67.65 +0.11 (0.17%)
After hours: 4:11PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||67.37 - 68.02|
|52-week range||67.17 - 93.12|
|PE ratio (TTM)||8.35|
|Forward dividend & yield||3.27 (4.72%)|
|1y target est||105.69|
NEW YORK, June 04, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Kinross ...
HONG KONG, May 29, 2018 - (ACN Newswire) - Galaxy Resources Limited ("Galaxy" or the "Company") (ASX:GXY.AX - News) is pleased to announce that it has entered into a non-binding agreement with POSCO to sell a package of tenements located on the northern area of the Salar del Hombre Muerto in Argentina, for cash consideration of US$280 million. The tenement package is situated to the north of Galaxy's world class Sal de Vida Project ("Sal de Vida" or the "Project") in Argentina (see figure 1).
POSCO's (PKX) first-quarter 2018 earnings gain from healthy operating profits from steel and non-steel businesses and lower impairment loss of assets. Crude steel production rises year over year.
POSCO (PKX) is to gain from the healthy demand for steel and initiatives targeted to improve core business operations. High debt and competition are headwinds.
In the previous part of this series, we looked at US steel demand indicators. Since China is the world’s largest steel consumer, the country’s steel demand tends to impact global steel markets (MT)(PKX). The construction sector is the largest steel end consumer in China (FXI).
South Korean steel giant POSCO has signed a long term offtake agreement with ASX-listed lithium miner Pilbara Minerals and agreed to invest in its upcoming project in WA. Under the agreements, POSCO will source an initial 80,000 tonnes per annum (tpa) of lithium concentrate from Pilbara's Pilgangoora Stage 2 project, eventually increasing this to 240,000 tpa. POSCO will also invest $79.6 million in the Australian company, at 97 cents a share, to contribute to the development of a five million tonnes per annum Stage 2 project that Pilbara is developing.
ArcelorMittal’s (MT) subsidiary ArcelorMittal India Private Limited has made a bid to acquire troubled Indian steelmaker Essar Steel. Because China’s steel demand (RIO) (BHP) is estimated to have peaked after years of rapid growth, analysts see India as a bright spot for global steel markets (PKX).
POSCO's (PKX) 2017 net earnings increase substantially on the back of operating profit growth and selling of investment securities. Revenue forecast for 2018 is impressive.
POSCO's (PKX) diversified business structure, steps to improve competitiveness in steel production, focus on growth of other businesses and strengthening steel demand will support its growth momentum.
POSCO (PKX) might gain from its diversified business structure and a steady rise in domestic and global steel demand. Improving the steel operations' competitiveness remains a company's priority.
Zacks.com featured highlights: POSCO, Tata Motors, TRI Pointe Group and Triton International