|Bid||38.22 x 0|
|Ask||33.00 x 0|
|Day's Range||38.09 - 38.60|
|52 Week Range||30.31 - 40.13|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||37.33|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||1.64 (4.23%)|
|1y Target Est||25.45|
Natural gas prices have seen some volatility over the past few months, bouncing between highs near $3.00 per million British thermal units (MMBtu) and lows just above $2.50. The commodity currently trades at roughly $2.
Rising steel prices and government props for the China economy helped boost the country's steel output in the first quarter.
London markets were marginally lower as mining giant BHP Group PLC followed rivals in cutting iron ore production guidance. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) fell 0.1% to 7,459.1. It had risen 0.
BHP Group, the world's biggest miner, joined rival Rio Tinto on Wednesday in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits. Cyclone Veronica tore down the coast of Western Australia in March, hitting several iron ore export hubs, in a return of more turbulent weather conditions after several moderate years. The lower production also led to a rise in BHP's costs, while Rio Tinto suffered operational issues in the first quarter, including a fire at its Cape Lambert operations, said Brenton Saunders, an analyst at fund Pendal Group in Sydney.
The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes, from 273 million-283 million tonnes. Iron ore output came in at 64 million tonnes for the three months ended on March 31, compared with 67 million tonnes a year ago. At the beginning of this month, BHP put its annual iron ore production under review following a cyclone that swept Western Australia in late March, adding that it expects production to fall by 6 million to 8 million tonnes.
In 2013 Andrew Mackenzie was appointed CEO of BHP Group (ASX:BHP). This analysis aims first to contrast CEO compensation with other large companies. After that, we will consider the growth in the business. Third, we...
It’s also why Kelley and his colleagues are now concerned that United Nations officials and atomic regulators are poised to loosen rules on the industry, unlocking finance to take more radioactive material out of the ground without corresponding new checks. “Uranium extraction from phosphates flies under the radar,” said Kelley who also inspected phosphate plants in Egypt and Syria as a director with the International Atomic Energy Agency. Diplomats at the UN and IAEA have proposed reclassifying uranium as a “critical material.” That would allow countries to tap funding from the World Bank and other development institutions to ensure supply under the guise of the UN’s sustainable development goals.
The funds will be used bank-roll additional drilling, ore-body studies, infrastructure improvements and permitting activities with the miner aiming to advance the project to the final stage of the permitting phase, it said in a statement to the Australian Stock Exchange. Resolution, owned 55 percent by Rio and 45 percent by BHP Group, is one of the "most significant undeveloped copper projects in the world", Chief Executive Jean-Sébastien Jacques said. Copper has become a hot-commodity thanks to an expected boom in production of electric vehicles, which use twice as much copper as internal combustion engines.
Rio Tinto Ltd said on Monday it would invest an extra $302 million to develop its Resolution copper project in the U.S. state of Arizona, as it looks to expands output to meet the lucrative market for new energy vehicles. The funds will be used bank-roll additional drilling, ore-body studies, infrastructure improvements and permitting activities with the miner aiming to advance the project to the final stage of the permitting phase, it said in a statement to the Australian Stock Exchange. Resolution, owned 55 percent by Rio and 45 percent by BHP Group , is one of the "most significant undeveloped copper projects in the world", Chief Executive Jean-Sébastien Jacques said.
The global copper industry will be rocked by more disruptions this year than in 2018, contributing to a supply deficit as demand for the red metal continues to grow, the top executive of Chilean miner Antofagasta told Reuters. Antofagasta CEO Ivan Arriagada said labor strife, extreme weather and unexpected project delays will knock as much as a million tonnes off the year's total copper production, versus 600,000 the previous year. "We think this year there will be bigger disruptions than last, which was unusually tranquil," said Arriagada in an interview on the sidelines of CRU's World Copper Conference in Santiago.
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Barclays upgrades iron ore price forecast Barclays is optimistic about the iron ore price outlook given the supply disruptions from Australian miners as well as Vale’s
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Credit Suisse As iron ore supply disruptions, at least from Vale (VALE), don’t look likely to go away easily, analysts have started another round of upgrades for iron
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Supply disruptions and inventoryAs the supply disruptions from the world’s two largest iron ore exporters, Brazil and Australia, have started showing in the export
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Vale’s dam disasterVale’s (VALE) iron ore production and shipments estimates have been negatively impacted by the dam burst on January 25. You can read Vale’s Q4
Is the Party Just Getting Started for Iron Ore Miners?Iron ore prices touch five-year high Iron ore prices are again touching multiyear highs. According to the Metal Bulletin, the benchmark iron ore prices (62% iron ore content) surged to ~$95.3 per
Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact. The program "will innovate and deploy financing specifically designed to manage the clean energy transition - responsibly, pragmatically and sustainably," Arnaud Soirat, Rio's head of copper and diamonds, said in a Tuesday speech at CRU's World Copper Conference in Santiago.
Chilean miner Antofagasta Plc will retain its dividend policy of paying out at least 35 percent of underlying net earnings but will pay out excess funds from the proceeds of sales to shareholders, its chief executive said. "If you look at the last three or four years, we have been distributing close to around 50 percent of net earnings.
"In light of the strong rally and the multi-month highs that were achieved in European indices recently, some investors are now taking a breather," David Madden, a market analyst at CMC Markets UK, wrote in a note. Bank stocks dropped 0.4 percent, with German lender Commerzbank among the top losers on the sector index with a 2.4 percent fall. Deutsche Bank, with whom Commerzbank is exploring a merger, dropped 1.9 percent.
Last week, BHP Chief Financial Officer Peter Beaven revealed plans of cuts of up to 20 percent to his 900-strong finance team at an internal town hall meeting, the newspaper said. BHP's technology group will also face cuts in workforce as part of a restructuring that could see up to 30 percent of its 2000 Australian and Singaporean workforce leave the group, according to the report. The cuts are not targeted at the workforce operating BHP's global mines but will be part of its restructuring of "functional" sections in an attempt to streamline their operations, The Australian reported.
(Bloomberg) -- BHP Group Ltd. will cut jobs in a continuing effort to reduce bureaucracy under a previously foreshadowed streamlining strategy, a person familiar with the matter said.
Ethical investors working on a global standard for tailings dams have written to 683 listed resource companies, including major miners, asking for information to be made public within 45 days about every facility they control. The safety of dams used to store mining waste, known as tailings, has gain prominence after the collapse of a Vale tailings dam in Brazil in January killed an estimated 300 people.
Is Adobe Inc. (NASDAQ:ADBE) a healthy stock for your portfolio? Money managers are becoming more confident. The number of long hedge fund bets moved up by 5 recently. Our calculations also showed that ADBE is among the 30 most popular stocks among hedge funds, ranking 16th. Hedge fund sentiment towards Adobe is currently at an […]
Vale’s Q4 Results: Why Analysts' Sentiments Are Trending Down(Continued from Prior Part)Vale’s shift in ratingsVale (VALE) stock has seen a significant shift in ratings since its dam burst in January 2019. Currently, only 37% of the 24 analysts