|Day's Range||2.80 - 2.92|
|52 Week Range||2.54 - 5.13|
|PE Ratio (TTM)||-6.17|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
As the latest of the Fed's predicted rate hikes went into effect on Wednesday, June 14, precious metals mining funds and shares started dropping drastically.
SAO PAULO/SANTIAGO, June 16 (Reuters) - A unit of Chile's Empresas Copec SA is in talks to buy a controlling stake in Brazil pulpmaker Eldorado Brasil Celulose SA, whose controlling family ensnared in a corruption scandal put it on the block after signing a plea deal with prosecutors. In a Friday securities filing, Copec and unit Arauco said they signed a non-disclosure agreement with Eldorado with the purpose of exploring a possible investment, without elaborating further. Earlier in the day, a person involved in the process told Reuters that Copec had already placed a bid for Eldorado.
Most precious metals saw a down day on Wednesday, June 14.