49.33 0.00 (0.00%)
After hours: 4:09PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||48.92 - 49.58|
|52 Week Range||33.37 - 50.79|
|PE Ratio (TTM)||22.34|
|Forward Dividend & Yield||1.72 (3.50%)|
|1y Target Est||42.91|
Vale SA’s (VALE) forward EV-to-EBITDA (enterprise value to earnings before, interest, tax, depreciation, and amortization) multiple is trading at close to 7.2x, the highest among its seaborne iron ore peers. Rio Tinto (RIO) and BHP Billiton (BHP) are trading at similar forward multiples of 6.6x and 6.7x, respectively. As we’ve previously mentioned, Cleveland-Cliffs (CLF) is a US-focused player with small direct exposure to the seaborne iron ore market.
BHP Billiton's (BHP) aggregate iron-ore productivity flat year over year at the end of first-half fiscal 2018. The company kept a positive outlook and reaffirmed its iron-ore output guidance.
Earlier in this series, we analyzed iron ore miners’ ratings and estimates. In this article, we’ll discuss these miners’ technical indicators. The trailing-three-month returns of all of the miners we’ve discussed are positive.
In this article, we’ll discuss analysts’ projections for Cleveland-Cliffs (CLF). Currently, US steel imports and US steel prices are the major factors affecting Cliffs’ estimates. Analysts expect Cleveland-Cliffs to report revenue of $2.3 billion in 2017, which would imply a rise of 11.1% YoY (year-over-year).
BHP Billiton is preparing to invite prospective buyers to go over the books for its U.S. onshore oil-and-gas assets, but hasn’t abandoned alternative exit routes from its shale operations.
BHP Billiton Ltd., the world’s biggest mining company, said quarterly iron ore output rose 3 percent on improved rail and plant performance, putting the exporter on target for record annual production....
Among the miners we’re discussing in this series, Vale SA (VALE) has the highest percentage of “buy” ratings at 65.2%. Many factors have contributed to the positive shift in the overall sentiment for Vale. The stock’s target price has risen 71% in the last year due to the positive turnaround of the company’s fundamentals. Vale’s peers (XME) Rio Tinto (RIO) (TRQ) and BHP Billiton (BHP) haven’t seen such growth in their target prices.
Miner Vale SA is in talks with BHP Billiton Plc on options for their Brazilian joint venture Samarco, and Vale could be a 'natural' owner of the project, a director of the Brazilian mining company said on Wednesday. "Maybe Vale would be a natural owner of Samarco, maybe it could make Samarco operate again," André Figueiredo, Vale's investor relations director, said during a meeting with investors and analysts in Sao Paulo.
Rio Tinto (RIO) (TRQ) stock returned a positive 37.6% in 2017. As we noted earlier in this series, some of the positives have now become so obvious that analysts have downgraded Rio, saying that these positives have already been priced in to its stock. Let’s take a look at the company’s revenue and earnings estimates.
The majority of ratings for BHP Billiton (BHP) are “buys,” with 61% of analysts recommending as much on the stock. The consensus target price for BHP is $30.0, which implies a potential downside of -3.1% based on its current market price. BHP’s most recent rating change came from JPMorgan Chase (JPM), which upgraded the stock from an “underweight” to a “neutral” on December 14, 2017.
A number of mining companies have notable oil aspirations playing out in 2018. Here are four names to keep an eye on
BHP Billiton Limited (NYSE:BHP) trades with a trailing P/E of 22.7x, which is higher than the industry average of 16.1x. While BHP might seem like a stock to avoid orRead More...