17/08/11
Although the ‘big-cap’ mining sector is down 29 per cent from this year’s peak JP Morgan Cazenove analyst David Butler reckons portfolios should not be ‘underweight’ as far as the miners are concerned. His preferred stocks in the sector are Rio Tinto, Anglo American and Fresnillo.
04/08/11
Deutsche bank has upgraded its view of Ukrainian iron pellet producer Ferrexpo after yesterday’s strong first half results. Meanwhile, UBS has stuck with its higher target price for the shares despite retaining a ‘neutral’ view.
03/08/11
Revenue and operating profit were up 63 per cent and 86 per cent respectively over H1 2010 as the firm benefited from increasing demand from the steel industry, mainly in Germany and Asia. Brokers are sticking with price targets for the shares that are significantly higher than this morning’s price
26/05/11
Ferrexpo reported an interim statement today for the first four months of 2011 saying it had made a good start benefitting from stong demand for its iron ore pellets.
11/03/11
Ferrexpo is expected to be a major beneficiary of a buoyant iron ore price. We preview the up-coming prelims, and assess the oultook for the market. Also we look at some research that suggests investors have been slow to recognise the value of the shares.
