|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||56.19 - 56.93|
|52 Week Range||37.66 - 59.25|
|PE Ratio (TTM)||11.62|
|Forward Dividend & Yield||2.20 (4.05%)|
|1y Target Est||61.00|
On April 18, BHP Billiton (BHP) released its operational review of the nine months ended March 2018. Iron ore (PICK) volumes are key to BHP Billiton’s revenues and earnings, as iron ore is the largest commodity produced by the company.
Alcoa (AA) released its 1Q18 earnings on April 18, 2018, after the markets closed. The company reported revenues of $3.09 billion in 1Q18—compared to $3.17 billion in 4Q17 and $2.65 billion in 1Q17. Alcoa’s 1Q18 earnings were better than expected.
BHP Billiton (BHP) trims iron-ore output guidance for fiscal 2018. Northward movement in the price of this major steel-making product is expected to drive the company's performance.
Grasberg issues could dominate Freeport’s 1Q18 earnings call. There are several uncertainties over Freeport’s Indonesia operations. See Uncertainties Surround Freeport’s Indonesia Operations to look at the issues Freeport is grappling in Indonesia. The Grasberg issues could also be affecting Freeport’s valuation.
In the previous part of this series, we noted that Freeport-McMoRan (FCX) expects its 1Q18 copper shipments to be similar to the sequential quarter. Meanwhile, for commodity producers Antofagasta (ANTO), Southern Copper (SCCO), and Rio Tinto (RIO)(TRQ), commodity prices have a higher impact on earnings than shipments. In this article, we’ll see how commodity prices played out in 1Q18 amid the US-China trade war and how it could impact Freeport’s financial performance.
Freeport-McMoRan (FCX) is scheduled to release its 1Q18 earnings on April 24. In this article, we’ll see what analysts are projecting for Freeport’s 1Q18 revenues. Freeport managed to beat its revenue estimates by a wide margin in the last two consecutive quarters.
Freeport-McMoRan (FCX), the leading US-based copper miner, is slated to release its 1Q18 earnings on April 24. Teck Resources (TECK) is also expected to release its quarterly earnings on the same day, followed by First Quantum Minerals’ (FM) earnings release on April 26. Since it’s quarterly earnings season, diversified miners including BHP Billiton (BHP) will likely only release their operational data, as these companies only release their half-yearly and annual financial results.
The Alouette aluminum smelter in Canada, the biggest in the Americas, does not plan to declare force majeure, a spokeswoman said on Wednesday, denying a market rumor. There was speculation in the market that Alouette may have to take the measure due to a shortage of raw material alumina. "We have not declared force majeure and we do not intend to declare it either," a spokeswoman told Reuters.
Workers on strike at a mine operated by Iron Ore Company of Canada rejected a new labor agreement, minor stakeholder Labrador Iron Ore Royalty Corp said on Wednesday. Shares of Labrador Iron Ore, which ...
U.K. stocks rose for a second straight day on Wednesday, boosted by a strong performance in the basic resources sector after an upbeat trading update from mining giant Rio Tinto. Traders were also waiting for U.K. inflation data due at 9:30 a.m. London time, or 4:30 a.m. Eastern Time, which could weaken or strengthen the case for a Bank of England interest-rate rise next month. On Wednesday, however, the FTSE was less driven by the sterling action and instead boosted by corporate news.
PLC (RIO) said quarterly exports of iron ore from its Australian mines rose 5% on-year because of fewer weather-related setbacks and continued productivity improvements, although shipments fell 11% on the quarter immediately prior. The Anglo-Australian company, one of the world’s top iron-ore exporters, reported iron ore shipments of 80.3 million metric tons from Australia’s western Pilbara region in the three months through March. “Production benefited from fewer weather disruptions than the first quarter of 2017, along with the ramp up of Silvergrass and the continuing implementation of productivity improvements across the integrated system,” the miner said.
Global miner Rio Tinto on Wednesday flagged possible changes to its 2018 aluminium output following U.S. sanctions on its Russian partner Rusal earlier this month. Rio, which reported a 5 percent rise in first-quarter iron ore shipments in the March quarter, has declared force majeure on some customer contracts after U.S. sanctions on UC Rusal , the world's second biggest aluminium producer. Rio kept its forecast for aluminium production steady in its first quarter production report.
"We delivered a solid operational performance across most commodities in the first quarter of 2018," Rio Tinto Chief Executive Jean-Sebastien Jacques said in a statement. The Anglo-Australian miner maintained its iron ore production guidance for this year of 330 million to 340 million tonnes. Rio Tinto also held its 2018 copper guidance, but said its aluminium forecast of 3.5 to 3.7 million tonnes would be adjusted after it completed the sale of some smelters.
Alcoa is scheduled to release its 1Q18 earnings on April 18. In the previous articles, we’ve seen what analysts are projecting for Alcoa’s 1Q18 earnings and the key updates that markets might watch for in the company’s 1Q18 earnings call. Let’s now see how analysts are rating the stock ahead of its 1Q18 earnings release.
In the previous article, we saw what analysts are projecting for Alcoa’s (AA) 1Q18 earnings. In this part, we’ll look at the key updates that markets might watch for in Alcoa’s 1Q18 earnings call. The macro environment has been quite volatile for aluminum.
Alcoa’s (AA) 1Q18 earnings are expected on April 18. Bauxite, alumina, and aluminum are the three key commodities that Alcoa sells. Analysts polled by Thomson Reuters expect Alcoa to post revenues of $3.08 billion in 1Q18.
Alcoa (AA) is scheduled to release its 1Q18 earnings on April 18. Overall, 2018 is turning out to be a volatile year for Alcoa and other aluminum producers like Century Aluminum (CENX), Rio Tinto (RIO), and Norsk Hydro (NHYDY).
Cleveland-Cliffs (CLF) announced on April 6, 2018, that it expects to close its Australian operations by June 30, 2018. The main factors driving this decision were as follows: the increasingly discounted prices for lower-content iron ore the quality of the remaining iron ore reserves at its Asia-Pacific operations the lack of a legitimate offer from a qualified buyer
While Cleveland-Cliffs’ (CLF) Asia-Pacific Iron Ore (or APIO) segment doesn’t contribute much to its revenue and earnings, it still accounts for many of its stock price movements via changes in seaborne iron ore prices.
Rio Tinto said it will declare force majeure on certain customer contracts after the U.S. imposed sanctions on its partner Russian aluminium producer Rusal . Rio also said it was reviewing Rusal's 20 percent stake in the Queensland Alumina refinery, Rusal's supply and offtake arrangements, bauxite sales to Rusal's refinery in Ireland and offtake contracts for alumina. The United States imposed sanctions last week against Russian entities and individuals, including Rusal, to punish Moscow for its alleged meddling in the 2016 U.S. election and other "malign activity".
President Trump has imposed sanctions on some Russian entities, including RUSAL. The company was once the largest global aluminum producer and is still a major player in aluminum markets, accounting for almost 6% of global aluminum production. Not surprisingly, aluminum prices rose sharply after the sanctions. Before, aluminum prices briefly dipped below $2,000 per metric ton amid the US-China trade war.
Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia (EIDO) with Rio Tinto (RIO) (TRQ) as a minority partner. While the mine is a crown jewel in Freeport’s portfolio due to its vast size and attractive unit cash costs, its operations have been surrounded by uncertainties. Let’s discuss these uncertainties in perspective.
Firstly, as China is the world’s largest copper consumer, anything negative for the Chinese economy is a bearish driver for industrial metals. BHP Billiton (BHP), Vale (VALE), and Rio Tinto (RIO) rely heavily on China’s metal appetite. A US-China trade war could impact the Chinese economy.
Rio Tinto defended its executive salary policy on Wednesday after proxy adviser Glass Lewis urged shareholders to vote against it and criticised the firm for paying out bonuses in 2017, a year when two employees died at work. Glass Lewis said any payout in a year when employees had died - one in Australia and one in the United States - was "considered a serious breach of moral and ethical code by many investors". Most of Rio's peers such as BHP , Newcrest Mining and Fortescue Metals Group generally pay no bonuses in years when there were employee deaths, it noted.
Whether markets are in a state of deficit or surplus is a function of both supply and demand. In this article, we’ll look at leading copper miners’ 2018 operating plans to gauge how copper supply could play out this year. According to CNBC, Codelco CEO Nelson Pizarro stated that the world’s largest copper miner expects to produce “slightly more than 1.7 million tonnes of copper in 2018.” Codelco produced 1.7 billion pounds of copper last year, and the company expects its 2018 copper production to be similar.