|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||13.20 - 13.36|
|52-week range||7.47 - 13.57|
|PE ratio (TTM)||13.22|
|Forward dividend & yield||0.41 (3.07%)|
|1y target est||13.47|
Among the miners we’re discussing in this series, Vale SA (VALE) has the highest percentage of “buy” ratings at 65.2%. Many factors have contributed to the positive shift in the overall sentiment for Vale. The stock’s target price has risen 71% in the last year due to the positive turnaround of the company’s fundamentals. Vale’s peers (XME) Rio Tinto (RIO) (TRQ) and BHP Billiton (BHP) haven’t seen such growth in their target prices.
Rio Tinto (RIO) (TRQ) stock returned a positive 37.6% in 2017. As we noted earlier in this series, some of the positives have now become so obvious that analysts have downgraded Rio, saying that these positives have already been priced in to its stock. Let’s take a look at the company’s revenue and earnings estimates.
The majority of ratings for BHP Billiton (BHP) are “buys,” with 61% of analysts recommending as much on the stock. The consensus target price for BHP is $30.0, which implies a potential downside of -3.1% based on its current market price. BHP’s most recent rating change came from JPMorgan Chase (JPM), which upgraded the stock from an “underweight” to a “neutral” on December 14, 2017.
Increased mining yield, lower debt and improving iron-ore prices anticipated to boost Vale S.A.'s (VALE) near-term competency. However, headwinds might impede growth.
Teck Resources’ 2018 Outlook: Can the Uptrend Continue? Coking coal (BHP), which is used in steel production, has been the key earnings driver for Teck Resources (TECK) for the last few quarters. Chinese demand is the key driver of seaborne coking coal and iron ore prices (RIO) (VALE).
Currently, the last three-month stock returns for all major iron ore and US steel companies have been positive. U.S. Steel (X) has given the highest positive return of 37.4%. Steel Dynamics (STLD) follows with a return of 25.6%.
To understand the usage outlook for steel in China, we’ll analyze China’s property and auto sector sales in this article. China’s property sector is a steel-intensive market—consuming approximately 50% of overall steel in the country—followed by the automotive industry. The recent indicators from China are signaling a slowdown in the Chinese property market.
While analyzing iron ore demand, it is vital to track Chinese demand, since it consumes more than half of the seaborne-traded iron ore (COMT). In this article, we’ll discuss iron ore imports and Chinese steel production to assess its future outlook. China imported 94.5 million tons of iron ore in November 2017, which is an increase of 2.8% year-over-year (or YoY) and 18.9% sequentially.
The industrial metals and mining stocks ended 2017 on a strong note, and the reason may change the way investors look at the sector.
The China Association of Automobile Manufacturers originally forecast 5.0% growth in total vehicle sales for 2017.
Due to the government’s efforts to fight pollution in winter months, steel prices in China have hit a nine-year high in the first week of December 2017.
Overall, China’s steel production in 2017 was strong, which was mostly supported by higher steel prices and firm demand.
Vale SA (VALE3.SA) is in talks with BHP Billiton Ltd (BHP.AX) over the future of their joint venture, Samarco Mineração SA, and one alternative is for the Brazilian miner to buy out its partner, a source with knowledge of the matter said on Wednesday. Samarco has not operated since November 2015 after flood waters inundated a dam designed to hold back mine waste, causing it to burst and flood nearby towns. Nineteen people were killed in what was Brazil's worst environmental disaster.
Vale SA is in talks with BHP Billiton Ltd over the future of their joint venture, Samarco Mineração SA, and one alternative is for the Brazilian miner to buy out its partner, a source with knowledge of the matter said on Wednesday. Samarco has not operated since November 2015 after flood waters inundated a dam designed to hold back mine waste, causing it to burst and flood nearby towns. Nineteen people were killed in what was Brazil's worst environmental disaster.
Miners (GNR) producing high-grade ore—such as Rio Tinto (RIO), Vale (VALE), and BHP (BHP)(BBL)—are enjoying higher premiums.