|Bid||46.65 x 2200|
|Ask||46.66 x 2900|
|Day's Range||46.40 - 46.89|
|52 Week Range||38.04 - 47.92|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||22.77|
|Forward Dividend & Yield||2.52 (5.37%)|
|1y Target Est||49.11|
Freeport Looks Solid as Long-Awaited Supply Disruption HitsFreeport Freeport-McMoRan (FCX), the leading US-based copper miner, has been strong this year. The stock has seen upwards price action of 27.5% so far in the year based on its closing prices
BHP Group (BBL) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
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The retailer earned an adjusted $1.41 per share for the fourth quarter, beating estimates by 8 cents a share. Revenue also beat Wall Street forecasts. U.S. comparable-store sales rose 4.2 percent, topping the Refinitiv consensus of a 3.2 percent increase.
"They can attack a train anywhere just by blocking the railway," said Luis Millapan, the deputy commissioner that heads the copper theft force. The new police unit has already had some success, arresting 11 people and seizing about 60 tons of mineral stolen from the mines themselves.
Why Freeport-McMoRan Is Surging TodayFreeport-McMoRan Freeport-McMoRan (FCX), the leading US-based copper miner (XME), is trading with gains of 5.5% as of 11:55 AM EST. Southern Copper (SCCO) and First Quantum Minerals (FM) have gained 1.6% and 1.4%,
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The outlook for mining companies is still upbeat even if economic growth slows, although it pays to be choosy, according to Goldman Sachs.
Billiton (BBL) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)Vale’s dam burst On January 25, a major disaster struck Vale (VALE) when a dam ruptured at its iron ore mine in the state of Minas Gerais in Brazil (EWZ)
Will Iron Ore Breach $100 in the Wake of Vale's Dam Collapse?(Continued from Prior Part)Iron ore’s price upside As we discussed earlier in this series, the clampdown on Vale (VALE) is just getting started. There could be repercussions on the
Will Iron Ore Breach $100 in the Wake of Vale's Dam Collapse?(Continued from Prior Part)Vale’s loss is its peers’ gain The clampdown on Vale (VALE) stock is expected to continue. It’s been spiraling downward since the dam disaster struck. From
Will Iron Ore Breach $100 in the Wake of Vale's Dam Collapse?Vale’s dam burst Following Vale’s (VALE) dam collapse on January 25, iron ore prices have been rising. On February 7, prices reached nearly a two-year high. On January 30, Vale
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Petra Diamonds Limited 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.
Vale: More Issues after the Dam DisasterVale’s dam disaster On January 25, another disaster struck Vale (VALE) when a dam ruptured at its iron ore mine in Brazil’s (EWZ) Minas Gerais state. The collapse killed 150 people. Nearly 200 people are
"In 2018 we invested $12 billion of organic capital, underpinned by continued gains in execution performance, great delivery from the team and thereby creating the space for the BHP transaction," BP Upstream CEO Bernard Looney said. This proved overly cautious," J.P. Morgan analyst Christyan F. Malek said. The high cost of the deal did raise questions shortly after its close, as the closure on November 1 saw oil prices on the WTI crude decline from around $67 per barrel to around $40 per barrel on Christmas Eve.
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Could China’s Slowdown Weigh on Iron Ore Prices This Year?(Continued from Prior Part)China’s steel prices Bumper margins prompted Chinese steel mills to continue increasing their output. In 2017, Chinese steel prices rose ~30%, and they remained
Could China’s Slowdown Weigh on Iron Ore Prices This Year?(Continued from Prior Part)Daily average output slides Previously, we looked at how Chinese iron ore imports stayed weak last year due to lower steel production. As reported by Reuters,
Could China’s Slowdown Weigh on Iron Ore Prices This Year?(Continued from Prior Part)Customs data and China’s iron ore importsAs China consumes more than 70% of seaborne-traded iron ore, it’s imperative for iron ore investors to track the
Could China’s Slowdown Weigh on Iron Ore Prices This Year?(Continued from Prior Part)Vale’s dam burst On January 25, another disaster struck Vale (VALE) when a dam ruptured at its iron ore mine in Brazil’s Minas Gerais state. In November 2015,
Could China’s Slowdown Weigh on Iron Ore Prices This Year?Iron ore’s roller-coaster rideIron ore prices were volatile last year, peaking at $79 per ton in February, plunging to $63 per ton in March, and taking off again soon after. When
Will Vale's Second Dam Burst Overshadow Positive Catalysts?Vale’s dam burstOn January 25, another disaster struck Vale (VALE) when a dam ruptured at its iron ore mine in Brazil’s (EWZ) Minas Gerais state. As of the last report, at least 58 are
Does Freeport-McMoRan Stock Look Attractive after the Sell-Off?(Continued from Prior Part)Freeport’s sale Last year, rumors cropped up that Freeport-McMoRan (FCX) was up for sale. In an interview with Bloomberg, Freeport’s CEO, Richard Adkerson,