UBS Adjusts Nucor (NYSE:NUE) Price Target to $150 From $140
UBS Adjusts Nucor (NYSE:NUE) Price Target to $150 From $140, Maintains Neutral Rating.
UBS Adjusts Nucor (NYSE:NUE) Price Target to $150 From $140 Read Post »
Basic Materials
Morgan Stanley Maintains Equal-Weight on Nucor (NYSE:NUE), Raises Price Target to $131
Morgan Stanley analyst Carlos De Alba maintains Nucor (NYSE:NUE) with a Equal-Weight and raises the price target from $122 to $131.
Morgan Stanley Maintains Equal-Weight on Nucor (NYSE:NUE), Raises Price Target to $131 Read Post »
Deutsche Bank Upgrades Dow (NYSE:DOW) to Buy, Announces $60 Price Target
Deutsche Bank analyst David Begleiter upgrades Dow (NYSE:DOW) from Hold to Buy and announces $60 price target.
Deutsche Bank Upgrades Dow (NYSE:DOW) to Buy, Announces $60 Price Target Read Post »
Keybanc Adjusts Price Target on Dow (NYSE:DOW) to $44 From $51
Keybanc Adjusts Price Target on Dow (NYSE:DOW) to $44 From $51, Keeps Underweight Rating
Keybanc Adjusts Price Target on Dow (NYSE:DOW) to $44 From $51 Read Post »
Alcoa(NYSE:AA) announced the closure of the Interlco smelter in preparation for reconstruction
On March 14, 2023, Alcoa Corporation (the “Company”) approved the permanent closure of the Intalco aluminum smelter (the “Smelter”) located in Washington state, U.S.A, effective immediately. The Smelter has been fully curtailed since 2020. The Company’s decision to permanently close the Smelter was made after various options were evaluated for the Smelter. The Smelter has a total capacity of 279,000 metric-tons-per-year. Decommissioning and demolition activities to prepare the site for potential redevelopment will begin immediately. The Company will record restructuring and related charges in the first quarter of 2023 of approximately $120 million (pre- and after-tax), or $0.67 per share, related to the permanent closure of the Smelter. These charges include: approximately $17 million of asset impairments; approximately $51 million to write off the remaining net book value of various assets; approximately $51 million related to decommissioning and demolition obligations, such as asbestos abatement and material disposal; and $1 million of employee
United States Steel (NYSE:X) Updates Q1 2023 Earnings Guidance
March 16, 2023 — United States Steel (NYSE:X) Provides first quarter 2023 guidance. The company provided earnings per share (EPS) guidance of $0.58-0.63 for the period, compared to the consensus estimate of $0.22. United States Steel also updated its Q1 2023 guidance to $0.58-$0.63 EPS. Adjusted EBITDA for the first quarter of 2023 is expected to be approximately $375 million, compared with analyst expectations of $304.8 million. the company expects to complete approximately $75 million of repurchases of common stock in the first quarte under its existing $500 millon stock buyback authoriation.
United States Steel (NYSE:X) Updates Q1 2023 Earnings Guidance Read Post »
Vale (NYSE:VALE) had a 2022 EBITDA of $20.9 billion
Mining giant Vale (NYSE:VALE) announced that EBITDA for 2022 was $20.9 billion, down 38% year-over-year, mainly due to a 23.6% drop in real iron ore prices; The Company’s operating free cash flow was $5.7 billion during the reporting period, compared to $20 billion in 2021, due to a decline in EBITDA. Vale paid a total of US$12.6 billion in dividends, capital interest and share buybacks in 2022 and will pay US$1.8 billion in dividends in March 2023.
Vale (NYSE:VALE) had a 2022 EBITDA of $20.9 billion Read Post »
Vale (NYSE:VALE) Indonesia launches $2.48 billion nickel project
PT Vale Indonesia Tbk has begun construction of an integrated low-carbon nickel mining and processing plant in Morowali, Central Sulawesi, Indonesia. The total investment cost is up to 37.5 trillion rupiah (US$2.48 billion), with a planned production capacity of 73,000 tons/year.
Vale (NYSE:VALE) Indonesia launches $2.48 billion nickel project Read Post »
Vale (NYSE:VALE) net profit for Q4 2022 fell 30.4% year-over-year, still beating market expectations
Brazilian mining giant Vale (NYSE: VALE) released its fourth quarter 2022 report on February 16, local time, under the pressure of production cuts and falling iron ore prices, net operating income in the fourth quarter fell 8.8% to US$11.94 billion, adjusted EBITDA from continuing operations was US$4.63 billion, down US$100 million year-on-year and up 960 million yuan, and net profit was US$3.72 billion, down 30.4% year-on-year. However, it still exceeded market expectations of $2.5 billion.
Vale (NYSE:VALE) reported revenue of $11.941 billion in Q4 2022 versus an expected value of $11.49 billion
Vale (NYSE:VALE): Q4 2022 revenue of $11.941 billion, prior-valued $13.105 billion vs. $11.49 billion, exceeding market expectations by 3.93%; Earnings per share were $0.82 vs $1.07 prior, and $0.62 expected, beating market expectations by 32.26%.
JPMorgan cut its Vale S.A. (NYSE:VALE) price target to $17.50 from $20
JPMorgan cut its Vale S.A. (NYSE:VALE) price target to $17.50 from $20。
JPMorgan cut its Vale S.A. (NYSE:VALE) price target to $17.50 from $20 Read Post »