Investec 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
Read moreFTSE 250 movers: Mining companies hit by pessimistic analysis from Credit Suisse
15th Dec 2014 14:16
Soco International, Afren and EnQuest all rose on Monday after a slight rebound early on in crude futures. That came after Libya declared "force majeure" at two key ports over the weekend, shutting down export capacity equivalent to 560,000 barrels per day. That seemed to give the energy sector a bo
Read moreBarratt Developments and Taylor Wimpey set to join Footsie
4th Dec 2014 08:53
Overnight FTSE announced the results of its quarterly review of the constituents for its UK index series. IMI and Petrofac are to leave the top flight index, with Barratt Developments and Taylor Wimpey set to take their place. Meanwhile, and on the FTSE 250, Barratt Developments, Taylor Wimpey,
Read moreSector movers: Miners sideswiped as Chinese manufacturing stagnates
20th Nov 2014 14:32
UK-listed mining stocks were bearing the brunt of the selling pressure on Thursday as disappointing economic data from across the globe - China in particular - hit market sentiment. Resource shares, often sensitive to news-flow from top metals user China, took a hit when it emerged that the nation's
Read moreFTSE 250 Movers: Miners hit by Chinese data, Inmarsat boosted by new partnership
20th Nov 2014 14:26
Kaz Minerals' shares plummeted alongside other mining companies Ferrexpo, Lonmin, Vedanta, Evraz Hochschild Mining who took a hit following the release of unfavourable Chinese manufacturing data early on Thursday. The slowdown in the pace of manufacturing growth and wider economic concerns caused re
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
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