Precious metals saw a sudden upswing in their prices due to the recent geopolitical unrest in Syria and North Korea.
As of April 18, 2017, gold and silver have risen 12% and 14.8%, respectively, year-to-date.
Mining stocks react Precious metals saw a sudden upswing in their prices due to geopolitical unrest in Syria and North Korea. Consequently, precious metal mining stocks and funds rose. Meanwhile, investors…
Precious metal funds As investors analyze which mining stocks are most closely linked to gold, it’s also important that they consider miners’ technical indicators. There are many important indicators that…
Mining stocks and precious metals As global tumult grips markets and investors are turning to mining stocks as safe havens, it’s crucial to understand which stocks are closely tied to…
US dollar drops Besides geopolitical news, another important factor that has contributed to the rise of gold is the fall of the US dollar. The US dollar (UUP), depicted by the…
Gold rose again on April 17 as the US dollar experienced weakness due to simmering tensions between the United States and North Korea. This series will look at where precious metals and miners are headed.
Crude oil prices fell as low as 4% on Wednesday and reached the lowest levels in more than two weeks amid a rise in gasoline inventory levels.
Cliffs Natural Resources’s (CLF) CEO, Lourenco Goncalves, mentioned during the 4Q16 earnings call that the company expects to generate $550 million of free cash flow in 2017.
Cliffs Natural Resources (CLF) is trading at a forward EV-to-EBITDA multiple of 9.8x, which is in line with its trailing five-year average.
Cliffs Natural Resources’s (CLF) net debt fell 23% in 2016 to ~$1.9 billion at the end of 2016.
Cliffs Natural Resources (CLF) has guided for 19 million tons of US volumes in 2017 compared to the actual volume of 18.3 million tons for 2016.
CLF’s estimated EBITDA for 2017, according to analysts, is $655 million. This implies 84% year-over-year growth and a margin of 25.8%.
Cliffs Natural Resources (CLF) has guided for EBITDA of $850 million for 2017.
Cliffs Natural Resources (CLF) has “buy” recommendations from 13% of analysts covering the stock and “sell” recommendations from another 25% of these analysts. About 63% of analysts recommend a “hold.”
Cliffs Natural Resources’s (CLF) average realized price in 4Q16 was $73.80 per ton.
Cliffs Natural Resources’s (CLF) US volumes totaled 6.9 million long tons in 4Q16, which represented impressive growth of 53% year-over-year as well as a 30% rise quarter-over-quarter.
In this series, we’ll see what investors could expect from Cliffs Natural Resources’s (CLF) 1Q17 results, which are scheduled to be released on April 27, 2017. CLF underperformed the other global iron ore miners in 1Q17.
Among North American intermediate gold miners, Agnico Eagle Mines (AEM) has the highest forward EV-to-EBITDA multiple of 13.2x.
IAMGOLD’s (IAG) 2016 results were mostly in line with market expectations. Its 2016 production of 813,000 ounces of gold was at the top end of its guidance range.