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Will Vale’s Strategy of Preserving Optionality in Nickel Work?
Vale’s (VALE) base metal (DBB) production, including nickel and copper production, was in line with its decision to lower its footprint by putting non-competitive mines on care and maintenance.
What Should Base Metal Companies Focus On?
The presidential election proved beneficial to the commodities market—especially the base metal asset class.
Lower Footprint in Base Metals to Boost Vale’s Profitability
Vale’s (VALE) base metal (DBB) production, including nickel and copper, was flat to lower in 2017 compared to 2016.
How Higher Base Metals Prices Supported Vale’s Earnings
Vale’s base metals production rose in 3Q17, with copper production jumping 16.0% and nickel production climbing 10.2% sequentially.
What Are Miners Doing to Strengthen Their Balance Sheets?
Almost all miners—including BHP Billiton (BHP), Rio (RIO), and Glencore (GLNCY)—have either reduced their dividends (SDOG) or scrapped them all together.
Why Analysts Are Bullish on BHP Billiton’s Fiscal 2018
After coming under pressure, iron ore prices have rebounded to reach ~$78 per ton.
BHP Billiton’s Fiscal 2017 Earnings: What Do Analysts Think?
Of the 18 analysts covering BHP Billiton (BHP), ten of them have issued a “buy” rating. Six of them have given BHP a “hold.”
What Could Drive BHP Billiton’s Copper Costs in Fiscal 2018?
BHP Billiton’s (BHP) copper production fell 16.0% in fiscal 2017 to 1.3 million tons.
What’s Vale’s Base Metals Outlook?
As we saw in the previous two parts of this series, Vale’s (VALE) iron ore and coal production increased sequentially in 2Q17.
Inside Norfolk Southern’s Freight in Week 28
CSX’s (CSX) overall railcar traffic rose 3.1% in the 28th week of 2017 (ended July 15).
What Just Happened to BHP Billiton’s Earnings Estimates?
Increasing inventories amid a strong supply outlook for iron ore is now taking a toll on prices.
A Snapshot of Canadian Pacific Railway’s Week 19 Freight Traffic
Canadian Pacific Railway’s (CP) total carloads rose 24.7% in the week ended May 13, 2017. The company hauled more than 32,000 railcars in the week.
Canadian Pacific Railway: A Summary of Freight Traffic in Week 18
Canadian Pacific Railway’s (CP) total carloads rose 12.4% in the week ended May 6, 2017.
Coal Boosts Canadian Pacific’s Volumes in Week 17
Canadian Pacific’s carloads Canadian Pacific Railway’s (CP) total carloads rose 15.0% in the week ended April 29, 2017. The company hauled more than 34,000 railcars that week, similar to its total carloads in the corresponding week of 2016. CP’s railcars, excluding coal, rose 7.4% YoY (year-over-year) to settle at more than 27,000 units, compared with […]
Coal’s Rise Pushed Up Canadian Pacific’s Carloads in Week 16
Canadian Pacific Railway’s (CP) total carloads rose 14.0% in the week ended April 22, 2017. The company hauled more than 33,000 railcars that week.
Canadian Pacific Railway: Inside the Freight Volumes in Week 15
Canadian Pacific Railway’s (CP) total carloads rose 6.1% in the week ended April 15, 2017.
Canadian Pacific Railway: Overall Freight Traffic in Week 14
Canadian Pacific Railway’s (CP) total carloads rose to 5.0% in the week ended April 8, 2017.
Canadian Pacific: How Its Freight Volume Compared with Its Peers
Coal accounted for 11% of Canadian Pacific’s (CP) revenues and 12% of its carloads in 2016.
Canadian Pacific: How Its Carloads Compare with Canadian National
Canadian Pacific’s (CP) total carloads rose marginally 2.1% in the week ended March 25, 2017. The company hauled almost 32,000 railcars that week.
What Could the Chilean Joint Venture Mean for Goldcorp?
Cerro Casale has proven and probable gold reserves of 23.2 million ounces and 58.7 million ounces of silver reserves.
Did Coal Boost Canadian Pacific’s Carloads in Week 11?
Canadian Pacific’s (CP) total carloads fell 0.4% in the week ended March 18, 2017. The company hauled more than 31,000 railcars in the week.
Did Coal Push Up Canadian Pacific’s Carloads in the 10th Week?
Canadian Pacific’s (CP) total carloads rose a marginal 0.9% in the week ended March 11, 2017.
How Analysts View BHP Billiton after Its Strong Results
Of the 21 analysts covering BHP Billiton (BHP), seven analysts issued “buy” recommendations, 11 gave “hold” recommendations, and three gave “sell” recommendations on the stock.
What Led to the Steep Revision in Earnings Estimates for BHP Billiton?
BHP Billiton (BHP) has seen an upward revision of 32% in revenues and 83% in EBITDA in the past six months.
Analyzing Canadian Pacific’s Carloads in the 9th Week
Canadian Pacific’s (CP) total carloads fell a marginal 0.6% in the week ended March 4, 2017.
Unloading Canadian Pacific’s Latest Carloads
Canadian Pacific’s total carloads shrank 0.6% in the week ended February 25, reaching ~30,000 railcars.
BHP’s Fiscal 1H17 Results: What the Analysts Think
Of the 21 analysts covering BHP, seven analysts have issued “buy” recommendations, while 11 have “hold” recommendations.
What’s Driving BHP Billiton’s Copper Costs Now?
Unit cash production costs are a key metric for investors in the metals and mining space.
Boosted by Coal Volumes, Canadian Pacific’s Carloads Rose
Canadian Pacific’s carloads Canadian Pacific’s (CP) total carloads rose 6.5% in the week ended January 28, 2017. The company hauled 32,000 railcars that week, compared with 30,000 in the corresponding week of 2016. CP’s railcars, excluding coal, rose 3% to settle at 26,000 units in the third week of 2017, compared with ~24,600 railcars in the […]
How Does Freeport’s Balance Sheet Look Heading into 2017?
During its 4Q15 earnings conference call, Freeport mentioned a debt reduction program to raise $5 billion–$10 billion to shore up its balance sheet.
How Could Freeport’s Leverage Metrics Look in 2018?
According to the slides shared by Freeport during its 4Q16 earnings call, its net debt should fall to $9.4 billion if copper prices average $2.25 per pound in 2017.
In Times When Cash Is King, Where Does Freeport Stand?
In this article, we’ll look at Freeport’s 2016 cash flows and the 2017 guidance provided by the company.
Freeport-McMoRan’s 2017 Guidance: Everything You Need to Know
In this article, we’ll look at Freeport-McMoRan’s (FCX) 2016 EBITDA and the 2017 guidance provided by the company during its 4Q16 earnings call.
Will Freeport Be Able to Meet Its 2017 Cash Cost Guidance?
In this part of the series, we’ll look at Freeport-McMoRan’s (FCX) 2016 unit cash costs and the 2017 guidance provided by the company.
Why Freeport Expects Its Copper Shipments to Fall in 2017
In this article, we’ll look at Freeport-McMoRan’s (FCX) 2016 shipments and the 2017 guidance provided by the company.
How Do Analysts Rate Freeport after Its 4Q16 Earnings?
Freeport-McMoRan (FCX) released its 4Q16 earnings on January 25, 2017. In this article, we’ll take a look at analysts’ ratings for Freeport after its 4Q16 earnings release.
How Freeport’s 4Q16 Laid the Groundwork for a Solid 2017
Freeport-McMoRan (FCX) closed at $16.65 on January 31, 2017, rising 2.5% from its previous day’s close. 2016 was a remarkable year for the company.
BHP’s Improved Operating Environment and Earnings
Improved operating environment BHP Billiton’s (BHP) operating environment has significantly improved in the last year, mainly due to an increase and firming up of commodity prices between 2015 and 2016. As we’ve seen in the previous parts of this series, its production volumes, apart from those of copper, have also been quite strong. This combination of […]
A Look at Analysts’ Ratings for BHP Billiton
BHP’s consensus rating Of the 19 analysts covering BHP Billiton (BHP), four analysts have issued “buy” recommendations, 12 have “hold” recommendations, and three have “sell” recommendations on the stock. The consensus target price for the company is 27.50 Australian dollars, which implies a downside of 2% based on its current market price. Mining peers Freeport-McMoRan […]
Why Did BHP Reduce Its Copper Production Guidance?
Copper production Along with other commodities, copper gained in 2016, especially after Donald Trump’s win. Companies producing copper are still taking steps to increase production to lower costs. These companies include BHP Billiton (BHP) (BBL), Freeport-McMoRan (FCX), Teck Resources (TCK), Southern Copper (SCCO), and Newmont Mining (NEM). Copper volumes fell BHP’s total copper production for […]
What Were the Key Drivers of Freeport’s 4Q16 Profitability?
Previously, we looked at Freeport-McMoRan’s (FCX) 4Q16 revenue. In this article, we’ll look at key drivers of the company’s 4Q16 profitability.
Freeport-McMoRan’s 4Q16 Revenue: Everything You Need to Know
Freeport-McMoRan (FCX) posted revenue of $4.4 billion in 4Q16. In contrast, Freeport posted revenue of nearly $3.6 billion in 4Q15 and $3.9 billion in 3Q16.
Why the Market Gave a Thumbs Down to Freeport’s 4Q16 Earnings
Freeport-McMoRan (FCX), the world’s second-largest copper miner, released its 4Q16 financial results before the market opened on January 25, 2017.
Do Analysts See Value in Turquoise Hill Resources?
According to Reuters, TRQ has a mean one-year price target of 5.68 Canadian dollars (~$4.28), which is a 24.3% upside over its closing price on January 20.
How Are Analysts Rating Southern Copper This Earnings Season?
According to Reuters, Southern Copper has a mean one-year price target of $32.53, representing a 10.7% downside from its closing price on January 20.
How Are Analysts Seeing Teck Resources before Its 4Q16 Earnings?
Teck Resources (TCK) is expected to release its 4Q16 earnings on February 15. The stock gained ~550% in 2016.
How Are Analysts Rating Copper Producers This Earnings Season?
Freeport-McMoRan (FCX), the world’s second-largest copper mining company, is expected to release its 4Q16 earnings on January 25.
Freeport’s 4Q16 Call: Will There Be a Dividend Update?
Both Freeport-McMoRan’s (FCX) and Glencore (GLNCY) suffered from the same issues last year—falling commodity prices and higher leverage ratios (TCK).
Will BHP Billiton’s Estimates Keep Rising in 2017?
Analysts estimate BHP Billiton to deliver revenues of $37.9 billion for 2017—a fall of 1% YoY (year-over-year).
Inside BHP Billiton’s Recent Upgrades and Downgrades
Of the 19 analysts covering BHP Billiton (BHP), four analysts issued “buy” recommendations, while 12 issued “holds,” and three issued “sells.”
