|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||43.21 - 44.37|
|52-week range||25.11 - 49.28|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||36.44|
|Earnings date||07 Feb 2020|
|Forward dividend & yield||0.75 (1.68%)|
|Ex-dividend date||05 May 2020|
|1y target est||46.18|
Glencore signed a five-year deal to supply battery maker Samsung SDI with up to 21,000 tonnes of cobalt, the miner and trader said on Monday. In the last year, Glencore has agreed cobalt supply deals with battery maker SK Innovation, China's GEM Co Ltd, Umicore and BMW. Glencore produced 46,300 tonnes of cobalt in 2019, up 10% from the previous year and but expects to churn out 29,000 tonnes this year after shutting as its Mutanda mine in the Democratic Republic of Congo.
Could Umicore SA (EBR:UMI) be an attractive dividend share to own for the long haul? Investors are often drawn to...
European shares logged their best day in three weeks on Friday, as upbeat data out of major eurozone economies, as well as positive rhetoric on a U.S.-China trade deal, ended a dour week on a positive note. All but one of the European sub-sectors ended higher. U.S. President Donald Trump said a trade deal with China is "potentially very close".
"We categorically deny any interest in Umicore," said a spokesperson for Total. Umicore's shares had briefly jumped up by as much as 9.5% after an FT Alphaville report of possible bid interest from Total, but the stock then lost ground. Umicore shares were down 0.9% by 1350 GMT.
Measuring Umicore SA's (ENXTBR:UMI) track record of past performance is an insightful exercise for investors. It...
Umicore (EBR:UMI) shares have had a really impressive month, gaining 32%, after some slippage. But shareholders may...
European shares closed little changed on Tuesday on persistent growth worries and as London stocks succumbed to heightened Brexit uncertainty after the Supreme Court ruled that the British prime minister's suspension of parliament was unlawful. The pound rallied as the Court's decision was seen as reducing the probability of Britain leaving the European Union without a divorce deal or possibly delaying Brexit. The currency's rally saw the FTSE 100 give up 0.5% as firms that earn much of their revenue in dollars fell.
German specialty chemicals maker Wacker Chemie on Thursday said it had bought a quarter in British battery materials maker Nexeon Ltd. No financial details were disclosed. Nexeon makes silicon-based anode materials that improve the performance of lithium-ion batteries, Wacker Chemie said, adding the investment would intensify "its research activities on silicon-based materials for high-performance batteries".
Cobalt prices have started to firm after Glencore announced plans to freeze output at the world's largest mine of the battery material, but traders say an overhang of stock held by the commodity trader and miner will inevitably cap gains. Glencore said its Mutanda mine in the Democratic Republic of Congo will be put on "care and maintenance" from the end of this year for an expected two years as the economic rationale for keeping it going had deteriorated. Cobalt prices on the London Metal Exchange are near their lowest since October 2016, having crashed to $27,800 a tonne or $12.60 a lb from levels near $100,000 a tonne or $45 a lb in May last year.
"Our operating performance and strong balance sheet enable us to forcefully pursue growth investments and R&D programs and to confirm our dividend policy," Chief Executive Marc Grynberg, said. Umicore, supported by the ramp-up of capacity in Poland and China, expects to outperform the underlying market. The company's performance in the first six months was boosted by market share gains in light duty gasoline applications, the growing penetration of gasoline particulate filters and growth in precious metals chemistry, it said in a statement.
Johnson Matthey on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit's head, sending its shares down more than 3%. Shares of the FTSE 100 company was the biggest loser on London's blue-chip index. The moves follow scrutiny of Johnson Matthey's catalytic filters for trucks, which have been linked to emission issues at truckmakers Volvo and Cummins.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Assessing Umicore SA's (EBR:UMI) past track record of performance is a valuable exercise for investors. It enables us...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Mid-caps stocks, like Umicore SA (EBR:UMI) with a market capitalization of €7.8b, aren’t the focus of...
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Following Umicore's profit warning, 5-star analyst Berenberg cuts to "hold" saying "the bad news ...