|Bid||16.95 x 0|
|Ask||17.18 x 0|
|Day's Range||16.90 - 17.67|
|52 Week Range||13.54 - 23.05|
|PE Ratio (TTM)||808.57|
|Forward Dividend & Yield||0.01 (0.07%)|
|1y Target Est||N/A|
Copper miners including Freeport-McMoRan (FCX) and Glencore (GLEN-L) are having a terrible year, as copper prices have lost ~20% year-to-date. Copper miners might not get a reprieve anytime soon. Costs have risen for copper mining companies pretty much across the board.
Canada's main stock index touched over three-month lows on Tuesday led by declines in materials companies amid the ongoing Sino-U.S. trade dispute and uncertainty over the future of NAFTA trade pact. * ...
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between company’s fundamentals and stock marketRead More...
Canada's main stock index slipped on Wednesday, as energy stocks declined in tandem with a fall in oil prices and uncertainty around trade talks persisted. * At 9:34 a.m. ET , the Toronto Stock Exchange's ...
In this article, we’ll look at leading copper miners’ second-quarter production data. By looking at top copper miners’ production profiles, we can gain crucial insight into the global copper supply.
The second-quarter earnings season is over, and most copper miners, including Southern Copper (SCCO), Freeport-McMoRan (FCX), and First Quantum Minerals (FM), have released their quarterly financial performance results.
Optimism about reaching a new NAFTA deal by the end of this week lifted Canada's main index on Thursday and energy companies provided a boost as oil prices rose. * Talks between Canada and the United States ...
Among the analysts polled by Thomas Reuters on August 21, First Quantum Minerals (FM) received a “strong buy” rating from seven analysts, while six analysts rated the stock as a “buy.” The remaining nine analysts rated First Quantum as a “hold” or some equivalent. The stock carries a mean consensus target price of 24.46 Canadian dollars, which implies a potential upside of 40.6% over its closing prices on August 21. In contrast, the stock carried a one-year target price of $24.54 on July 29—one day before its earnings release.
Freeport-McMoRan (FCX) has seen a negative price action of 24.0% in 2018 based on the closing prices on August 21. Among other copper miners, Glencore (GLEN-L) and Southern Copper (SCCO) have fallen 27.1% and 5.3%, respectively. Two factors have been weighing heavy on Freeport-McMoRan in 2018.
The following are the top stories from select Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Ontario's dispensary operators are ...
Canadian mining company First Quantum Minerals Ltd said on Monday a worker died and another was injured at its Cobre Panama project. The company said the worker died after he fell during the construction of an electrical transmission line at the facility area. The second worker was also injured in the same incident, said First Quantum, which has started an internal investigation.
Canada's main stock index rose on Monday as rising metal prices led to gains in material stocks, with hopes of resolution in the U.S.-China trade dispute boosting the sentiment. * At 9:34 a.m. ET , the ...
Canada's main stock index futures extended gains on Tuesday after the country's economy recorded its biggest rise in a year in May. Canada's economy grew by 0.5 percent in May as industries recovered from ...
Stock futures pointed to a higher opening for Canada's main stock index on Tuesday ahead of the release of the country's growth data for May that is likely to show economy grew at a higher pace compared ...
Canadian base metal miner First Quantum Minerals Ltd said on Monday it had extended its hedging program for copper sales, as trade war worries push prices lower despite "excess demand" for its production. The miner, whose second-quarter results included a $45 million loss from copper hedging, said it aims to ensure a level of cash flow for its $6.3 billion Cobre Panama project ahead of commercial production. The Toronto-based company said it has 25,000 tonnes of copper under forward sales contracts, at an average price of $3.15 per pound, maturing out to December 2018.
The Vancouver, British Columbia-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs, were 27 cents per share. The metal and minerals mining company posted ...
The U.S. Army Corps of Engineers is proceeding with an environmental review of a proposed copper and gold mine located near a major salmon fishery in Alaska, despite a request from the state's governor that the review be halted. Gov. Bill Walker, in a letter co-signed by Lt. Gov. Byron Mallott last month, said the company behind the proposed Pebble Mine had yet to show that the project is feasible or realistic. Walker's request was not one that the corps could grant under its rules, he said.
Freeport-McMoRan (FCX) is scheduled to release its second-quarter results on July 25. Rio Tinto (RIO) and BHP (BHP) have already released their operating results, while First Quantum Minerals’ (FM) second-quarter announcement is slated for July 30. In this article, we’ll discuss analysts’ projections for Freeport’s Q2 2018 earnings.
First Quantum Minerals (FM) has received “strong buy” ratings from seven analysts, while six have rated the stock as a “buy.” The remaining 11 analysts polled by Thomson Reuters on July 5 rated the stock as a “hold” or some equivalent. First Quantum has received a mean consensus price target of 24.16 Canadian dollars, representing a potential upside of 30.0% over its July 5 closing price. In terms of recent action, on June 29, Scotiabank upgraded First Quantum to “focus list.” Prior to that, on June 14, TD Securities upgraded the stock from a “buy” to an “action list” and raised its target price from 25 to 30 Canadian dollars.
* At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 47.28 points, or 0.29 percent, at 16,257.44. * Gold prices fell despite a weaker dollar as investors worried that U.S. Federal Reserve minutes, due later in the day, would highlight scope for further rate hikes. * The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5 percent as spot gold fell 0.1 percent to $1254.95 an ounce, while copper prices declined 0.1 percent to $6,382.5 a tonne.
Zambia agreed to give First Quantum Minerals Ltd. more time to complete its analysis of what the company might owe the southern African nation after it was slapped with a $7.9 billion tax bill, according to the finance minister. The Vancouver-based company is challenging the assessment from Zambia’s revenue agency, which claims First Quantum incorrectly declared imports for one of its two mines in Africa’s second-biggest copper producer. The government has audited major mining companies operating in the country, which include Vedanta Resources Plc and Glencore Plc.
Rio Tinto wants copper, and it's ready to pay top-dollar. The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters. If it can't land a big copper project, it is weighing the cumulative power of a series of more modest acquisitions to increase its exposure to a metal expected to be in high demand from the electric vehicle and renewable energy industries, the sources said.
Is It Time to Fall in Love with Copper Stocks? The stock carries a mean consensus target price of 23.82 Canadian dollars, which represents 10.6% upside over its closing price on June 12. The stock has outperformed some of the other copper miners (RIO) like Freeport-McMoRan (FCX) and Southern Copper (SCCO).