|Bid||4,483.00 x 0|
|Ask||4,488.00 x 0|
|Day's Range||4,436.00 - 4,512.00|
|52 Week Range||3,131.00 - 5,584.00|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||13.03|
|Earnings Date||Aug 06, 2021|
|Forward Dividend & Yield||124.00 (2.81%)|
|Ex-Dividend Date||Sep 29, 2021|
|1y Target Est||4,057.30|
Rating Action: Moody's affirms Empresa Electrica Cochrane SpA's Ba1 rating; changes outlook to negativeGlobal Credit Research - 21 Apr 2021Approximately $390 million of debt securities outstandingNew York, April 21, 2021 -- Moody's Investors Service, ("Moody's") today changed the outlook of Empresa Electrica Cochrane SpA (Cochrane) to negative from stable and affirmed its's Ba1 senior secured rating.This rating was prompted by the release of the corporate guarantee and bank letter of credit supporting the obligations under power purchase agreement (PPAs) of the mining company Sierra Gorda SCM (Sierra Gorda), as the largest project offtaker, accounting for approximately 45% of Cochrane' expected revenues in 2021. The guarantees were provided by Sierra Gorda's shareholders, which include KGHM International Ltd (a wholly owned subsidiary of the Polish state-owned company KGHM Polska Miedz SA [KGHM]) that provided a bank letter of credit, Sumitomo Metal Mining Co., Ltd (SMM) and its parent company Sumitomo Corporation (Sumitomo; Baa1 stable) that provided corporate guarantees.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Empresa Electrica Cochrane SpAGlobal Credit Research - 02 Mar 2021New York, March 02, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Empresa Electrica Cochrane SpA and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 22 February 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service, ("Moody's") today assigned a B2 rating to IAMGOLD Corporation's ("IAMGOLD") proposed new senior unsecured notes. IAMGOLD is constrained by 1) the company's high operating cash costs ($1100/gold equivalent ounce ("GEO") LTM Q2/20) (Revenue - EBITDA)/GEO), 2) its moderate scale (800 thousand GEOs), 3) a concentration of production and cash flows at its two largest mines, 4) execution risk in developing its Côté Gold project and 5) geopolitical risk (mines in Burkina Faso, and Suriname). IAMGOLD together with joint venture partner Sumitomo Metal Mining Co. Ltd., sanctioned the construction of the Côté Gold project in Ontario Canada.