Credit Suisse restarts Glencore at outperform, raises target on Anglo American
30th Jun 2016 15:22
(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process. The outlook continued to be cloud
Read moreFerrexpo shares sag after news of overdue $10m VAT receivable
19th May 2016 12:43
(ShareCast News) - Shares in Ferrexpo were down almost 6% as investors in the the iron-ore pellet producer soured following news it has an overdue $10 million VAT receivable that was due for repayment at end-April. The news came as the group issued a generally chipper trading update for first-quarte
Read moreCantor doubles Ferrexpo target price to 79p
21st Mar 2016 12:38
(ShareCast News) - Cantor Fitzgerald has doubled its target price for Ferrexpo, after recent results from the iron ore pellet producer beat market consensus and the company became the lowest-cost pellet producer in the world. Ferrexpo reported a new production record and that it had preserved its pr
Read moreInvestec downgrades BHP Billiton, Anglo American, Ferrexpo
20th Jan 2016 09:08
(ShareCast News) - Investec cuts its ratings on BHP Billiton, Ferrexpo and Anglo American and slashed its price targets, as it took a look at the mining sector, downgrading its commodity price forecasts. "Current market conditions represent the perfect storm for commodities given that demand is fall
Read moreFerrexpo tumbles as transactional bank goes bankrupt
18th Sep 2015 08:42
(ShareCast News) - Shares in Ferrexpo tumbled on Friday after the iron ore producer with assets in Ukraine said its transactional bank in that country has been declared insolvent. Ferrexpo said Bank F&C had been declared insolvent by its largest shareholder, Kostyantin Zhevago. "The board of Ferrex
Read moreInvestec downgrades Glencore as it reviews mining sector
10th Aug 2015 10:15
(ShareCast News) - Investec cut Glencore to 'sell' from 'buy' as it revised equity target prices on a number of mining stocks following further weakness in the Chinese economy and downgrades to its commodity price deck. "The increasing problems in China have caused us to reassess our commodity price
Read moreFerrexpo posts record production of premium iron ore pellets
3rd Jul 2015 07:32
Iron miner Ferrexpo said on Friday that pellet production grew in the second quarter and in the first half as it reached record production of premium 65% iron ore pellets, which made up 89% of volumes. The company said that out of total production, higher-grade 65% iron ore pellets were up 92.6% fro
Read moreFerrexpo receives $41.8m from sale of Ferrous Resources stake
9th Jun 2015 15:28
Ferrexpo has received $41.8m following the completion of its disposal from its stake in Ferrous Resources. The iron ore company announced back in April that it was selling its entire 15.1% stake in the iron ore company to IEP Ferrous Brazil. Ferrexpo previously said the sum received would represent
Read moreBroker tips: Mining stocks, HSBC, BG Group, Pearson
13th Apr 2015 12:19
Citigroup downgraded its stance on the UK metals and mining sector on Monday to 'neutral' from 'bullish' after cutting its short and medium term outlook for iron ore. Citi now expects iron ore price to $45 per tonne in 2015 and $40 per tonne in 2016 and said "upside in the sector is now capped". Th
Read moreUBS slashes iron ore forecasts, downgrades Ferrexpo to 'sell'
13th Apr 2015 10:43
UBS has lowered its stance on miner Ferrexpo from 'neutral' to 'sell', saying it now expects iron ore to suffer a "super down cycle". The bank has lowered its iron ore price forecast by 20-30% to $48-55 a tonne at 62% Fe for 2015-2019. It has also slashed its long-term estimate (beyond 2020) by 27%
Read moreSector movers: Miners rise on Ukraine ceasefire deal, Rio Tinto jumps
12th Feb 2015 14:47
Mining stocks gained on Thursday, benefitting from an increase of risk appetite across financial markets as tensions between Ukraine and Russia eased, while Rio Tinto impressed with its annual results. Russian president Vladimir Putin on Thursday morning confirmed that the country had reached a ceas
Read moreFerrexpo lowers costs but results hit by iron ore plunge
19th Jan 2015 07:57
Ukraine-focused iron ore producer Ferrexpo said revenues and profits for the first three quarters of 2014 were slightly behind the prior year, though results were slightly better than analysts had feared. The company reported turnover of $1,079m for the nine months to 30 September, down from $1,109m
Read moreFerrexpo´s production to take hit from lack of power supplies
22nd Dec 2014 07:33
Power restrictions in Ukraine during the peak demand hours of the day will impact Ferrexpo´s production of iron -ore pellets, although authorities are introducing measures to address the current situation. In December, total pellet production is expected to be 140,000 tonnes lower than planned. Over
Read moreSector movers: Evraz leads industrial metals higher as Russia halts rouble slide
17th Dec 2014 16:10
An afternoon comeback for UK markets was led by gains in the resources sector, with industrial metals and mining stocks rebounding strongly after some heavy losses the previous session. Iron ore, copper and nickel producers dropped on Tuesday as metal prices fell on the back of concerns about a slow
Read moreSector movers: Industrial miners hit as metal prices fall on Chinese woes
16th Dec 2014 15:08
Data from China showing that factory output declined pressured London's industrial metals and mining sector lower on Tuesday as commodity prices fell. Miners such as Zanaga Iron Ore, URU Metals, Evraz, Ferrex, First Quantum Minerals and Ferrexpo were all trading with losses in afternoon trade. HSBC
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