safe havens. THM, a John Paulson pick, is up +72.61% this year.
In fact, gold companies take the second and third spots on this Monday’s list of Midday gainers. IAMGOLD Corp (NYSE:IAG) surged +4.35% today and is up +31.62% YTD, and Toronto-based IAMGOLD increased +4.04% today and +16.07% YTD. John Paulson and Ray Dalio have invested in both.
Ukraine: Russian Companies Take a Dive
Two Russian companies are today’s biggest losers midday – also the result of political turmoil in Russia and Ukraine. Yandex NV (NASDAQ:YNDX), Russia’s largest search engine, slipped -14.49%. Tiger Global holds a minor stake in the company. Qiwi PLC (NASDAQ:QIWI), also a Tiger pick, fell -14.18%. It provides electronic payments systems in Russia, Kazakhstan and Belarus.
Rounding out today’s list of losers is Cooper Tire & Rubber Co (NYSE:CTB), down -8.76%. The John Paulson and Farallon Capital pick released its quarterly results that fell short of analysts’ expectations for EPS and revenue.