|Bid||3,430.00 x 30000|
|Ask||3,520.00 x 26800|
|Day's range||3,454.50 - 3,515.50|
|52-week range||2,253.50 - 3,718.50|
|PE ratio (TTM)||13.69|
|Earnings date||2 Aug 2017|
|Dividend & yield||2.51 (5.53%)|
|1y target est||49.32|
SYDNEY/LONDON, July 27 (Reuters) - Glencore said on Thursday it had signed agreements to buy a 49 percent stake in coal mines in Australia's Hunter Valley for just over $1.1 billion, getting a share of assets it was expected to miss out on to China's Yancoal. Glencore has long wanted Rio Tinto (Hanover: CRA1.HA - news) 's Hunter Valley Operations (HVO) but Yancoal Australia (Frankfurt: A1JZHX - news) was confirmed last month as the preferred bidder for Rio's Australian Coal & Allied division, which owns the mines. Glencore said on Thursday, however, it would buy a 16.6 percent stake in HVO from Yancoal and 32.4 percent from Mitsubishi Corp (LSE: 7035.L - news) , and then form a joint venture to run the mines with Yancoal, which will keep a 51 percent stake.
This week's iron ore shipments increased to 22.5 million tons, down from last week's 23.5 million but below the year's weekly average of 22.7 million tons. AB Bernstein analysts Paul Gait, Catherine Tubb ...
With the company's financial metrics continuing to head in the right direction during the second quarter, it could lead to a big announcement down the road.