|Bid||0.00 x 900|
|Ask||0.00 x 2200|
|Day's Range||56.79 - 57.35|
|52 Week Range||44.62 - 60.72|
|Beta (3Y Monthly)||0.39|
|PE Ratio (TTM)||10.29|
|Forward Dividend & Yield||2.54 (4.51%)|
|1y Target Est||63.00|
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%,
Huntsman's (HUN) Polyurethanes segment sales declines year over year in Q4 due to lower MDI average selling prices. It expects to generate strong free cash flow in 2019 and boost downstream businesses.
Take-Two, Las Vegas Sands, Unilever, Rio Tinto and Celgene highlighted as Zacks Bull and Bear of the Day
Cleveland-Cliffs' (CLF) Q4 results gain from higher steel pricing and pellet premiums. However, adjusted earnings missed the consensus mark.
The outlook for mining companies is still upbeat even if economic growth slows, although it pays to be choosy, according to Goldman Sachs.
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)
Chinese steel mills may be forced to modify the way they operate as a result of lower availability of higher grades of iron ore after the collapse of a dam at a mine owned by Brazil's Vale. The exact ramifications to iron ore supply and China's vast steel sector from the burst dam at Vale's Corrego do Feijao mine, which has killed 142 people and left 194 others missing, are still to be quantified. Supply-wise, it's likely to run into tens of millions of tonnes of high-grade iron ore lost from the seaborne market, with some estimates reaching as high as 70 million tonnes.
China is the world's largest consumer of copper, accounting for nearly half of its global demand, and China is the world's largest economy, ergo the name Doctor Copper. The mystery lies in the distinction between actual tight market fundamentals vs. the perceived global economic collapse if trade talks between the U.S. and China did break down. There is a significant correlation between China's Manufacturing PMI and the price of copper.
slumped on a profit warning, which was due to its clients not losing enough. The contracts-for-difference bookmaker said the effect of European leverage regulations in combination with maintained marketing spend was “likely to result in 2019 profit being materially lower than current market expectations”. Full-year results from Plus500 showed revenue up 65 per cent to $720m on a 20 per cent higher cost base, resulting in profit nearly doubling to $503m.
Iron ore, once a very keenly traded bulk commodity, has been quite boring for the past year, as prices in 2018 averaged between $60-$70 a ton -- closing at around $71 a ton, down around 3.5% for the year. Today, the price of iron ore has jumped to a two-year high above $90 a ton after Vale, the world's top producer of the raw material used to make steel, was ordered to stop production at its mines following a horrific dam collapse in Brazil last month. Iron ore is up 20% so far this year and is one of the best performers in the commodity spectrum.
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
ArcelorMittal's (MT) Q4 results gain from higher average steel selling prices and improved market-priced iron ore shipments amid lower steel shipments.
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
Arconic's (ARNC) Q4 results benefit from higher volumes in all segments. The company expects 2019 adjusted earnings in the band of $1.55-$1.65 per share.
Ashland's (ASH) Specialty Ingredients unit gains from improved product mix and pricing in Q1, partly offset by unfavorable currency. The company reaffirms previously announced outlook.
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
Moody's Investors Service ("Moody's") upgraded the senior unsecured ratings of all rated entities within the Rio Tinto Group ("Rio Tinto or Group") to A2 from A3. At the same time, Moody's has upgraded the short-term ratings for the relevant subsidiaries to P-1 from P-2. A full list of the ratings affected can be found at the end of this press release.
(Bloomberg) -- Iron ore rallied toward a two-year high after Vale SA declared force majeure on some contracts, raising worries of a global shortfall of the key steel-making ingredient. Australia & New Zealand Banking Group Ltd. is now forecasting a production deficit in 2019, compared with surplus of 15 million tons before Vale’s dam disaster in Brazil.
Lower pricing and reduced volumes hurt Hi-Crush's (HCLP) Q4 results. For Q1, the partnership expects total sales volumes in the range of 2.4-2.6 million tons.