|Bid||12.53 x 0|
|Ask||12.50 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||4.40|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||0.90 (7.16%)|
|1y Target Est||12.35|
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.
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 ...
International private companies have increased their investment in Brazil's power sector over the last three years even as the country's cash-strapped state-controlled companies have cut back, a Reuters survey of power companies shows. Eight out of 11 large foreign private firms operating in Brazil boosted investments in the power sector from 2016 to 2018, some of them by more than 200 percent, the poll showed. Meanwhile, the three largest state-controlled firms - Eletrobras , Cemig and Copel - cut their annual spending by around 45 percent over the same period.
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 ...
Brazil's Retiro Baixo hydroelectric plant has suspended operations to preserve its equipment but the dam is safe, state-owned Eletrobras said, after last week's deadly disaster at a mining dam owned by Vale. Vale's Brumadinho tailings dam, used to store the muddy detritus from mining, collapsed on Friday, killing at least 84 in one of Brazil's largest industrial accidents on record. The Retiro Baixo plant in Minas Gerais, which has 82 megawatts (MW) capacity, is owned Eletrobras subsidiary Furnas and by state mining company Cemig.
Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a […]