-
Goldman Sees Bleak Future For Copper
Wednesday, September 23, 2015 - 1:39pm | 389Read More...Goldman Sachs sees no relief in sight for slumping copper prices. Goldman predicts a major global copper surplus through at least 2019. Despite recent weakness, the firm sees several additional potential negative catalysts coming for copper in the next several months. A new report by Goldman...
-
Freeport-McMoRan Could Double On Copper, Oil Recovery And Mining Revamp
Wednesday, August 12, 2015 - 11:04am | 287Read More...In a report published Wednesday, Macquarie Research analyst Aldo Mazzaferro reiterated an Outperform rating on shares of Freeport-McMoRan Inc (NYSE: FCX) with an unchanged $22 price target after the company suggested it will raise up to $1 billion in equity by selling shares. Mazzaferro...
-
Goldman Sachs Slashes 2016 Copper Forecasts, Sees Demand Faltering
Thursday, July 23, 2015 - 2:45pm | 401Read More...Goldman Sachs analyst Eugene King penned a report this week that focused on the firm’s updated outlook for copper and copper-exposed stocks. Goldman sees both supply and demand pressures continuing to weigh on copper prices throughout 2016, and the firm reduced its price forecast for the...
-
What The Street Is Watching At Barrick Gold
Thursday, April 16, 2015 - 4:13pm | 335Read More...In a report published Wednesday, RBC Capital Markets analyst Stephen Walker speculated that Barrick Gold Corporation (USA) (NYSE: ABX) will report a weaker first quarter results quarter-over-quarter, primarily due to lower production at its mines. Walker is projecting the company will earn $0....
-
Amid Copper Selloff, Barclays Likes Southern Copper And Freeport-McMoRan
Friday, January 16, 2015 - 12:43pm | 215Read More...Barclays took a neutral position on the copper sub-sector in a report on U.S. Metals & Mining issued Thursday. Analyst Matthew J. Korn expected “the bullish impact of lower-than-expected metal supply to outweigh a slowdown in Chinese consumption growth and push copper prices higher....
-
Ron Insana On Seriousness Of A Global Deflation
Thursday, January 15, 2015 - 2:04pm | 385Read More...CNBC contributor and Marketfy Maven Ron Insana was recently seen discussing the seriousness of a global deflation and the impact of falling commodity prices. Markets: Undervaluing Risk Of A Global Deflation Or Taking It Seriously? When considering the markets stance toward a potential global...
-
Barclays Is Bullish On Steel Producers, Neutral On Copper Miners And Cautious On Coal Companies
Thursday, January 15, 2015 - 12:03pm | 299Read More...Matthew Korn of Barclays on Thursday commented that concerns on global growth and persistently weak commodity prices remain an overhang among the metals and mining group. Korn is bullish on steel producers given the producers exposure to an improving American steel demand that should offset the...
-
Credit Suisse Lowers Vale Price Target To Reflect Deflated Commodity Prices
Monday, December 15, 2014 - 10:40am | 256Read More...Ivano Westin of Credit Suisse on Monday maintained an Underperform rating on shares of Vale SA (ADR) (NYSE: VALE) with a price target lowered to $7.50 from a previous $10.70 due to lower commodities prices. Westin is forecasting a “lackluster” steel production with an average...
-
Copper Mining Stocks Fight Commodity Price Declines
Wednesday, October 1, 2014 - 10:36am | 502Read More...Industrial and precious metals have had a volatile year of price swings that have included numerous false starts and subsequent breakdowns. Copper in particular has been susceptible to the whims of global economic growth trends and the pull of currency forces. Combined they threaten to sink...
-
3 Reasons To Follow The Big Dog In Natural Resources
Thursday, August 21, 2014 - 8:34am | 452Read More...BHP Billiton (NYSE: BHP) is the world's largest natural resources company. It's now undergoing a transformation and focusing on four areas: coal, copper, oil and iron ore. Here are three reasons why investors should follow the big dog in commodities in this change in corporate...
-
Market Wrap For April 30: Markets Positive Despite Fed Tapering and GDP Rising Less Than Expected
Wednesday, April 30, 2014 - 4:35pm | 3030Read More...U.S. stocks rose as investors cheered the latest move by the Federal Reserve who stacked on another $10 billion to its tapering effort. By doing so, the central bank has lowered its asset purchases to $45 billion per month. “Information received since the Federal Open Market Committee met in...
-
Massive Quake In Chile Sends Copper Prices To 3-Week Highs
Wednesday, April 2, 2014 - 1:05pm | 510Read More...The massive earthquake that rocked the northern part of Chile, the world's leading copper producer, also shook up copper prices; briefly sending them to three-week highs. Copper rose to $6,728.75 per metric ton on the London Metal Exchange on Wednesday, its highest level since March 11. The...
-
Will China's Economic Reforms Benefit BHP Billiton?
Tuesday, November 19, 2013 - 5:01pm | 453Read More...After its recent four-day conference, China's ruling Communist Party released a list of reforms, meant to make the economy more responsive to consumer demand. Greater growth in China will lead to a greater demand for commodities -- as it is the world's largest consumer of many, ranging from...
-
3 ETFs to Profit from Global Urbanization
Monday, November 4, 2013 - 5:52pm | 597Read More...Investors should always look to profit from global trends. That's especially true since emerging markets around the world have been driving much of the global economic growth. In its report, "Urban World: Cities and the Rise of the Consuming Class," the McKinsey Global Institute projects one...
-
Australia Should Boom Now that China is Growing Again
Monday, October 21, 2013 - 4:24pm | 519Read More...With the Chinese economy increasing in growth to 7.8 percent for the most recent quarter, up from 7.5 percent previously, global financial exchanges have rallied strongly. Perhaps the biggest long term winners will be companies operating in the natural resources sector of Australia. There is an...












