|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||27.45 - 27.76|
|52 Week Range||17.46 - 29.54|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||10.23|
|Forward Dividend & Yield||2.63 (9.68%)|
|1y Target Est||23.70|
Norilsk Nickel, the metals and mining company controlled by oligarch Vladimir Potanin, has warned of lower payments to shareholders from 2022 as its sinks cash into new projects to boost production. The Russian company, which is the world’s biggest producer of palladium and a leading supplier of nickel, said in an investor presentation that the level of dividends could decline as investment increases between 2022 and 2025. Norilsk has ambitious plans to lift its output of nickel, copper, palladium and platinum over the next decade to capitalise on the electrification of transport and more stringent emissions testing.
Chile's Codelco, the world's top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco's divisions, had joined a nation-wide strike of state workers in a show of support for protesters' demands for action to tackle inequality in Chile.
The founder of Russian lender TCS Group sold $150 million of its global depository receipts (GDRs) on Thursday, the second time this week that a Russian billionaire has cashed in on an investment amid favourable market conditions. Russian businessmen Roman Abramovich and Oleg Tinkov offloaded some of their respective stakes in their companies through accelerated bookbuilding deals (ABB), which investment bankers said demonstrates continued global interest in certain Russian assets despite sanctions and a challenging business environment in the country. The shares represent a 1.7 stake in the company and were mostly bought by British-based investors.