|Bid||776.80 x 38000|
|Ask||777.60 x 120000|
|Day's Range||771.60 - 791.20|
|52 Week Range||713.20 - 1,171.50|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||11.70|
|Earnings Date||Mar 12, 2018 - Mar 16, 2018|
|Forward Dividend & Yield||0.13 (1.64%)|
|1y Target Est||11.24|
By Muvija M (Reuters) - UK shares fell sharply on Monday, as a profit warning from online fashion store ASOS reverberated across Europe and reinforced woes about slow sales during the busy holiday season, ...
By Helen Reid and Danilo Masoni LONDON (Reuters) - Miners, autos, tech, and oil stocks surged on Monday, driving Europe's main benchmarks up strongly after U.S. and Chinese leaders agreed a temporary truce ...
By Josephine Mason and Julien Ponthus LONDON (Reuters) - Mining and energy stocks led a rally in British equity markets on Monday after Washington and Beijing agreed a ceasefire in their trade conflict, ...
Investing.com - The European basic resource sector soared in midday trade on Monday, as a trade ceasefire between the U.S. and China sparked demand for growth-linked assets.
Previously, we discussed copper miners’ production profiles and 2018 guidance. In this part, we’ll look at leading copper producers’ unit cash costs and see what’s impacted their unit cost progression.
In this part, we’ll discuss leading copper miners’ third-quarter production data. By looking at top copper miners’ production profiles, we can get crucial insight into the global copper supply.
Freeport-McMoRan (FCX), the leading US-based copper miner, has lost 42.7% YTD (year-to-date) based on the closing prices on November 23. Other copper miners like Southern Copper (SCCO) and Antofagasta (ANTO) have also fallen in 2018. Vale (VALE) is in the green in 2018. Iron ore prices have been relatively strong despite the rout in other metals (XME).
First Quantum Minerals (FM) has received “strong buy” ratings from eight analysts, while nine have given it “buy” ratings or some equivalent. The remaining five analysts polled by Thomson Reuters on November 22 have rated the stock as a “hold.”
Leading mining and trading giant (EWU) Glencore (GLEN-L) has received “strong buy” ratings from eight analysts, while 12 have given its stock “buy” ratings.
Antofagasta (ANTO) has received “strong buy” ratings from seven analysts, while five have given it “buy” ratings or some equivalent. Six analysts have given Antofagasta “hold” ratings, while the remaining three analysts polled by Thomson Reuters on November 22 have rated it as a “sell” or lower.
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Historically, Antofagasta plc (LON:ANTO) has paid dividends to shareholders, and Read More...
Freeport-McMoRan (FCX) has received a “strong buy” rating from one analyst, while six have given it “buy” ratings. Thirteen analysts have given Freeport “hold” ratings, while the remaining two analysts polled by Thomson Reuters on November 22 have given it “sell” ratings or some equivalent.
The metals and mining space has seen a reversal of fortune this year. Metals prices plunged to multiyear lows in 2015 and 2016. However, China’s stimulus helped fuel a rally in commodity prices.
Investing.com - The European basic resource sector was among the worst performers in European midday trade on Thursday, as worries over slowing global growth kept buyers on the sidelines.
So far in this series, we discussed that copper’s near-term outlook has been impacted by the slowdown in Chinese demand. However, the looming supply-side led deficit, as predicted by most market observers, is a bullish driver.
Previously, we discussed some Chinese copper demand indicators (SCCO). China’s copper demand indicators don’t look as strong as what we saw at the beginning of 2018. End consumers like the construction and automotive sectors have shown signs of moderation.
NEW DELHI/SHANGHAI, Nov 16 (Reuters) - India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns. The company has denied that the plant, India's second biggest copper smelter located in the port city of Thoothukudi, pollutes the area.
Chinese copper smelter Jiangxi Copper and miner Antofagasta have agreed 2019 copper treatment and refining charges (TC/RCs) at $80.80 a tonne and 8.08 cents a pound, three sources familiar with the matter said. The charges agreed between Jiangxi and Antofagasta are down from the 2018 benchmark of $82.25 a tonne and 8.225 cents a pound. Miners pay the TC/RCs to smelters to process their concentrate into refined metal, offsetting what the smelters pay the miners for the concentrate.
Britain's top stock index fell on Wednesday as mining shares and oil majors sold off amid growing anxiety that global growth was slowing, though a late rally in gambling stocks offset some of the slide. The FTSE 100 (.FTSE) ended 0.3 percent lower after a choppy day, with investors navigating a commodities selloff and nerves over Brexit as Prime Minister May tried to persuade her cabinet to back her draft EU divorce plan. "Markets are struggling to discount two binary options: a Brexit which is relatively soft and pushed down the road, or a dramatic no-deal result," said Edward Park, investment director at Brooks Macdonald.
LONDON (Reuters) - UK shares fell on Friday, ending two days of gains as weak metals prices weighed, Burberry sank 5 percent and Wall Street opened lower after a hawkish Federal Reserve statement renewed ...
I am going to run you through how I calculated the intrinsic value of Antofagasta plc (LON:ANTO) by taking the foreast future cash flows of the company and discounting them Read More...
European Corporate News Roundup Air Liquide 3Q Revenue Rose as Currency Woes Softened Air Liquide SA said third-quarter revenue rose more than 6% due in part to more favorable currency fluctuations and stronger energy prices.
BHP Billiton (BHP.AX), (BLT.L), and Rio Tinto (RIO.AX), (RIO.L) - that have also signalled lower copper output this year. "The physical copper market continues to look tight and the outlook for next year remains positive despite ongoing fears about disruptions to global trade," Chief Executive Officer Iván Arriagada said in a statement. The London-listed company said it now expects copper production to be between 705,000 to 725,000 tonnes with strong production expected in the fourth quarter.
LONDON (Reuters) - Britain's blue-chip share index gave up earlier gains and slipped into negative territory on Monday in see-saw trade as lower oil prices pressured energy stocks and gambling companies ...
Freeport-McMoRan (FCX) is scheduled to release its third-quarter earnings results on October 24. Analysts polled by Thomson Reuters expect Freeport to post revenue of $4.5 billion in the third quarter. Freeport posted an adjusted EBITDA of $1.6 billion in the third quarter of 2017.