48.34 +0.05 (0.11%)
After hours: 4:11PM EDT
|Bid||46.51 x 1100|
|Ask||49.10 x 800|
|Day's Range||48.12 - 48.55|
|52 Week Range||39.92 - 52.62|
|PE Ratio (TTM)||27.42|
|Forward Dividend & Yield||2.20 (4.44%)|
|1y Target Est||46.01|
WINNIPEG, Manitoba/LONDON, Aug 20 (Reuters) - Canada's Nutrien Ltd, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton Plc , stays on the sidelines. BHP has been weighing an entry into potash since prices spiked a decade ago.
Does the share price for BHP Billiton plc (LON:BLT) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by taking the foreast future cash flows of theRead More...
Investing.com - Asian markets were mixed on Monday as traders awaited developments on proposed trade talks between U.S. President Donald Trump and Chinese leader Xi Jinping.
The technology long associated with Bitcoin is now being used to make businesses as varied as trade finance, videogaming, travel insurance, and diamond mining more efficient and more secure. Partnerships and initiatives featuring blockchain seem to be trumpeted every day. Take the Australian mining giant BHP Billiton (BHP), which announced in 2016 that it would use blockchain to track its supply chain, including the movement of rock and fluid samples.
Metal and mining stocks have plunged in recent weeks as the prices of commodities sink in the face of a strengthening U.S. dollar, as measured by the SPDR S&P Metals and Mining ETF ( XME). Mining companies Coeur Mining, Inc. ( CDE), Cleveland-Cliffs Inc. ( CLF), Freeport-McMoran Inc. ( FCX), Rio Tinto PLC ( RIO) and BHP Billiton Ltd. ( BHP) have already seen their stocks fall dramatically, by as much as 37% from their 2018 highs. Freeport McMoran's is nearly 32% off its 2018 high, and the technical chart suggests shares fall by an additional 13%.
BP ’s blockbuster $10.5bn deal for a portfolio of shale oil assets from BHP Billiton was not only its biggest acquisition in almost 20 years, it signalled the company’s big comeback into the US following ...
While all three were able to trim losses heading into the closing bell, the Dow closed the day down triple digits. The Dow Jones Industrial Average fell 0.49%, or 124 points to 25,176, while the S&P 500 fell 0.69%, or 20 points to 2,820, and the Nasdaq fell 1.15%, or 91 points to 7,780. announced that it is purchasing Alabama-based Energen for $8.4 billion, a purchase that will give the company a larger presence in the West Texas Permian Basin.
Usually, equity and commodity prices share a positive correlation. However, gold (GLD) is an obvious exception. The correlation between equities and commodities isn’t hard to explain. Commodities, like equities, tend to do well when demand is strong during periods of high economic growth. Commodities are weak in risk-off environments. Equity markets also fall during such periods.
Copper prices fell to a fresh 13-month low Tuesday after data showed fixed-asset investment in China slowed to a nearly two-decade low in the first seven months of the year. Front-month copper for August delivery slumped 1.7% to $2.6765 a pound on the Comex division of the New York Mercantile Exchange—its lowest close since July 13, 2017. Prices are down 19% from their June four-year highs, hurt by worries that trade tensions between the U.S. and China will accelerate a Chinese economic slowdown, weakening demand for materials used in construction and manufacturing.
So far in this series, we have discussed Freeport-McMoRan’s (FCX) bearish drivers. In this part, we’ll discuss Freeport’s bullish drivers.
Inflation hasn't been a major problem in America for over a decade, but with estimates for U.S. second-quarter GDP clocking in at 4.1%, the era of low inflation could be coming to an end. How can investors limit the damage that inflation can wreak on a portfolio? One way is to own stocks that benefit in some way from inflation.
As we noted previously, copper miners including Freeport-McMoRan (FCX), Glencore (GLEN-L), and Southern Copper (SCCO) have fallen this year. The fall in copper miners’ stock prices has been led by weak copper prices. Although copper started the year on a positive note after sharp gains in December 2017, trade war concerns have taken a toll on copper.
So far, Freeport-McMoRan (FCX) is having a terrible year. Based on the closing prices on August 9, the stock has lost 18.8% in 2018. Other copper miners have also seen losing investors’ interest amid falling copper prices. Southern Copper (SCCO) and Antofagasta (ANTO) have fallen 2.5% and 2.9%, respectively, in 2018. Glencore (GLEN-L) received a subpoena from the Department of Justice earlier this year. Glencore has fallen 15.3% year-to-date.
China is the world’s biggest copper importer. Copper mining is concentrated in Latin America, and companies including Southern Copper (SCCO) and Antofagasta (ANTO) operate copper mines in the region. Copper, which is considered an indicator of the global economy, is languishing near the $6,000 per metric ton level after having topped $7,000 per metric ton earlier this year.
BHP Billiton has agreed to pay a group of shareholders $50m to settle a class action related to the 2015 Samarco dam disaster, as the mining giant continues to negotiate a $41bn civil claim in Brazil. ...
The first time Karen Requena entered the cafeteria at BHP Billiton’s massive Escondida mining operation in northern Chile, she couldn’t help feeling countless eyes fixed on her body as she walked across the vast hall. Then as Requena looked for a place to sit, the noise started. It was 2012, and Requena was working 10-day shifts as an Escondida safety officer for BHP Billiton contractor Villatol.
RIO DE JANEIRO (Reuters) - Iron miner Samarco, a joint venture of Brazil's Vale SA (VALE3.SA) and Australia's BHP Billiton Ltd (BHP.AX), expects to obtain next year all licenses needed to resume operations ...
BHP Billiton has requested five days of government-mediated talks as it seeks to end a pay dispute with the main union at Escondida, the world’s biggest copper mine. If there is no agreement, a strike will begin on 14 August, although negotiations could be extended by another five days if both parties agree. “In response to the call made last week by the Regional Governor, the company has formally requested the obligatory mediation of the Antofagasta Labour Inspection Service,” the company said in a statement.
Aug.12 -- Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine. In the U.S., hedge funds’ bearish bets outnumber bullish wagers by the most since 2016, latest data show. Sentiment has turned increasingly negative even as BHP Billiton and workers at its Escondida mine in Chile approach the end of a government-led mediation, after wage talks failed. Bloomberg's James Poole reports on "Bloomberg Markets: Asia."