50.79 0.00 (0.00%)
After hours: 6:15PM EDT
|Bid||50.70 x 200|
|Ask||53.99 x 200|
|Day's range||50.61 - 51.87|
|52-week range||37.66 - 59.25|
|PE ratio (TTM)||10.43|
|Forward dividend & yield||2.20 (4.13%)|
|1y target est||60.93|
Glencore added to its growing portfolio of coal assets with a $1.7 billion investment in a pair of Australian producers—part of a bet by the mining giant that demand for coal in Southeast Asia will remain ...
Glencore has bought Rio Tinto’s Hail Creek coal mine in Australia for $1.7bn, expanding the miner’s presence in the global coal markets as others seek to move away from the fuel. Switzerland-based Glencore ...
President Trump has imposed a tariff of 10% on all aluminum imports. President Trump has left the door open for more exemptions. US aluminum producers have had a mixed response to President Trump’s tariffs.
The world’s biggest miners, which reined in costs during lean times, are flush with profits from a recent commodity-market rebound. But now, with rising expenses for fuel, raw materials and wages, there ...
Rio Tinto is facing further problems in Mongolia, where is it developing a giant copper and gold deposit. Turquoise Hill Resources , the Canadian-listed company through which Rio controls the Oyu Tolgoi ...
The Chinese government’s efforts to rein in real estate speculation seem to be paying off. According to the latest data, housing prices in December 2017 dropped on a yearly basis in nine of the 15 major cities in China. Banks in China have started raising costs for home loans and are restricting the credit supply.
** At least three bidders are expected to submit final offers for global miner Rio Tinto's Hail Creek and Kestrel coal mines in Australia, which could fetch up to $2.5 billion, people familiar with the process said. ** GKN and Dana Incorporated agreed a $6.1 billion deal to merge GKN's automotive business with U.S.-based Dana as the British firm looks to fend off a hostile bid from Melrose Industries. ** China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV's China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said.
Have Markets Been Harsh on Alcoa This Year? As noted in the previous articles, Alcoa (AA) has seen negative price action in 2018 amid the weakness in base metals. The broader sell-off in the equity markets and Alcoa’s 4Q17 earnings miss haven’t helped the stock either.
Vale’s CFO, Luciano Siani Pires, said during Vale Day on December 6, 2017, that the company deserves a rerating of its valuation. Currently, Vale (VALE) has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 6.2x, which is a discount of 3.1% to its past five-year average multiple.
Vale (VALE) has considerably reduced its net debt in 2017. The company was guiding for a net debt of $15.0 billion–$17.0 billion by the end of 2017. Vale recorded net proceeds of $3.7 billion from the sale of its fertilizer assets, which were received in January 2018.
Vale SA (VALE) released its 4Q17 results on February 27 after the markets closed. While the company’s 4Q17 net profit rose 47% year-over-year (or YoY), its earnings per share (or EPS) of $0.36 missed analysts’ expectations by $0.07. Higher iron ore and base metals (COMT) prices boosted Vale’s profitability, but higher costs and foreign exchange–related losses led to the miner missing consensus estimates.
An Australian regulator said it has started legal action against Rio Tinto and two former executives, alleging they deceived investors over Mozambique coal assets bought for $4 billion in 2011 and sold ...