56.27 0.00 (0.00%)
After hours: 7:42PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||55.91 - 56.49|
|52-week range||37.66 - 57.78|
|PE ratio (TTM)||16.41|
|Forward dividend & yield||2.20 (4.56%)|
|1y target est||58.46|
Among the miners we’re discussing in this series, Vale SA (VALE) has the highest percentage of “buy” ratings at 65.2%. Many factors have contributed to the positive shift in the overall sentiment for Vale. The stock’s target price has risen 71% in the last year due to the positive turnaround of the company’s fundamentals. Vale’s peers (XME) Rio Tinto (RIO) (TRQ) and BHP Billiton (BHP) haven’t seen such growth in their target prices.
Rio Tinto (RIO) (TRQ) stock returned a positive 37.6% in 2017. As we noted earlier in this series, some of the positives have now become so obvious that analysts have downgraded Rio, saying that these positives have already been priced in to its stock. Let’s take a look at the company’s revenue and earnings estimates.
Mining stocks did relatively well last year, but they're having a down day Tuesday. Part of the problem is Rio Tinto (RIO), which is falling after reporting fourth-quarter production results, including a 3% year-over-year increase in iron ore shipments, in line with guidance. Elsewhere, Deutsche Bank's Chris Terry and his team downgraded Vale (VALE) and Newmont Mining (NEM), weighing on those stocks.
Europe finished Monday's session slightly lower, amid a lighter trading day, as stocks paused for breath after two weeks of strong gains.
Alcoa (AA), the leading US-based aluminum producer, is expected to release its 4Q17 earnings on January 17 after the markets close. In this final part of our series, we’ll see how analysts are rating the stock ahead of the 4Q17 earnings release. According to consensus estimates compiled by Thomson Reuters, Alcoa carries a mean one-year price target of $56, which represents a 0.3% downside over its closing price on January 10.
In this article, we’ll see what the market would like to hear on Alcoa’s 4Q17 earnings call. For metal and mining companies (RIO)(AWC) like Century Aluminum (CENX) and South32 (S32), the macro environment—which includes metal and raw material prices—is equally if not more important than company-specific factors. Speaking of aluminum, we’ve seen that prices are sensitive to China’s demand-supply dynamics.
Teck Resources’ 2018 Outlook: Can the Uptrend Continue? Teck Resources (TECK) is trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 5.4x, based on its 2018 expected EBITDA. Teck Resources is trading at a discount compared to some of the other mining companies.
Alcoa’s (AA) 4Q17 earnings are expected on January 17. Notably, for mining companies, sales are a function of external shipments and commodity prices. Bauxite, alumina, and aluminum are the key commodities that Alcoa sells.
Teck Resources’ 2018 Outlook: Can the Uptrend Continue? Coking coal (BHP), which is used in steel production, has been the key earnings driver for Teck Resources (TECK) for the last few quarters. Chinese demand is the key driver of seaborne coking coal and iron ore prices (RIO) (VALE).
Freeport-McMoRan’s 2018 Outlook: Can It Continue Its Dream Run? Freeport-McMoRan (FCX) rose 43.7% last year. In the previous parts of this series, we looked at some factors that could impact Freeport in 2018.
Freeport-McMoRan’s 2018 Outlook: Can It Continue Its Dream Run? Freeport-McMoRan (FCX) has managed to cut its net debt by more than half over the last two years. Freeport used its organic cash flows to strengthen its balance sheet.
Freeport-McMoRan’s 2018 Outlook: Can It Continue Its Dream Run? In August 2017, Freeport-McMoRan (FCX) announced a framework with the Indonesian government (EIDO). Under the terms of that framework, Freeport agreed to construct a smelter in Indonesia within five years.
To understand the usage outlook for steel in China, we’ll analyze China’s property and auto sector sales in this article. China’s property sector is a steel-intensive market—consuming approximately 50% of overall steel in the country—followed by the automotive industry. The recent indicators from China are signaling a slowdown in the Chinese property market.
Most of the hype centers on passenger vehicles and tractor trailers, but autonomous vehicles could revolutionize mining.
While analyzing iron ore demand, it is vital to track Chinese demand, since it consumes more than half of the seaborne-traded iron ore (COMT). In this article, we’ll discuss iron ore imports and Chinese steel production to assess its future outlook. China imported 94.5 million tons of iron ore in November 2017, which is an increase of 2.8% year-over-year (or YoY) and 18.9% sequentially.
Freeport-McMoRan’s 2018 Outlook: Can It Continue Its Dream Run? Last year, we saw significant supply-side disruptions at leading copper mines. Toward the end of the year, we saw labor unrest at one of Teck Resources’ (TECK) copper mines.
The industrial metals and mining stocks ended 2017 on a strong note, and the reason may change the way investors look at the sector.
BHP’s Minerals Australia’s president, Mike Henry, stated that iron ore and coking coal (KOL) prices should sharply rebound before February 2018 as buyers replenish their stocks.
High-yield stocks have gotten harder to find in the current bull market, but these three should please even the pickiest income investors.