Wednesday broker round-up
25th Jan 2017 09:59
(ShareCast News) - Paddy Power: Barclays reiterates Overweight with a target price of 110p. Reckitt Benckiser: Berenberg upgrades to Buy with a target price of 7,900p. Crest Nicholson: Deutsche Bank reiterates Hold with a target price of 564p. BT Group: Citi reiterates Buy with a target price of 4
Read moreSector movers: Miners pace gains
24th Jan 2017 16:08
(ShareCast News) - Shares in Anglo American stood out on news that De Beers had reaped $720m in rough diamond sales from the first cycle of 2017. This was 32% ahead of the $545m in the same cycle last year and 70% up on the last cycle of 2016. Analysts at Credit Suisse said the results suggested en
Read moreRio Tinto agrees $2.45bn Coal & Allied sale to Yancoal Australia
24th Jan 2017 09:03
(ShareCast News) - Rio Tinto has agreed the $2.45bn-plus-royalties sale of its Coal & Allied Industries thermal coal business in New South Wales to Yancoal Australia. Rio will receive an initial $1.95bn cash payment payable at completion plus $500m in deferred cash payments payable over five years f
Read moreWednesday broker round-up
18th Jan 2017 09:48
(ShareCast News) - Hochschild Mining: RBC Capital Markets reiterates Outperform with a target price of 290p. Pearson: Liberum reiterates Sell with a target price of 470p. IG Group: Barclays reiterates Overweight with a target price of 612p. British American Tobacco: Citi reiterates Buy with a targ
Read moreRio Tinto hails strong 2016 as iron ore production hits target
17th Jan 2017 07:13
(ShareCast News) - Mining giant Rio Tinto hailed a strong operational performance in 2016 with an on-target increase in iron ore production. Pilbara iron ore production gained 6% to 329.5m tonnes in the year ended 31 December 2016, with iron ore shipments up 3% to 327.6m tonnes. In 2017, Rio Tinto'
Read moreSector movers: Miners higher on HSBC upgrades
16th Jan 2017 14:50
(ShareCast News) - Miners paced gains in the market following multiple upwards target price revisions from analysts at HSBC on LSE-listed copper miners and diversified miners. In the case of the former, the broker's analysts said they had raised their copper price forecast from 2017 onwards by betwe
Read moreHSBC lifts target prices on diversified miners
16th Jan 2017 13:54
(ShareCast News) - HSBC revised its target prices higher for the largest of the diversified miners, telling clients it now expected a decline in commodity prices to be less pronounced that it had previously foreseen. Furthermore, China's decision to reduce its output of coal was now projected to hav
Read moreSector movers: Miners rise on Chinese lending data, US dollar weakness
12th Jan 2017 15:00
(ShareCast News) - Mining stocks were again in favour on Thursday as metals´ prices continued to gain in overnight trading on the heels of stronger than expected lending data for Asia´s largest economy and positive newsflow on specific commodities. Continued selling in the US dollar after the Presid
Read moreTuesday newspaper round-up: Brexit transition, hiring, Rio Tinto, Glencore
13th Dec 2016 07:05
(ShareCast News) - Philip Hammond has conceded that there is likely to be a transition period after formally leaving the European Union in 2019 to ease Britain's exit. The chancellor said that a temporary arrangement following the two years of Article 50 negotiations was in both the UK and the EU's
Read moreSector movers: Miners jump, banks not far behind
7th Dec 2016 15:42
(ShareCast News) - Miners were higher, boosted by news that Chinese authorities would reduce polluting steel-scrap processing in 2017 and ahead of options declarations on the LME, on Wednesday. The news out of China pushed steel rebar futures up from $489.4 per tonne to $495.00 in Shanghai. Spot ir
Read moreCredit Suisse shifts preference to Rio Tinto from BHP Billiton
7th Dec 2016 08:59
(ShareCast News) - Credit Suisse upgraded Rio Tinto to 'outperform' from 'neutral' and raised its price target to 3600p from 2750p, while simultaneously bumping down BHP Billiton to 'neutral' from 'outperform' with its price target raised to 1380p from 1300p. Looking into 2017, the bank have switche
Read moreCitigroup turns bullish on Western European miners
5th Dec 2016 11:12
(ShareCast News) - Citigroup adjusted its ratings on a number of mining stocks on Monday as it upgraded its view on the Western European metals and mining sector to 'bullish' from 'bearish'. The bank said it now sees a more robust outlook for next year for the commodity complex, especially the bulks
Read moreRio Tinto confirms US probe into Mozambique coal deal
1st Dec 2016 07:29
(ShareCast News) - Rio Tinto confirmed on Thursday that it is cooperating with inquiries from the relevant authorities relating to the impairment included in the company's 2012 accounts in respect of Rio Tinto Coal Mozambique. The statement followed a report in earlier in the week in the Financial T
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreFriday broker round-up
25th Nov 2016 17:30
(ShareCast News) - Essentra: Jefferies keeps at buy with a target price of 445p. Rio Tinto: HBSC stays at buy 3300p target. Legal & General: Berenberg reiterates buy with a 301p target. Jardine Lloyd Thomson: HSBC reiterates buy with a 1100p target. Diageo: Credit Suisse keeps at outperform with
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