1.5600 0.00 (0.00%)
After hours: 5:59PM EDT
|Bid||1.5500 x 36900|
|Ask||1.5600 x 29200|
|Day's Range||1.5400 - 1.6300|
|52 Week Range||1.4400 - 4.1100|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||7.32|
|Forward Dividend & Yield||0.18 (10.51%)|
|Ex-Dividend Date||Jan 02, 2020|
|1y Target Est||3.85|
Two Brazil energy companies tied to groups Cemig and Votorantim Energia have told business partners that the coronavirus outbreak is an event of "force majeure" that could be a reason for breaking energy contracts, according to documents seen by Reuters. Cemig GT and Votener, belonging to Votorantim Energia, have said in documents that they seek a reduction in the energy they are required to buy, because civil restrictions tied to the coronavirus outbreak will lead to a "generalized demand reduction."
If you're interested in Camarico Investment Group Ltd. (CSE:CIG), then you might want to consider its beta (a measure...
U.S. growth stocks were once again among the best performers of 2019. However, a recent market rotation toward value stocks and two new international trade deals has the outlook for foreign value stocks ...
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
The CFO of Brazilian renewable energy firm Renova Energia SA resigned and a key shareholder gave up its stake after failed talks to sell heavily indebted wind farm projects. Renova Chief Executive Officer Cristiano Corrêa de Barros will temporarily assume the responsibilities of outgoing Chief Financial Officer Claudio Ribeiro, the company said on Monday. Separately on Monday, Renova shareholder Light SA said it had sold its 17.17% stake in the firm to an investment fund for a symbolic value of 1 real.
Moody's America Latina ("Moody's") has affirmed the baseline credit assessment (BCA) and global scale corporate family rating (CFR) of Companhia Energetica de Minas Gerais - CEMIG (CEMIG) of b1 and B1, respectively. The national scale CFR was upgraded to Baa1.br from Baa2.br.
Privatization of Brazilian power company Companhia Energetica de Minas Gerais, known as Cemig, may be approved this year, its Chief Executive Officer told journalists on Friday. CEO Cledorvino Belini said in a press conference the government of Minas Gerais expects to send the project to state legislature this month, and have it approved by the end of the year. Belini said the state government may also seek to approve the privatization of other assets.
BELO HORIZONTE , Brazil , May 21, 2019 /PRNewswire/ -- COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("Cemig") , a listed company with securities traded on the stock exchanges of São Paulo, New ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Companhia Energetica de Minas Gerais - CEMIG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review 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. 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.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Latin America currencies softened on Thursday against a dollar boosted by strong U.S. economic data, while Latin American stocks slid along with their global peers, with equities in Argentina and Brazil ...
The privatization of assets in the Brazilian state of Minas Gerais could raise up to 9 billion reais ($2.35 billion), which will help plug the state’s 12 billion reais deficit but not eliminate it, Governor Romeu Zema said on Thursday. The sale of electricity company Companhia Energetica de Minas Gerais could raise 3-4 billion reais and the sale of sanitation company Copasa MG 5 billion reais, Zema told a conference in New York.
Brazilian police raided the headquarters of the state-controlled power company Companhia Energetica de Minas Gerais, known as Cemig, on Thursday, according to a police statement. The police said they were ...
Brazilian police and the country's revenue service raided the headquarters of the state-controlled power company Companhia Energetica de Minas Gerais on Thursday, according to a source with knowledge of ...