The red metal, prized for its conductivity and thermal properties, climbed 27pc in 2017, driving profits higher at Antofagasta and allowing it to fund a 177pc jump in its full-year dividend. The FTSE 100 company will pay 50.9 USA cents a share, or 67pc of its underlying earnings - well above its 35pc threshold. EBITDA increased by 59.1% to $2.59 billion. Before exceptional items, basic earnings per share from continuing operations was 76.1 cents compared to 34.7 cents.
Revenue for the Group in 2017 was $4.75 billion, 31.1% higher than in 2016. "As a result, as copper prices rose in 2017 Antofagasta had another successful year completing the development of Encuentro Oxides, meeting our safety target of zero fatalities and achieving both our production and cost guidance". This will be partially offset by lower mined grades.
This equates to a final dividend of 40.60 United States cents per share, taking the total to 50.90 cents.
The increased payout follows other mining peers such as Rio Tinto PLC, Glencore PLC, and Anglo American PLC, which all returned much higher payouts than the previous year as earnings were boosted by higher commodity prices.
Mining com reported that Unionized workers at Antofagasta's Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a collective labour agreement.
It expects the copper market to tighten in the second half of 2018, and to be in balance or in a slight deficit for the whole year, 2019 is more likely to be in deficit, it said.
Vincenzo Montella does not have a lot of pressing injury concerns hampering his preparations for the crunch Champions League tie. The full-backs Blind and Darmian were exclusively responsible for the team's 1-0 loss to Basel in the Champions League.
Wall Street analysts covering the stock are projecting that the stock will reach $56.02 within the next 52-weeks. The Return on Equity (ROE) and Return on Investment (ROI) values are 18.6 percent and 12.2 percent respectively.
Pressuring the blue chip market was a more than 2 percent drop in shares of Boeing, Caterpillar and United Technologies. Retail Sales are expected to make a recovery from last month's disappointing -0.3% performance with a reading of 0.3%.
Cowen restated a "buy" rating and issued a $215.00 price target on shares of Raytheon in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock.
The Paris-based organisation said the world economy was on course to expand at an annual pace of 3.9% over the next two years. China and Japan were forecast to achieve yearly growth rates of 6.7 percent and 1.5 percent, respectively, this year.
Eighth-seeded Missouri (20-12) opposes ninth-seeded Florida State (20-11) in West Regional action on Friday in Nashville, Tenn. They made the tourney a year ago , beating Florida Gulf Coast in the first round before falling to Xavier in the second round.
The second part gives a competitive analysis of Automotive Instrument Panel market and key market players operating in a market. This analysis provides a study on the regions that are expected to witness fastest growth during the forecast period.
Stephens set a $133.00 price target on Polaris Industries and gave the stock a "hold" rating in a report on Friday, January 19th. Public Employees Retirement System of OH raised its stake in Polaris Industries by 3.7% during the 2nd quarter. (NYSE:PII).
The environmental activist , speaking at South by Southwest in Texas, also commented on the burgeoning #MeToo movement. Schwarzenegger believes that the oil companies have a duty to the public to inform them of the risks of consumption.
Polestar 1 offers pre-ordering in 18 countries
Initially Polestar was planning a limited run of only 1,500 cars, set to be built at the brand's new facility in Chengdu, China. The company eventually started offering performance upgrades for Volvo cars and in 2015 was bought by the Swedish automaker.
Sempra Energy (NYSE:SRE) Stake Decreased by Cetera Advisors LLC
C M Bidwell Ltd accumulated 12 shares. 2,497,816 shares of the company traded hands, compared to its average volume of 2,310,000. The institutional investor owned 5,970 shares of the utilities provider's stock after selling 1,468 shares during the quarter.
Baby sitter accused of abusing child who was left brain dead
Megan Latham , Hannah's aunt, said Partin was a neighbor and someone the family had trusted to care for Wesche for several months. An Ohio toddler is "hanging on by a thread" after she was allegedly beaten by her babysitter , according to authorities.
Investors Catching Stocks Ensco plc (ESV)
Hightower Advisors Limited Liability Corp, a Illinois-based fund reported 46,994 shares. 370,696 are held by Buckingham Cap Mgmt. Furthermore on 10/19/17 HSBC "Initiates Coverage On" the stock to Buy at $7.3. (NYSE:VMW) rating on Thursday, September 14.
Gov. Fallin welcomes Irish Prime Minister to Oklahoma
In return, Choctaw flute maker Presley Byington gifted the prime minister a flute after he played a soft, melodious song with it. During his speech, Varadkar also announced a new scholarship programme which will allow Choctaw students to study in Ireland.