By Marco Aquino and Marcelo Rochabrun

TAPAIRIHUA, Peru (Reuters) – In the hills of Tapairihua in Peru's Andes, Samuel Retamozo and other artisanal miners have found a rich seam of copper on their indigenous community's land. Armed with temporary government permits, they started exploiting it earlier this year.

There's just one problem – the seam is within the site of Southern Copper Corp's planned $2.6 billion Los Chancas mine. One of the world's biggest copper miners, it also has a permit to dig in the same area.

Grupo Mexico's Southern Copper aims to start producing here in 2027 after decades of studies. The planned mine is crucial to the company's goal of producing 1.8 million tonnes of copper annually by 2030.

But the rise of artisanal copper mining – driven by high global metal prices and sustained by a messy government permitting system – is threatening billions in new investments by Southern Copper and others in Peru, according to Reuters reviews of internal company reports, interviews with executives and a visit to Tapairihua to meet the miners.

Small-scale copper miners are now challenging Big Copper for territorial control of rich deposits of the red metal. Artisanal copper mining is creating much-needed income for impoverished Andean Peruvians even as it brings them into conflict with major miners, a rare and previously unreported trend in the world's No. 2 copper producer.

"This used to happen with silver and gold, but now it's affecting copper," said Raul Jacob, Southern Copper's chief financial officer, bemoaning what the company sees as the government's poor handling of artisanal mining permits.

In Peru, artisanal mining permits have doubled to 80,000 since 2020, government records show. And copper is the new focus.

Southern Copper is not the only mining company in a stand-off with the miners. Chinese-owned MMG Ltd's nearby Las Bambas copper mine is struggling to develop two new open pits because of artisanal miners who have settled on the same land. The company says its current pit is running out.

"Informal mining is entering lands granted to formal (mining) companies and threatening the development of large-scale projects," a source close to MMG told Reuters.

While companies often call small-scale miners "informal" or "illegal," what complicates the matter are two dueling authorizations – one for artisanal mining and another to hold the mining rights to a given area. Mining companies own the latter, known as concessions.

But since 2012 Peru has been granting artisanal mining permits on lands that overlap with concessions, giving the small-scale miners some legal protection, Reuters found after checking the geolocations of the permits and reviewing an internal document in which Peru's mining ministry did the same.

POTENTIAL FOR MORE DISPUTES

Disputes between mining firms and artisanal miners may only increase over time. Peru's leftist administration presented a new framework for artisanal mining last week that declared artisanal mining is "as important" as big mining.

Southern Copper has asked the government to revoke all artisanal mining permits on its concession. About half have now been canceled, causing resentment in Tapairihua.

"We are going to defend ourselves. At the end of the day we are at home, and from home there is nowhere to go," Retamozo, a mining engineer and president of the Tapairihua Mining Association, told Reuters.

While artisanal permits have existed since 2012, lower copper prices that decade meant they were not in demand. But copper has risen more than 60% since 2020 due to demand for electric vehicles.

The surge in artisanal copper mining is forcing the government to review its artisanal permitting system, a mechanism that was meant to be a temporary bridge toward formalization and intended mostly for gold miners.

"Our country is a mining country but we haven't had until now a mining framework that gives a long-term view about small-scale mining," Alberto Rojas, Peru's top mining formalization official, told Reuters

Rojas, however, suggested artisanal miners would lose in a dispute against concession holders.

"Where we have concessions we can't have (artisanal mining permits)," Rojas said. "We can't disavow the concessions that have already been granted."

DIGGERS, TRUCKS

On a recent day in Tapairihua, Reuters visited the artisanal mining operations, where dozens of wood and blue tarpaulin homes were erected, and tunnels supported with wooden beams burrowed into the steep rocky hillside.

In Peru's Andes many feel the copper under the ground is a right, with mining dating back to the Incas and other cultures that existed before Spain's colonization. Tapairihua looks down onto the river Antabamba, meaning "copper plain" in the Andean Quechua language.

Many of the miners are also local subsistence farmers who took up mining in search of income. Many declined to be named because they have been sued by Southern Copper over their mining activities.

To extract copper, they use dynamite to explode rock that they bring out in wheelbarrows and bags. Miners earn 80 soles ($20.61) a day, extracting enough rock to fill a handful of trucks a week, usually containing around 5% copper, though this level can rise as high as 18%.

Gherson Quintanilla arrived in Tapairihua earlier this year with a background in artisanal gold mining. He came because he heard copper was abundant and expertise was low.

"My goal is to extract up to two truckloads a day," he told Reuters.

But artisanal copper mining is not always as small scale.

Graphic: Las Bambas: Small-scale miners https://www.reuters.com/graphics/PERU-MINING/zjpqjkdbyvx/chart.png

An internal Las Bambas presentation seen by Reuters estimated informal miners were blasting some 1,950 tonnes of rock per day, almost double their output a year ago.

The report said artisanal miners were using heavy machinery and diggers as well as pneumatic tools.

Overall, it estimated the government has issued 700 permits that overlap with Las Bambas's concession,

But removing those miners is not straightforward. While Las Bambas and Southern Copper hold mining rights – which grants them access to the mineral underground – in most cases they have yet to buy the property rights to the surface terrain.

That limits their options because they cannot file an eviction claim on land they do not own.

The source close to Las Bambas said MMG recognized this difficulty and anticipated it would have to buy out the miners if it wants them to leave the site of its third pit, set to open in 2027 – if there are no delays.

At the site of its second pit, which was supposed to open this year, Las Bambas has filed eviction claims against the miners there because it already owns that particular parcel of land. The company estimates almost a dozen mining sites in the area. Reuters was unable to determine the number of miners working in them.

Graphic: Las Bambas: artisanal mining https://www.reuters.com/graphics/PERU-MINING/lbvggnmarvq/chart.png

'FUEL TO THE FIRE'

In May, Southern Copper sued Retamozo and other Tapairihua miners, saying their mining permits were non-compliant.

Weeks later a fire destroyed Southern Copper's local headquarters, which is made up of tents, just minutes downhill from where the small-scale miners are operating. Burned-out cars remain there today.

Nobody was hurt in the fire and no arrests have been made. Peruvian authorities say the matter remains under investigation.

The miners have distanced themselves from the arson, though Retamozo acknowledged the lawsuits have angered them and that some individual members may have acted out of "resentment."

The number of valid artisanal mining permits in Tapairihua has fallen from 100 to 32 since May, according to government records. An internal mining ministry document seen by Reuters shows that the process is under way to revoke the remaining permits.

Retamozo cautioned about what would happen if those were canceled.

"Canceling them would add fuel to the fire," he said.

($1 = 3.8811 soles)

(Reporting by Marco Aquino and Marcelo Rochabrun; Editing by Adam Jourdan and Ross Colvin)

By Marco Aquino and Marcelo Rochabrun

TAPAIRIHUA, Peru, Dec 1 (Reuters) – In the hills of Tapairihua in Peru's Andes, Samuel Retamozo and other artisanal miners have found a rich seam of copper on their indigenous community's land. Armed with temporary government permits, they started exploiting it earlier this year.

There's just one problem – the seam is within the site of Southern Copper Corp's planned $2.6 billion Los Chancas mine. One of the world's biggest copper miners, it also has a permit to dig in the same area.

Grupo Mexico's Southern Copper aims to start producing here in 2027 after decades of studies. The planned mine is crucial to the company's goal of producing 1.8 million tonnes of copper annually by 2030.

But the rise of artisanal copper mining – driven by high global metal prices and sustained by a messy government permitting system – is threatening billions in new investments by Southern Copper and others in Peru, according to Reuters reviews of internal company reports, interviews with executives and a visit to Tapairihua to meet the miners.

Small-scale copper miners are now challenging Big Copper for territorial control of rich deposits of the red metal. Artisanal copper mining is creating much-needed income for impoverished Andean Peruvians even as it brings them into conflict with major miners, a rare and previously unreported trend in the world's No. 2 copper producer.

"This used to happen with silver and gold, but now it's affecting copper," said Raul Jacob, Southern Copper's chief financial officer, bemoaning what the company sees as the government's poor handling of artisanal mining permits.

In Peru, artisanal mining permits have doubled to 80,000 since 2020, government records show. And copper is the new focus.

Southern Copper is not the only mining company in a stand-off with the miners. Chinese-owned MMG Ltd's nearby Las Bambas copper mine is struggling to develop two new open pits because of artisanal miners who have settled on the same land. The company says its current pit is running out.

"Informal mining is entering lands granted to formal (mining) companies and threatening the development of large-scale projects," a source close to MMG told Reuters.

While companies often call small-scale miners "informal" or "illegal," what complicates the matter are two dueling authorizations – one for artisanal mining and another to hold the mining rights to a given area. Mining companies own the latter, known as concessions.

But since 2012 Peru has been granting artisanal mining permits on lands that overlap with concessions, giving the small-scale miners some legal protection, Reuters found after checking the geolocations of the permits and reviewing an internal document in which Peru's mining ministry did the same.

POTENTIAL FOR MORE DISPUTES

Disputes between mining firms and artisanal miners may only increase over time. Peru's leftist administration presented a new framework for artisanal mining last week that declared artisanal mining is "as important" as big mining.

Southern Copper has asked the government to revoke all artisanal mining permits on its concession. About half have now been canceled, causing resentment in Tapairihua.

"We are going to defend ourselves. At the end of the day we are at home, and from home there is nowhere to go," Retamozo, a mining engineer and president of the Tapairihua Mining Association, told Reuters.

While artisanal permits have existed since 2012, lower copper prices that decade meant they were not in demand. But copper has risen more than 60% since 2020 due to demand for electric vehicles.

The surge in artisanal copper mining is forcing the government to review its artisanal permitting system, a mechanism that was meant to be a temporary bridge toward formalization and intended mostly for gold miners.

"Our country is a mining country but we haven't had until now a mining framework that gives a long-term view about small-scale mining," Alberto Rojas, Peru's top mining formalization official, told Reuters

Rojas, however, suggested artisanal miners would lose in a dispute against concession holders.

"Where we have concessions we can't have (artisanal mining permits)," Rojas said. "We can't disavow the concessions that have already been granted."

DIGGERS, TRUCKS

On a recent day in Tapairihua, Reuters visited the artisanal mining operations, where dozens of wood and blue tarpaulin homes were erected, and tunnels supported with wooden beams burrowed into the steep rocky hillside.

In Peru's Andes many feel the copper under the ground is a right, with mining dating back to the Incas and other cultures that existed before Spain's colonization. Tapairihua looks down onto the river Antabamba, meaning "copper plain" in the Andean Quechua language.

Many of the miners are also local subsistence farmers who took up mining in search of income. Many declined to be named because they have been sued by Southern Copper over their mining activities.

To extract copper, they use dynamite to explode rock that they bring out in wheelbarrows and bags. Miners earn 80 soles ($20.61) a day, extracting enough rock to fill a handful of trucks a week, usually containing around 5% copper, though this level can rise as high as 18%.

Gherson Quintanilla arrived in Tapairihua earlier this year with a background in artisanal gold mining. He came because he heard copper was abundant and expertise was low.

"My goal is to extract up to two truckloads a day," he told Reuters.

But artisanal copper mining is not always as small scale.

An internal Las Bambas presentation seen by Reuters estimated informal miners were blasting some 1,950 tonnes of rock per day, almost double their output a year ago.

The report said artisanal miners were using heavy machinery and diggers as well as pneumatic tools.

Overall, it estimated the government has issued 700 permits that overlap with Las Bambas's concession,

But removing those miners is not straightforward. While Las Bambas and Southern Copper hold mining rights – which grants them access to the mineral underground – in most cases they have yet to buy the property rights to the surface terrain.

That limits their options because they cannot file an eviction claim on land they do not own.

The source close to Las Bambas said MMG recognized this difficulty and anticipated it would have to buy out the miners if it wants them to leave the site of its third pit, set to open in 2027 – if there are no delays.

At the site of its second pit, which was supposed to open this year, Las Bambas has filed eviction claims against the miners there because it already owns that particular parcel of land. The company estimates almost a dozen mining sites in the area. Reuters was unable to determine the number of miners working in them.

'FUEL TO THE FIRE'

In May, Southern Copper sued Retamozo and other Tapairihua miners, saying their mining permits were non-compliant.

Weeks later a fire destroyed Southern Copper's local headquarters, which is made up of tents, just minutes downhill from where the small-scale miners are operating. Burned-out cars remain there today.

Nobody was hurt in the fire and no arrests have been made. Peruvian authorities say the matter remains under investigation.

The miners have distanced themselves from the arson, though Retamozo acknowledged the lawsuits have angered them and that some individual members may have acted out of "resentment."

The number of valid artisanal mining permits in Tapairihua has fallen from 100 to 32 since May, according to government records. An internal mining ministry document seen by Reuters shows that the process is under way to revoke the remaining permits.

Retamozo cautioned about what would happen if those were canceled.

"Canceling them would add fuel to the fire," he said. ($1 = 3.8811 soles)

(Reporting by Marco Aquino and Marcelo Rochabrun; Editing by Adam Jourdan and Ross Colvin)

By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, Southern Copper Corporation (NYSE:SCCO) shareholders have seen the share price rise 53% over three years, well in excess of the market return (25%, not including dividends). However, more recent returns haven’t been as impressive as that, with the stock returning just 3.6% in the last year , including dividends .

In light of the stock dropping 3.9% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company’s positive three-year return.

View our latest analysis for Southern Copper

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During three years of share price growth, Southern Copper achieved compound earnings per share growth of 20% per year. The average annual share price increase of 15% is actually lower than the EPS growth. So one could reasonably conclude that the market has cooled on the stock.

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

earnings-per-share-growth

We’re pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Southern Copper’s earnings, revenue and cash flow.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It’s fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Southern Copper’s TSR for the last 3 years was 77%, which exceeds the share price return mentioned earlier. And there’s no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

It’s good to see that Southern Copper has rewarded shareholders with a total shareholder return of 3.6% in the last twelve months. And that does include the dividend. However, the TSR over five years, coming in at 11% per year, is even more impressive. Potential buyers might understandably feel they’ve missed the opportunity, but it’s always possible business is still firing on all cylinders. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We’ve spotted 2 warning signs for Southern Copper you should be aware of, and 1 of them makes us a bit uncomfortable.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Southern Copper Corporation (NYSE:SCCO) has announced that on 23rd of November, it will be paying a dividend of$0.50, which a reduction from last year’s comparable dividend. However, the dividend yield of 6.2% is still a decent boost to shareholder returns.

View our latest analysis for Southern Copper

Southern Copper Doesn’t Earn Enough To Cover Its Payments

A big dividend yield for a few years doesn’t mean much if it can’t be sustained. Before making this announcement, the company’s dividend was higher than its profits, and made up 86% of cash flows. While the cash payout ratio isn’t necessarily a cause for concern, the company is probably focusing more on returning cash to shareholders than growing the business.

EPS is set to fall by 2.1% over the next 12 months. If the dividend continues along the path it has been on recently, the payout ratio in 12 months could be 129%, which is definitely a bit high to be sustainable going forward.

historic-dividendDividend Volatility

Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2012, the annual payment back then was $2.46, compared to the most recent full-year payment of $3.00. This implies that the company grew its distributions at a yearly rate of about 2.0% over that duration. Modest growth in the dividend is good to see, but we think this is offset by historical cuts to the payments. It is hard to live on a dividend income if the company’s earnings are not consistent.

Southern Copper’s Dividend Might Lack Growth

With a relatively unstable dividend, it’s even more important to see if earnings per share is growing. We are encouraged to see that Southern Copper has grown earnings per share at 24% per year over the past five years. While EPS is growing rapidly, Southern Copper paid out a very high 110% of its income as dividends. If earnings continue to grow, this dividend may be sustainable, but we think a payout this high definitely bears watching.

The Dividend Could Prove To Be Unreliable

Overall, the dividend looks like it may have been a bit high, which explains why it has now been cut. While we generally think the level of distributions are a bit high, we wouldn’t rule it out as becoming a good dividend payer in the future as its earnings are growing healthily. We would be a touch cautious of relying on this stock primarily for the dividend income.

Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. As an example, we’ve identified 2 warning signs for Southern Copper that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research SessionYou’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here

Freeport-McMoRan (FCX) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -23.53%. A quarter ago, it was expected that this mining company would post earnings of $0.76 per share when it actually produced earnings of $0.58, delivering a surprise of -23.68%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Freeport-McMoRan , which belongs to the Zacks Mining – Non Ferrous industry, posted revenues of $5 billion for the quarter ended September 2022, missing the Zacks Consensus Estimate by 3.75%. This compares to year-ago revenues of $6.08 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Freeport-McMoRan shares have lost about 32% since the beginning of the year versus the S&P 500's decline of -22.5%.

What's Next for Freeport-McMoRan?

While Freeport-McMoRan has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Freeport-McMoRan: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.46 on $5.47 billion in revenues for the coming quarter and $2.43 on $22.67 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Non Ferrous is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Southern Copper (SCCO), has yet to report results for the quarter ended September 2022.

This miner is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Southern Copper's revenues are expected to be $2.37 billion, down 11.6% from the year-ago quarter.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

By Valentine Hilaire

April 13 (Reuters) – Southern Copper Corp said on Wednesday that its Peruvian mine remains closed after six weeks of a standoff with protesters, accusing Peru's government of failing to intervene to guarantee security for its 1,300 workers and their families.

A recent deal aimed at ending protests at the Cuajone copper mine required the company to withdraw complaints against protest leaders, amid a continuing blockade of its railway to transport minerals and supplies, the company said in a statement. Production has been suspended since Feb. 28.

Peru's Energy Ministry said in a separate statement that it had also reached an agreement with Southern Copper to start talks to find common ground with local communities.

"If we closed for a year, the government would stop receiving more than 3.1 billion soles ($830 million) in taxes and royalties, and 8,000 direct and indirect jobs would be lost. That's what we want to avoid," the Southern Copper statement added.

Peru is facing a wave of protests from indigenous communities that accuse mining firms of not providing enough jobs and money to impoverished locals.

Central bank official Adrian Armas said last week that protests hitting copper mines such as MMG's Las Bambas and Southern Copper's Cuajone are weighing down the economy.

Peru is the world's No. 2 copper producer and mining is a key source of tax revenue.

Protests hit several mining companies in Peru when leftist President Pedro Castillo took office last July after winning the election with support from the country's impoverished mining regions. ($1 = 3.7330 soles) (Additional reporting by Marcelo Rochabrun; Editing by Kenneth Maxwell)

Investing $200,000 in this basket of dividend stocks should earn you $12,800 in passive income in 2022.

Investment company Plimoth Trust Co Llc (Current Portfolio) buys iShares MSCI Intl Quality Factor ETF, The Walt Disney Co, Activision Blizzard Inc, Deere, Capital One Financial Corp, sells AT&T Inc, Vodafone Group PLC, S&P 500 ETF TRUST ETF, Utilities Select Sector SPDR ETF, Sylvamo Corp during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Plimoth Trust Co Llc. As of 2021Q4, Plimoth Trust Co Llc owns 166 stocks with a total value of $394 million. These are the details of the buys and sells.

  • New Purchases: CMG, FDX, AMT, SCCO, NSC,

  • Added Positions: IQLT, DIS, ATVI, AMZN, CRM, DE, LMT, COF, ADBE, RTX, NVDA, CAT, BMY, KO, CVX, JPM, REGN, MMM, TGT, QCOM, IGSB, AMAT, BAC, GOOGL, MCD, MDT, DD, TJX, AMGN, VZ, WMT, XLI, BRK.B, LIN, V, NKE, XLE, ABBV, CMCSA, PFFD, XLC, EEMV, IVV, XLRE, DRI, ABT, TFC, CMI, TROW, HUM, JNJ, MRK, SBUX, SYK, DES, DON, NUE, SWKS, MGV, ED, VTWO, COP, CPB, XLP,

  • Reduced Positions: T, VNQ, PEP, AAPL, XLV, FB, INTC, XLK, XLY, LOW, IBM, KMB, UPS, ETN, LLY, SPY, GOOG, GE, WBA, DUK, TMO, HD, XLF, CSCO, MAS, XLU, PFE, MO, PFG, STT, PM, XLB, BHLB, INTU, CTSH, COST, EMR, EXC, GILD, NEE, WSM, AMP, CHKP, CTXS, VO, D, EFA, XOM, NGG, VFC, GS, UL, HPQ, IP, TRV, SO, PRU, SPGI, MCHP, NVS,

  • Sold Out: VOD, SLVM,

For the details of PLIMOTH TRUST CO LLC's stock buys and sells,go to https://www.gurufocus.com/guru/plimoth+trust+co+llc/current-portfolio/portfolio

These are the top 5 holdings of PLIMOTH TRUST CO LLC

  • Apple Inc (AAPL) – 141,172 shares, 6.36% of the total portfolio. Shares reduced by 1.36%

  • Microsoft Corp (MSFT) – 57,771 shares, 4.93% of the total portfolio. Shares reduced by 0.9%

  • Invesco Preferred ETF (PGX) – 732,486 shares, 2.79% of the total portfolio. Shares added by 0.80%

  • JPMorgan Chase & Co (JPM) – 64,014 shares, 2.57% of the total portfolio. Shares added by 1.82%

  • Vanguard Real Estate Index Fund ETF (VNQ) – 85,726 shares, 2.52% of the total portfolio. Shares reduced by 7.09%

  • New Purchase: Chipotle Mexican Grill Inc (CMG)

    Plimoth Trust Co Llc initiated holding in Chipotle Mexican Grill Inc. The purchase prices were between $1592.1 and $1863, with an estimated average price of $1758.68. The stock is now traded at around $1362.470000. The impact to a portfolio due to this purchase was 0.13%. The holding were 292 shares as of 2021-12-31.

    New Purchase: FedEx Corp (FDX)

    Plimoth Trust Co Llc initiated holding in FedEx Corp. The purchase prices were between $217.87 and $258.64, with an estimated average price of $240.55. The stock is now traded at around $241.260000. The impact to a portfolio due to this purchase was 0.1%. The holding were 1,485 shares as of 2021-12-31.

    New Purchase: Southern Copper Corp (SCCO)

    Plimoth Trust Co Llc initiated holding in Southern Copper Corp. The purchase prices were between $56.2 and $66.21, with an estimated average price of $60.23. The stock is now traded at around $64.020000. The impact to a portfolio due to this purchase was 0.06%. The holding were 3,645 shares as of 2021-12-31.

    New Purchase: American Tower Corp (AMT)

    Plimoth Trust Co Llc initiated holding in American Tower Corp. The purchase prices were between $257.53 and $292.5, with an estimated average price of $273.26. The stock is now traded at around $238.385000. The impact to a portfolio due to this purchase was 0.06%. The holding were 860 shares as of 2021-12-31.

    New Purchase: Norfolk Southern Corp (NSC)

    Plimoth Trust Co Llc initiated holding in Norfolk Southern Corp. The purchase prices were between $247.88 and $297.71, with an estimated average price of $279.86. The stock is now traded at around $268.980000. The impact to a portfolio due to this purchase was 0.05%. The holding were 685 shares as of 2021-12-31.

    Added: iShares MSCI Intl Quality Factor ETF (IQLT)

    Plimoth Trust Co Llc added to a holding in iShares MSCI Intl Quality Factor ETF by 75.83%. The purchase prices were between $37.35 and $40, with an estimated average price of $38.88. The stock is now traded at around $36.780000. The impact to a portfolio due to this purchase was 0.25%. The holding were 57,052 shares as of 2021-12-31.

    Added: The Walt Disney Co (DIS)

    Plimoth Trust Co Llc added to a holding in The Walt Disney Co by 32.45%. The purchase prices were between $142.15 and $177.71, with an estimated average price of $161. The stock is now traded at around $135.390000. The impact to a portfolio due to this purchase was 0.21%. The holding were 22,108 shares as of 2021-12-31.

    Added: Activision Blizzard Inc (ATVI)

    Plimoth Trust Co Llc added to a holding in Activision Blizzard Inc by 145.85%. The purchase prices were between $57.28 and $81.19, with an estimated average price of $68.02. The stock is now traded at around $79.070000. The impact to a portfolio due to this purchase was 0.17%. The holding were 16,607 shares as of 2021-12-31.

    Added: Deere & Co (DE)

    Plimoth Trust Co Llc added to a holding in Deere & Co by 52.99%. The purchase prices were between $329 and $367.86, with an estimated average price of $348.32. The stock is now traded at around $375.600000. The impact to a portfolio due to this purchase was 0.14%. The holding were 4,761 shares as of 2021-12-31.

    Added: Capital One Financial Corp (COF)

    Plimoth Trust Co Llc added to a holding in Capital One Financial Corp by 50.78%. The purchase prices were between $138.35 and $173.25, with an estimated average price of $154.18. The stock is now traded at around $142.370000. The impact to a portfolio due to this purchase was 0.13%. The holding were 10,752 shares as of 2021-12-31.

    Added: Lockheed Martin Corp (LMT)

    Plimoth Trust Co Llc added to a holding in Lockheed Martin Corp by 29.98%. The purchase prices were between $326.31 and $376.33, with an estimated average price of $345.82. The stock is now traded at around $386.340000. The impact to a portfolio due to this purchase was 0.13%. The holding were 6,399 shares as of 2021-12-31.

    Sold Out: Vodafone Group PLC (VOD)

    Plimoth Trust Co Llc sold out a holding in Vodafone Group PLC. The sale prices were between $14.62 and $16.1, with an estimated average price of $15.26.

    Sold Out: Sylvamo Corp (SLVM)

    Plimoth Trust Co Llc sold out a holding in Sylvamo Corp. The sale prices were between $24.8 and $33.1, with an estimated average price of $29.08.

    Here is the complete portfolio of PLIMOTH TRUST CO LLC. Also check out:1. PLIMOTH TRUST CO LLC's Undervalued Stocks2. PLIMOTH TRUST CO LLC's Top Growth Companies, and3. PLIMOTH TRUST CO LLC's High Yield stocks4. Stocks that PLIMOTH TRUST CO LLC keeps buyingThis article first appeared on GuruFocus.

    Investment company Terra Nova Asset Management LLC (Current Portfolio) buys Tesla Inc, Ford Motor Co, Enbridge Inc, Pfizer Inc, Chevron Corp, sells PIMCO Corporate & Income Opportunity Fds, Dow Inc, iShares S&P Global Clean Energy Index Fund, iShares TIPS Bond ETF, LyondellBasell Industries NV during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Terra Nova Asset Management LLC. As of 2021Q4, Terra Nova Asset Management LLC owns 90 stocks with a total value of $133 million. These are the details of the buys and sells.

    • New Purchases: TSLA, ENB, PFE, CVX, SCCO,

    • Added Positions: F, ABT, MSFT, UYG, TMO, ABNB, MAA, ENPH, OUNZ,

    • Reduced Positions: AAPL, V, GOOGL, AES, PYPL, NVDA, INTC, ODFL, DLR, AMZN, NEE, CCI, MTZ, GM, UPS, VMI, GOOG, XLB, HCA, ZTS, IGV, XLY, PAYX, ADBE, J, ISRG, AZO, IQV, APD, IHF, STZ, HD, APTV, HON, RMD, SBUX, CSX, ROKU, VZ, IYW, PG,

    • Sold Out: PTY, DOW, ICLN, TIP, LYB, NFLX,

    For the details of Terra Nova Asset Management LLC's stock buys and sells,go to https://www.gurufocus.com/guru/terra+nova+asset+management+llc/current-portfolio/portfolio

    These are the top 5 holdings of Terra Nova Asset Management LLC

  • NVIDIA Corp (NVDA) – 20,270 shares, 4.47% of the total portfolio. Shares reduced by 2.62%

  • Amazon.com Inc (AMZN) – 1,726 shares, 4.31% of the total portfolio. Shares reduced by 1.26%

  • Microsoft Corp (MSFT) – 16,956 shares, 4.27% of the total portfolio. Shares added by 1.04%

  • Alphabet Inc (GOOGL) – 1,794 shares, 3.89% of the total portfolio. Shares reduced by 2.66%

  • Apple Inc (AAPL) – 25,343 shares, 3.37% of the total portfolio. Shares reduced by 9.17%

  • New Purchase: Tesla Inc (TSLA)

    Terra Nova Asset Management LLC initiated holding in Tesla Inc. The purchase prices were between $780.59 and $1229.91, with an estimated average price of $1012.35. The stock is now traded at around $918.400000. The impact to a portfolio due to this purchase was 1.52%. The holding were 1,916 shares as of 2021-12-31.

    New Purchase: Enbridge Inc (ENB)

    Terra Nova Asset Management LLC initiated holding in Enbridge Inc. The purchase prices were between $36.89 and $43.3, with an estimated average price of $40.06. The stock is now traded at around $41.020000. The impact to a portfolio due to this purchase was 0.37%. The holding were 12,807 shares as of 2021-12-31.

    New Purchase: Pfizer Inc (PFE)

    Terra Nova Asset Management LLC initiated holding in Pfizer Inc. The purchase prices were between $41.32 and $61.25, with an estimated average price of $49.81. The stock is now traded at around $52.540000. The impact to a portfolio due to this purchase was 0.18%. The holding were 4,084 shares as of 2021-12-31.

    New Purchase: Chevron Corp (CVX)

    Terra Nova Asset Management LLC initiated holding in Chevron Corp. The purchase prices were between $104.72 and $118.79, with an estimated average price of $113.83. The stock is now traded at around $132.590000. The impact to a portfolio due to this purchase was 0.16%. The holding were 1,776 shares as of 2021-12-31.

    New Purchase: Southern Copper Corp (SCCO)

    Terra Nova Asset Management LLC initiated holding in Southern Copper Corp. The purchase prices were between $56.2 and $66.21, with an estimated average price of $60.23. The stock is now traded at around $64.640000. The impact to a portfolio due to this purchase was 0.16%. The holding were 3,485 shares as of 2021-12-31.

    Added: Ford Motor Co (F)

    Terra Nova Asset Management LLC added to a holding in Ford Motor Co by 141.72%. The purchase prices were between $14.12 and $21.45, with an estimated average price of $18.53. The stock is now traded at around $19.980000. The impact to a portfolio due to this purchase was 0.59%. The holding were 64,024 shares as of 2021-12-31.

    Sold Out: PIMCO Corporate & Income Opportunity Fds (PTY)

    Terra Nova Asset Management LLC sold out a holding in PIMCO Corporate & Income Opportunity Fds. The sale prices were between $16.15 and $18.63, with an estimated average price of $17.77.

    Sold Out: Dow Inc (DOW)

    Terra Nova Asset Management LLC sold out a holding in Dow Inc. The sale prices were between $52.76 and $60.06, with an estimated average price of $56.99.

    Sold Out: iShares S&P Global Clean Energy Index Fund (ICLN)

    Terra Nova Asset Management LLC sold out a holding in iShares S&P Global Clean Energy Index Fund. The sale prices were between $20.43 and $25.64, with an estimated average price of $22.91.

    Sold Out: iShares TIPS Bond ETF (TIP)

    Terra Nova Asset Management LLC sold out a holding in iShares TIPS Bond ETF. The sale prices were between $126.62 and $129.87, with an estimated average price of $128.15.

    Sold Out: LyondellBasell Industries NV (LYB)

    Terra Nova Asset Management LLC sold out a holding in LyondellBasell Industries NV. The sale prices were between $84.55 and $99.46, with an estimated average price of $92.69.

    Sold Out: Netflix Inc (NFLX)

    Terra Nova Asset Management LLC sold out a holding in Netflix Inc. The sale prices were between $586.73 and $691.69, with an estimated average price of $639.23.

    Here is the complete portfolio of Terra Nova Asset Management LLC. Also check out:1. Terra Nova Asset Management LLC's Undervalued Stocks2. Terra Nova Asset Management LLC's Top Growth Companies, and3. Terra Nova Asset Management LLC's High Yield stocks4. Stocks that Terra Nova Asset Management LLC keeps buyingThis article first appeared on GuruFocus.

    Amid a correction, investors should build up watchlists focusing on stocks with strong relative strength.

    Investors are always looking for stocks that are poised to beat at earnings season and Southern Copper Corporation SCCO may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

    That is because Southern Copper is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for SCCO in this report.

    In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of $1.15 per share. This suggests that analysts have very recently bumped up their estimates for SCCO, giving the stock a Zacks Earnings ESP of +0.29% heading into earnings season.

    Southern Copper Corporation Price and EPS SurpriseSouthern Copper Corporation Price and EPS Surprise

    Southern Copper Corporation price-eps-surprise | Southern Copper Corporation Quote

    Why is this Important?

    A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

    Given that SCCO has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

    Clearly, recent earnings estimate revisions suggest that good things are ahead for Southern Copper, and that a beat might be in the cards for the upcoming report.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Copper Corporation (SCCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

    Southern Copper Corporation SCCO is expected to deliver year-over-year improvement in both revenues and earnings when it reports fourth-quarter 2021 results next week. Upbeat prices for Southern Copper’s main metals might get reflected in its top-line performance. Meanwhile, the company’s concerted efforts to improve cost efficiency and productivity may have aided its earnings despite higher costs.

    Q3 Results

    In the last reported quarter, the company’s earnings and sales improved year over year. While earnings were in-line with the Zacks Consensus Estimate, revenues beat the same.The company has surpassed earnings estimates in each of the trailing four quarters, the average surprise being 6.65%.

    Southern Copper Corporation Price and EPS Surprise

    Southern Copper Corporation Price and EPS Surprise

    Southern Copper Corporation price-eps-surprise | Southern Copper Corporation Quote

    Q4 Estimates

    The Zacks Consensus Estimate for fourth-quarter 2021 earnings per share is currently pegged at $1.15, indicating an improvement of 51% from the prior-year quarter. The estimate has moved down 3% over the past 30 days. The consensus mark for the quarter’s revenues stands at $2.61 billion, suggesting year-over-year growth of 10.8%.

    What the Zacks Model Unveils

    Our proven model predicts an earnings beat for Southern Copper this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.

    Earnings ESP: The Earnings ESP for Southern Copper is 0.29%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Southern Copper currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

    Key Factors to Note

    Copper accounts for more than 80% of the company’s sales. Over the past few quarters, the company has been witnessing lower production at its Peruvian mines due to lower ore grades. This trend is expected to continue through 2022 and recover thereafter. Thus, the fourth-quarter production numbers are likely to reflect this impact. This may, however, be somewhat offset by higher production at its Mexican mines.Overall, silver production is likely to be lower on account of lesser production at Buenavista, IMMSA and Toquepala. Production of molybdenum, its main by-product, has been high due to rising production at the Peruvian mines, namely the Toquepala mine, after throughput increased at the new Molybdenum plant spurred by improvements in ore grades and recoveries at other operations. The Buenavista mine might have contributed as well.Copper prices have been trending up in the fourth quarter compared to the year-ago quarter, supported by improving demand from China amid supply worries. Zinc prices have also been improving steadily through the quarter on the back of strong demand and smelter disruption. Zinc prices even hit the highest level in 14 years in October. Molybdenum prices have been on an uptrend fueled by solid demand. However, average silver prices have been down on a year-over-year basis. Overall higher metal prices are likely to get reflected in the company’s fourth-quarter top line.Operating cash costs might have been higher in the to-be-reported quarter due to lower grades. This may have weighed on margins. Nevertheless, higher metal prices and savings from the company’s stringent cost control measures are likely to have negated some impact.

    Share Price PerformanceZacks Investment Research

    Image Source: Zacks Investment Research

    The company’s shares have declined 2.4% over the past year compared with the industry’s rally of 18.6%.

    Stocks to Consider

    Here are some Basic Materials stocks which you may consider, as our model shows that these too have the right combination of elements to post an earnings beat in their upcoming releases.CF Industries CF has an Earnings ESP of +18.88% and a Zacks Rank #1. The Zacks Consensus Estimate for the company’s earnings for the fourth quarter of 2021 indicates year-over-year growth of 662.5%.Shares of CF Industries have gained 54.7% over the past year. Over the last four quarters, CF’s earnings beat estimates in two of the trailing four quarters and missed twice, the average surprise being 97.8%.MP Materials MP has an Earnings ESP of +35.65% and a Zacks Rank #1. The Zacks Consensus Estimate for the company’s earnings for the fourth quarter of 2021 suggests a year-over-year growth of 5.56%.Shares of MP Materials have gained 35.8% over the past year. MP’s earnings topped the consensus mark in each of the trailing four quarters, the average surprise being 45.5%.Westlake Chemical WLK has an Earnings ESP of +8.13% and a Zacks Rank #2.Shares of Westlake Chemical have appreciated 24.6% over the past year. WLK’s earnings beat the consensus mark in each of the trailing four quarters, the average surprise being 17.8%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Westlake Chemical Corporation (WLK) : Free Stock Analysis Report CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report MP Materials Corp. (MP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

    United Kingdom, X0, based Investment company Royal London Asset Management Ltd (Current Portfolio) buys NVIDIA Corp, MercadoLibre Inc, Progressive Corp, Autodesk Inc, The Timken Co, sells Salesforce.com Inc, Micron Technology Inc, Exxon Mobil Corp, Snowflake Inc, Globant SA during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Royal London Asset Management Ltd. As of 2021Q4, Royal London Asset Management Ltd owns 634 stocks with a total value of $25.1 billion. These are the details of the buys and sells.

    • New Purchases: TKR, CTRE, STOR, RIVN, PATH, KAI, WMS, KD, ONL,

    • Added Positions: NVDA, MELI, PGR, ADSK, TT, TSM, DRE, ADBE, STLD, TXN, PYPL, MRNA, CNP, KB, RS, IQV, A, INTU, PEG, UNH, WAB, APD, CSX, DUK, NUE, WMT, TEL, VMW, APTV, BLL, CTRA, CE, CRL, DVN, LLY, HDB, HAL, ODFL, PCAR, O, TECH, BX, BLD, BKR, MDB, NIO, PLD, AKAM, AVY, BXP, CMS, CHKP, CINF, COO, DISCA, EOG, FMC, FNF, GPN, HST, MTCH, IFF, K, KIM, BBWI, LMT, MLM, MRVL, MBT, NEM, NI, TTWO, TDY, TYL, VRSN, WLK, WYNN, TDG, JAZZ, MASI, AWK, AGNC, LEA, GNRC, SSNC, CBOE, KKR, LYB, YNDX, EPAM, VOYA, AAL, ZEN, CTLT, CZR, HUBS, HPE, HCM, IR, ROKU, LYFT, DDOG, LI, XPEV, U, GXO, SLVM,

    • Reduced Positions: MSFT, AAPL, CRM, MU, XOM, JPM, NOC, SNOW, HCA, PINS, GS, HD, JLL, KMI, FB, JNJ, PG, SNPS, WM, AGR, ANSS, COST, FCX, PPL, PEP, UNP, CDW, GOOG, BZUN, AMT, AMAT, TFC, BAC, BLK, CSCO, DTE, HON, IDXX, NFLX, LIN, SYK, USB, VZ, ANTM, PM, ABBV, AGCO, T, ABT, ACN, AMD, MO, AME, AMGN, ADI, AZO, ADP, BDX, BIIB, BA, BSX, BMY, CVS, CASY, FIS, CVX, CME, CHD, CI, C, CSGP, KO, CL, CMCSA, CBSH, COP, CPRT, DHR, ETR, EQIX, EL, NEE, FDS, FITB, F, GE, GILD, HIG, HSY, IDA, INFY, INTC, SJM, J, KLAC, LOW, MGEE, SPGI, MRK, MTD, MS, NYT, NKE, ES, ORLY, OGE, OXY, OKE, ORCL, PNC, PAYX, PFE, BKNG, QCOM, DGX, RPM, WRK, SIRI, SBUX, STT, SYY, TJX, TGT, TSN, UPS, WRB, DIS, WFC, WMB, BRK.A, MA, LDOS, ALGT, ULTA, AVGO, CHTR, PRI, TSLA, NXPI, HII, FIVE, HLT, KHC, TTD, UBER, MMM, JOBS, ABMD, ALB, ALGN, Y, ALNY, HES, AXP, AMP, APH, AON, AJG, ATO, BBD, BK, GOLD, BAX, BBY, BMRN, CHRW, CDNS, COF, KMX, CAH, CCL, CNC, SCHW, CTAS, CTXS, CLX, CTSH, CCU, ED, BAP, DHI, DRI, DVA, DXCM, DLR, DLTR, D, DPZ, DD, EMN, ETN, DISH, ECL, EIX, EW, EA, EMR, ENIA, EFX, RE, EXAS, EXPD, FFIV, FAST, FDX, FE, FLEX, IT, GNTX, GPC, ASR, LHX, HEI, HSIC, HPQ, HOLX, HRL, HUM, HBAN, INFO, IEX, INCY, IRM, JKHY, JCI, JNPR, KEY, KMB, LRCX, LEN, LBTYA, LNC, MTB, MGM, MKL, MAR, MCK, MHK, MCO, MSI, VTRS, NVR, NDAQ, NSC, OMC, PCG, PKI, PLUG, PHM, RJF, REG, REGN, RF, RNR, RMD, ROK, ROP, ROST, RCL, SBAC, POOL, SEIC, SIVB, SLB, XPO, SRE, SHW, SWKS, SNA, NLOK, TROW, TFX, TER, TXT, TSCO, TRMB, UAL, URI, MTN, VRTX, VMC, WAT, WDC, WY, WHR, XLNX, YUM, ZBRA, ZION, EBAY, HEI.A, CMG, LEN.B, EDU, WU, LBTYK, IPGP, BR, PODD, DFS, LULU, MSCI, FTNT, VRSK, DG, FRC, FLT, MPC, FBHS, XYL, ENPH, SPLK, PSX, NOW, WDAY, NWS, NWSA, BURL, VEEV, TWTR, ALLE, ATHM, ARMK, ALLY, SC, PAYC, ANET, CFG, W, KEYS, LBRDK, QRVO, SEDG, ETSY, TDOC, SQ, TEAM, LSXMA, LSXMK, FTV, ZTO, CVNA, SPOT, DOCU, EQH, FTCH, FOXA, FOX, DOW, ZM, CARR, DKNG, ASAI,

    • Sold Out: GLOB, KSU, JXN, SCCO, VER, VMEO, DTM, CBD, DAL,

    For the details of ROYAL LONDON ASSET MANAGEMENT LTD's stock buys and sells,go to https://www.gurufocus.com/guru/royal+london+asset+management+ltd/current-portfolio/portfolio

    These are the top 5 holdings of ROYAL LONDON ASSET MANAGEMENT LTD

  • Microsoft Corp (MSFT) – 5,137,241 shares, 6.89% of the total portfolio. Shares reduced by 4.7%

  • Apple Inc (AAPL) – 7,310,461 shares, 5.18% of the total portfolio. Shares reduced by 5.07%

  • Amazon.com Inc (AMZN) – 291,649 shares, 3.88% of the total portfolio. Shares added by 0.52%

  • Alphabet Inc (GOOGL) – 332,232 shares, 3.84% of the total portfolio. Shares reduced by 0.83%

  • NVIDIA Corp (NVDA) – 2,037,053 shares, 2.39% of the total portfolio. Shares added by 36.03%

  • New Purchase: The Timken Co (TKR)

    Royal London Asset Management Ltd initiated holding in The Timken Co. The purchase prices were between $63.93 and $77.43, with an estimated average price of $70.15. The stock is now traded at around $72.960000. The impact to a portfolio due to this purchase was 0.09%. The holding were 315,432 shares as of 2021-12-31.

    New Purchase: CareTrust REIT Inc (CTRE)

    Royal London Asset Management Ltd initiated holding in CareTrust REIT Inc. The purchase prices were between $19.83 and $22.85, with an estimated average price of $21.2. The stock is now traded at around $22.270000. The impact to a portfolio due to this purchase was 0.05%. The holding were 543,321 shares as of 2021-12-31.

    New Purchase: STORE Capital Corp (STOR)

    Royal London Asset Management Ltd initiated holding in STORE Capital Corp. The purchase prices were between $32.16 and $35.11, with an estimated average price of $33.97. The stock is now traded at around $32.660000. The impact to a portfolio due to this purchase was 0.05%. The holding were 332,319 shares as of 2021-12-31.

    New Purchase: Rivian Automotive Inc (RIVN)

    Royal London Asset Management Ltd initiated holding in Rivian Automotive Inc. The purchase prices were between $89.98 and $172.01, with an estimated average price of $114.72. The stock is now traded at around $74.810000. The impact to a portfolio due to this purchase was 0.02%. The holding were 46,000 shares as of 2021-12-31.

    New Purchase: UiPath Inc (PATH)

    Royal London Asset Management Ltd initiated holding in UiPath Inc. The purchase prices were between $39.81 and $57.51, with an estimated average price of $49.2. The stock is now traded at around $35.430000. The impact to a portfolio due to this purchase was 0.01%. The holding were 75,455 shares as of 2021-12-31.

    New Purchase: Orion Office REIT Inc (ONL)

    Royal London Asset Management Ltd initiated holding in Orion Office REIT Inc. The purchase prices were between $17.64 and $31.98, with an estimated average price of $20.48. The stock is now traded at around $17.325000. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 18,559 shares as of 2021-12-31.

    Added: NVIDIA Corp (NVDA)

    Royal London Asset Management Ltd added to a holding in NVIDIA Corp by 36.03%. The purchase prices were between $197.32 and $333.76, with an estimated average price of $277.31. The stock is now traded at around $260.369000. The impact to a portfolio due to this purchase was 0.63%. The holding were 2,037,053 shares as of 2021-12-31.

    Added: MercadoLibre Inc (MELI)

    Royal London Asset Management Ltd added to a holding in MercadoLibre Inc by 70.28%. The purchase prices were between $1052.95 and $1709.98, with an estimated average price of $1396.48. The stock is now traded at around $1106.050000. The impact to a portfolio due to this purchase was 0.25%. The holding were 110,844 shares as of 2021-12-31.

    Added: Progressive Corp (PGR)

    Royal London Asset Management Ltd added to a holding in Progressive Corp by 26.69%. The purchase prices were between $90.01 and $103.97, with an estimated average price of $95.62. The stock is now traded at around $108.980000. The impact to a portfolio due to this purchase was 0.13%. The holding were 1,570,097 shares as of 2021-12-31.

    Added: Autodesk Inc (ADSK)

    Royal London Asset Management Ltd added to a holding in Autodesk Inc by 21.54%. The purchase prices were between $249.68 and $333.64, with an estimated average price of $290.9. The stock is now traded at around $253.740000. The impact to a portfolio due to this purchase was 0.11%. The holding were 564,199 shares as of 2021-12-31.

    Added: Duke Realty Corp (DRE)

    Royal London Asset Management Ltd added to a holding in Duke Realty Corp by 190.93%. The purchase prices were between $49.41 and $65.64, with an estimated average price of $58. The stock is now traded at around $58.290000. The impact to a portfolio due to this purchase was 0.07%. The holding were 407,211 shares as of 2021-12-31.

    Added: Moderna Inc (MRNA)

    Royal London Asset Management Ltd added to a holding in Moderna Inc by 42.38%. The purchase prices were between $225.82 and $368.51, with an estimated average price of $290.69. The stock is now traded at around $187.590000. The impact to a portfolio due to this purchase was 0.05%. The holding were 170,336 shares as of 2021-12-31.

    Sold Out: Globant SA (GLOB)

    Royal London Asset Management Ltd sold out a holding in Globant SA. The sale prices were between $252.3 and $354.44, with an estimated average price of $295.9.

    Sold Out: (KSU)

    Royal London Asset Management Ltd sold out a holding in . The sale prices were between $276.49 and $311.4, with an estimated average price of $299.1.

    Sold Out: Jackson Financial Inc (JXN)

    Royal London Asset Management Ltd sold out a holding in Jackson Financial Inc. The sale prices were between $26.38 and $41.83, with an estimated average price of $33.

    Sold Out: (VER)

    Royal London Asset Management Ltd sold out a holding in . The sale prices were between $46.36 and $52.16, with an estimated average price of $49.13.

    Sold Out: DT Midstream Inc (DTM)

    Royal London Asset Management Ltd sold out a holding in DT Midstream Inc. The sale prices were between $45.53 and $50.23, with an estimated average price of $47.91.

    Sold Out: Southern Copper Corp (SCCO)

    Royal London Asset Management Ltd sold out a holding in Southern Copper Corp. The sale prices were between $56.2 and $66.21, with an estimated average price of $60.23.

    Here is the complete portfolio of ROYAL LONDON ASSET MANAGEMENT LTD. Also check out:1. ROYAL LONDON ASSET MANAGEMENT LTD's Undervalued Stocks2. ROYAL LONDON ASSET MANAGEMENT LTD's Top Growth Companies, and3. ROYAL LONDON ASSET MANAGEMENT LTD's High Yield stocks4. Stocks that ROYAL LONDON ASSET MANAGEMENT LTD keeps buyingThis article first appeared on GuruFocus.

    Wall Street expects a year-over-year increase in earnings on higher revenues when Southern Copper (SCCO) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

    The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

    While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

    Zacks Consensus Estimate

    This miner is expected to post quarterly earnings of $1.18 per share in its upcoming report, which represents a year-over-year change of +55.3%.

    Revenues are expected to be $2.61 billion, up 10.8% from the year-ago quarter.

    Estimate Revisions Trend

    The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

    Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

    Price, Consensus and EPS Surprise

    Earnings Whisper

    Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

    The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

    Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

    A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

    Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

    How Have the Numbers Shaped Up for Southern Copper?

    For Southern Copper, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

    On the other hand, the stock currently carries a Zacks Rank of #3.

    So, this combination makes it difficult to conclusively predict that Southern Copper will beat the consensus EPS estimate.

    Does Earnings Surprise History Hold Any Clue?

    While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

    For the last reported quarter, it was expected that Southern Copper would post earnings of $1.12 per share when it actually produced earnings of $1.12, delivering no surprise.

    Over the last four quarters, the company has beaten consensus EPS estimates three times.

    Bottom Line

    An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

    That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

    Southern Copper doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Copper Corporation (SCCO) : Free Stock Analysis Report To read this article on Zacks.com click here.

    These three stocks are yielding between 5.3% and 7.9%, but they are trading at low valuations with strong catalysts to appreciate.

    FCX stock led a rally among mining stocks as the copper prices climbed on hopes for robust global growth as the omicron variant recedes.

    For Immediate Release

    Chicago, IL – January 11, 2022 – Today, Zacks Equity Research discusses Freeport-McMoRan Inc. FCX, Southern Copper Corp. SCCO and Energy Fuels Inc. UUUU.

    Industry: Non-Ferrous

    Link: https://www.zacks.com/commentary/1849563/3-non-ferrous-metal-mining-stocks-to-watch-amid-industry-woes

    The prospects of the Zacks Mining – Non Ferrous industry look bleak at the moment given apprehensions regarding slowing demand and economic activity due to the rapid spread of the Omicron variant. On top of this, the industry players are grappling with inflated input costs, labor shortages and supply chain issues.

    In this scenario we suggest keeping an eye out for companies like Freeport-McMoRan Inc., Southern Copper Corp. and Energy Fuels Inc. These are poised to gain on the back of their endeavors to build reserves, and control costs while investing in technology and improving production efficiency.

    About the Industry

    The Zacks Mining – Non Ferrous industry comprises companies that produce non-ferrous metals, including copper, gold, silver, cobalt, molybdenum, zinc, aluminum and uranium. These metals are utilized by a wide array of industries that include aerospace, automotive, packaging, construction, machinery, electronics, transportation, jewelry, chemical, and nuclear energy.

    Mining is a long, complex and capital-intensive process. Significant exploration and development to evaluate the size of the deposit followed by assessment of ways to extract and process the ore efficiently, safely and responsibly precedes actual mining. The miners continually search for opportunities to grow their reserves and resources through targeted near-mine exploration and business development. They strive to upgrade and improve the quality of their existing assets, internally and through acquisitions.

    What's Shaping the Future of Mining-Non Ferrous Industry

    The Imminent Threat of Omicron Variant: When the coronavirus pandemic struck, it impacted non-ferrous metal prices last year barring gold, which gained on the safe-haven demand. Miners had to curtail or stop production to adhere to restrictions imposed by various governments to stem the spread of COVID-19.

    The slowdown in industrial activity severely impacted demand for industrial metals like copper and silver. Commodity prices have regained ground since, courtesy of improving industrial activity globally, the rollout of vaccines, optimism regarding a strong US economic growth and robust demand from China. However, the rising number of infections due to the Omicron variant and impending fears that it might hamper the ongoing economic recovery might hurt the industry again.

    Cost Control & Innovation to Increase Efficiency: The industry has been facing a shortage of skilled workforce, which has led to a spike in wages. Labor-related disputes can be damaging to production and revenues. The industry players are grappling with escalating production costs including electricity, water and materials as well as supply chain issues.

    Since the industry cannot control the prices of its products, it focuses on improving sales volume, operating cash flow and lowering unit net cash costs. The industry participants are opting for alternate energy sources in order to minimize fuel-price volatility and secure supply. Miners are now committed to cost-reduction strategies and digital innovation to drive operating efficiencies.

     Impending Demand and Supply Imbalance: The industry players are currently dealing with depleting resources, declining supply in old mines and lack of new mines. Development projects are inherently risky and capital intensive. Demand for non-ferrous metals will remain high in the future given their wide usage in primary sectors including transportation, electricity, construction, telecommunication, energy, information technology and materials.

    The passage of the $1.2 trillion infrastructure bill in the House instills confidence. The plan to overhaul and upgrade the nation’s infrastructure and promote green policies will require a huge amount of non-ferrous metals. While demand remains strong, there will be an eventual deficit in metal supply leading to a situation that will bolster metal prices. This, in turn, will favor the industry in the long haul.

    Zacks Industry Rank Indicates Weak Prospects

    The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy prospects in the near term. The Zacks Mining – Non Ferrous industry, which is an 11 stock group within the broader Zacks Basic Materials Sector, currently carries a Zacks Industry Rank #169, which places it at the bottom 33% of 256 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

    Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Over the past month, the industry’s earnings estimate for the current year has gone down 1%.

    Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.

    Industry Lags S&P 500 But Outperforms Sector

    The Zacks Mining- Non Ferrous Industry has outperformed its own sector but lagged the Zacks S&P 500 composite over the past 12 months. The stocks in this industry have collectively gained 12.8% in the past year compared with the Zacks Basic Materials sector growth of 0.8%. The S&P 500 has rallied 23.8% in the said time frame.

    Industry's Current Valuation

    On the basis of the forward 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing Mining- Non Ferrous stocks, we see that the industry is currently trading at 5.62X compared with the S&P 500’s 14.78X. The Basic Materials sector’s trailing 12-month EV/EBITDA is at 5.55X.

    Over the last five years, the industry has traded as high as 8.88X and as low as 4.80X, with the median being at 6.40X.

    3 Mining-Non Ferrous Stocks to Keep an Eye On

    Freeport-McMoRan: The company’s exploration activities near existing mines, which are focused on expanding reserves, will drive growth. Freeport-McMoRan will benefit from an ongoing large-scale concentrator expansion project at Cerro Verde that will provide incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum.

    Cerro Verde's expanded operations benefit from cost efficiencies, and large-scale and long-lived reserves. It completed the Lone Star copper leach project and is on track to produce around 200 million pounds of copper annually. Focus on cost management and lowering debt levels is commendable. Shares of the company have gained 18.8% over the past three months.

    Based in Phoenix, AZ, Freeport-McMoRan is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; and smelting and refining of copper concentrates. The Zacks Consensus Estimate for earnings for fiscal 2022 has moved up 19% over the past 90 days.

    The estimate indicates year-over-year growth of 28.1%. FCX has a trailing four-quarter earnings surprise of 4.3%, on average. It has a long-term estimated earnings growth rate of 29%. The company currently carries a Zacks Rank #3 (Hold).

    You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

    Southern Copper: The company has the largest copper reserves in the industry and operates high-quality, world-class assets in investment-grade countries, such as Mexico and Peru. Its constant focus on increasing low-cost production is commendable. It will gain from its efforts to grow in Peru given that the country is currently the second-largest producer of copper globally and holds 13% of the world’s copper reserves.

    Peru’s national output is anticipated to grow to 225000 tons in 2022. Southern Copper’s total investment program in Peru runs to $7.9 billion. The company maintains its target to produce 1.9 million tons by 2028 by developing its organic growth projects. Backed by these factors, shares of the company have gained 9.1% in the last three months.

    The Zacks Consensus Estimate for the Phoenix, AZ-based company’s fiscal 2022 earnings has been revised upward by 4% over the past 60 days. It has a trailing four-quarter earnings surprise of 6.6%, on average. The company, which engages in mining, exploring, smelting, and refining copper and other minerals, has a long-term estimated earnings growth of 16%. It currently carries a Zacks Rank #3.

    Energy Fuels: The company recently joined forces with Nanoscale Powders LLC for the development of a novel technology for the production of rare earth element ("REE") metals that is expected to revolutionize the rare earth metal making industry by lowering production costs, reducing energy consumption and minimizing greenhouse gas emissions. Shares of the company have appreciated 29.7% over the past three months along with uranium prices due to the entry of financial entities into the market who are buying uranium on the spot market with a stated intent to hold the inventory for the long term.

    With several existing uranium mines on standby and significant inventories, the company is actively seeking out opportunities to supply uranium to nuclear utilities under term contracts while also evaluating the potential to sell some inventory on the spot market to capitalize on the price increases and market improvement. Energy Fuels continues to make rapid progress toward positioning its White Mesa Mill as the country’s "Critical Minerals Hub," by maintaining the Mill's key uranium and vanadium production capabilities while further diversifying its portfolio to include rare earth elements production.

    The Lakewood, CO-based company, is a leading U.S.-based uranium mining company, supplying uranium to major nuclear utilities. It produces vanadium from certain of its projects. The Zacks Consensus Estimate for the company’s fiscal 2022 earnings has remained unchanged over the past 60 days and indicates year-over-year growth of 38%. It currently carries a Zacks Rank #3.

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    Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report Energy Fuels Inc (UUUU) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

    Copper prices surged around 25% this year. The recovery in industrial demand worldwide, optimism regarding economic growth, demand in top consumer China, disruptions in top producers Chile and Peru, and Biden’s infrastructure plan all worked in favor of the metal. So far this year, copper ranged from a low of $3.5035 per pound in February to an all-time high of $4.8840 per pound in May. It is currently at around $4.42 per pound, with the yearly average at around $4.24 per pound.Supply constraints, low stockpiles and a solid long-term demand outlook supported by the ongoing green energy revolution are likely to keep copper prices elevated. We suggest keeping an eye on stocks like BHP Group BHP, Freeport-McMoRan Inc. FCX, Southern Copper Corporation SCCO and Teck Resources Limited TECK that are well-poised to capitalize on this growth trend.

    Copper “Charging Ahead”

    Copper is a metal essential to the global economy and will play a crucial role in the achievement of the global clean energy transition. Copper is the third most consumed industrial metal in the world, according to the U.S. Geological Survey. Given its widespread use, copper has long been considered as a bellwether for the global economy. The International Monetary Fund’s (“IMF”) forecast anticipates the world economy to expand by 4.9% in 2022. Beyond 2022, global growth is projected to moderate to about 3.3% over the medium term. Sustained growth in copper demand is anticipated to continue as the metal is essential to economic activity. Infrastructure development in major countries such as China and India will particularly support demand.The increasing global awareness regarding cleaner energy and electric cars will be a key catalyst for copper demand in the long term. The red metal is an essential component in EVs and is utilized in electric motors, batteries, inverters and wiring. According to the International Copper Association (“ICA”), while conventional cars contain 18 to 49 pounds of copper, plug-in hybrid electric vehicles (PHEV) use 132 pounds and battery electric vehicles (BEV) contain 183 pounds. The EV charging infrastructure is largely based on copper-based technologies. Per the International Energy Agency, clean energy technologies will account for around 45% of copper demand in 2040, higher than 24% in 2020. Per Statista, global copper demand for charging infrastructure is expected to reach some 115,000 metric tons by 2025.Chile and Peru together account for close to 40% of the world’s copper production. Supply from these countries had been under pressure due to the impact of the coronavirus pandemic. The emergence of new strains might lead to operations being disrupted again and thus impact copper supply. Also, a new taxes and royalties bill in Chile, which has already approved by the Senate could, if unaltered, may put around 25% of the copper output from the country at risk. Under the proposed change, the royalty rate would be based on output rather than profits and could rise to 75% when copper prices exceed $4 per pound. This might lead to several companies ceasing operations in the country, as they are already running at high costs. In Peru, the second-largest producer, community protests against mining projects is becoming an increasing threat. These developments might put the copper output in jeopardy.Also, grade decline, rising input costs, water constraints and scarcity of high-quality future development opportunities continue to constrain the metal’s supply. This demand-supply imbalance will probably push copper prices north, which bodes well for miners. Miners are now committed to cost-reduction strategies and digital innovation to drive operating efficiencies, which will also drive margins in the long haul.Copper miners fall under the Zacks Mining – Non-Ferrous industry, which has gained 22.4% year-to-date compared with the broader Basic Materials sector’s growth of 6.3%.

    Zacks Investment Research

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    4 Copper Stocks to Keep an Eye On

    We suggest you keep an eye on these copper-mining stocks. We have handpicked four such stocks that have a Zacks Rank #3 (Hold) and a VGM Score of A. Our research shows that stocks with such a combination offer the best investment opportunities.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.BHP Group: Aided by its strong cash flow, the company has lowered its long-term debt level considerably over the past few years, which will contribute to growth. Efforts to make operations more efficient through smarter technology adoption across the entire value chain will continue to aid in reducing costs, thereby bolstering the company’s margins. BHP intends to unify its corporate structure from two-parent companies into one. This move will aid its strategy to focus on commodities (copper, nickel and potash) that will help it ride on growing global trends such as decarbonisation, electrification population growth, rising living standards in the developing countries among others. The company has completed the Spence Growth Option copper project, which is expected to average 300,000 tons per annum of production (including cathodes) over the first four years.Headquartered in Melbourne, Australia, BHP Group engages in exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. BHP has a long-term estimated earnings growth rate of 4%. The Zacks Consensus Estimate for the company’s fiscal 2022 earnings suggests year-over-year growth of 3%.Freeport-McMoRan: The company is conducting exploration activities near existing mines with a focus on opportunities to expand reserves. Freeport-McMoRan will benefit from an ongoing large-scale concentrator expansion project at Cerro Verde that will provide incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. Cerro Verde's expanded operations benefit from cost efficiencies, and large-scale and long-lived reserves. It completed the Lone Star copper leach project and is on track to produce around 200 million pounds of copper annually. The company's effective cost management and efforts to reduce debt levels appear encouraging.This Phoenix, AZ-based company is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; and smelting and refining of copper concentrates. The Zacks Consensus Estimate for Freeport-McMoRan’s earnings for fiscal 2022 indicates year-over-year improvement of 23.7%. The estimates have been revised upward by 14% over the past 60 days. The company has a long-term estimated earnings growth rate of 29%.Southern Copper Corporation: The company has the largest copper reserves in the industry and operates high-quality, world-class assets in investment grade countries, such as Mexico and Peru. Its constant focus on increasing low-cost production is commendable. The company will gain from its efforts to grow in Peru given that the country is currently the second-largest producer of copper globally and holds 13% of the world’s copper reserves. It is worth mentioning that Peru’s national output is anticipated grow to 225000 tons in 2022. Southern Copper’s total investment program in Peru runs to $7.9 billion. The company maintains its target to produce 1.9 million tons by 2028 by developing its organic growth projects.This company based in Phoenix, AZ engages in mining, exploring, smelting, and refining copper and other minerals. The Zacks Consensus Estimate for Southern Copper’s earnings for 2022 has moved north by 5% in 60 days’ time. SCCO has a long-term estimated earnings growth rate of 16.1%.Teck Resources: The company has a portfolio of world-class assets in stable jurisdictions and a solid pipeline of projects. The progression of the flagship QB2 copper growth project crossed the two-third mark in the third quarter of 2021 despite the COVID-19 impact in Chile. The first production is expected in the second half of 2022. Once completed, QB2 will transform the company’s copper business, making it a major global copper producer. It has several other copper growth projects in the pipeline to help meet future global copper demand. The company continues to implement its innovation-driven efficiency program, RACE21, which is expected to improve productivity across the business and drive annualized EBITDA growth.Vancouver, Canada-based Teck Resources is a diversified resource company committed to mining and mineral development with business units focused on steelmaking coal, copper, zinc and energy. The Zacks Consensus Estimate for the company’s earnings for 2022 has moved up 21% over the past 60 days. TECK has a long-term estimated earnings growth rate of 37.8%.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

    These are the top dividend stocks in the Russell 1000 with the highest forward dividend yield for January.

    The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of September 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Southern Copper Corporation (NYSE:SCCO).

    Southern Copper Corporation (NYSE:SCCO) shares haven't seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 23 hedge funds' portfolios at the end of the third quarter of 2021. Our calculations also showed that SCCO isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings). At the end of this article we will also compare SCCO to other stocks including Canadian Pacific Railway Limited (NYSE:CP), Newmont Corporation (NYSE:NEM), and Canadian Natural Resources Limited (NYSE:CNQ) to get a better sense of its popularity.

    Jim Simons of Renaissance Technologies

    At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Keeping this in mind we're going to analyze the latest hedge fund action surrounding Southern Copper Corporation (NYSE:SCCO).

    Do Hedge Funds Think SCCO Is A Good Stock To Buy Now?

    At the end of September, a total of 23 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards SCCO over the last 25 quarters. With hedge funds' sentiment swirling, there exists an "upper tier" of notable hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).

    Is SCCO A Good Stock To Buy?

    According to Insider Monkey's hedge fund database, Fisher Asset Management, managed by Ken Fisher, holds the biggest position in Southern Copper Corporation (NYSE:SCCO). Fisher Asset Management has a $203.1 million position in the stock, comprising 0.1% of its 13F portfolio. The second largest stake is held by Two Sigma Advisors, managed by John Overdeck and David Siegel, which holds a $38.3 million position; 0.1% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors that hold long positions consist of Renaissance Technologies, D. E. Shaw's D E Shaw and Peter Rathjens, Bruce Clarke and John Campbell's Arrowstreet Capital. In terms of the portfolio weights assigned to each position Navellier & Associates allocated the biggest weight to Southern Copper Corporation (NYSE:SCCO), around 0.41% of its 13F portfolio. Hosking Partners is also relatively very bullish on the stock, designating 0.28 percent of its 13F equity portfolio to SCCO.

    Seeing as Southern Copper Corporation (NYSE:SCCO) has witnessed bearish sentiment from hedge fund managers, it's safe to say that there exists a select few funds who were dropping their entire stakes in the third quarter. At the top of the heap, Ray Dalio's Bridgewater Associates sold off the largest investment of the "upper crust" of funds monitored by Insider Monkey, worth an estimated $15 million in stock. Dmitry Balyasny's fund, Balyasny Asset Management, also dropped its stock, about $1 million worth. These moves are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

    Let's also examine hedge fund activity in other stocks – not necessarily in the same industry as Southern Copper Corporation (NYSE:SCCO) but similarly valued. We will take a look at Canadian Pacific Railway Limited (NYSE:CP), Newmont Corporation (NYSE:NEM), Canadian Natural Resources Limited (NYSE:CNQ), National Grid plc (NYSE:NGG), Spotify Technology S.A. (NYSE:SPOT), Dow Inc. (NYSE:DOW), and Simon Property Group, Inc (NYSE:SPG). All of these stocks' market caps are similar to SCCO's market cap.

    [table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position CP,38,6638996,13 NEM,48,774451,-7 CNQ,27,956988,0 NGG,5,314057,-2 SPOT,48,3038733,0 DOW,42,747419,2 SPG,38,726426,1 Average,35.1,1885296,1 [/table]

    View table here if you experience formatting issues.

    As you can see these stocks had an average of 35.1 hedge funds with bullish positions and the average amount invested in these stocks was $1885 million. That figure was $403 million in SCCO's case. Newmont Corporation (NYSE:NEM) is the most popular stock in this table. On the other hand National Grid plc (NYSE:NGG) is the least popular one with only 5 bullish hedge fund positions. Southern Copper Corporation (NYSE:SCCO) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for SCCO is 51.5. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 31.1% in 2021 through December 9th and still beat the market by 5.1 percentage points. A small number of hedge funds were also right about betting on SCCO as the stock returned 10.7% since the end of the third quarter (through 12/9) and outperformed the market by an even larger margin.

    Get real-time email alerts: Follow Southern Copper Corp (NYSE:SCCO)

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    Disclosure: None. This article was originally published at Insider Monkey.

    These are the top dividend stocks in the Russell 1000 with the highest forward dividend yield for December.

    These are the materials stocks with the best value, fastest growth, and most momentum for October 2021.

    These are the top dividend stocks in the Russell 1000 with the highest forward dividend yield for November.

    Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") provides the following update with respect to the previously announced transaction with ReVolve Renewable Power Limited (or "ReVolve") (see PMI News Release dated June 24, 2021).

    Subscription Receipt Financing

    The Company announces that it has initiated a subscription receipt financing to raise up to $1,500,000 (the "PMI Financing"). The PMI Financing consists of the sale of up to 3,000,000 Units at a price of $.50 per Unit, with each Unit comprising one post-consolidation common share and one full warrant to purchase an additional post consolidation common share at a price of $.75 per share for a period of eighteen months. The PMI Financing is subject to the approval of the TSX Venture Exchange, and closing is subject to the closing of the previously announced transaction with ReVolve.

    Sale of Philippine Subsidiary

    The Company announces that it has agreed to sell its Philippine subsidiary, Pacific Metals Canada Philippines Inc. ("PMCPI"), to an arm's length third party, Mr. Peter Draper, for the sum of $1.00 on an "as is, where is" basis. Additionally, and concurrently with the sale of PMCPI to Mr. Draper, PHI will acquire from PMCPI a 1.0% Net Smelter Royalty interest in two properties known as the Malitao Project and the Dilong Project in the Philippines.

    PMCPI is currently on care and maintenance, with no active operations. PMCPI's only asset is the Malitao Project, located in Apayao Province, Philippines. Malitao has been the subject of an adverse claim filed in 2010 (see PHI News Release dated September 23, 2010) and, since that time, no active field work has been conducted on the claims. Further, its Dilong Project was the subject of a cancellation order by the Philippine Government (see PHI News Release dated April 21, 2011) and the Company has been unsuccessful to date in having the project reinstated.

    Closing of the sale of PMCPI is subject to the approval of the TSX Venture Exchange and several regulatory authorities in the Philippines. Upon completion of the sale, and as part of the ongoing transaction with ReVolve Renewable Power Limited, PHI plans to wind up its two Guernsey subsidiaries (whose sole purpose was to hold shares in the Philippine subsidiary).

    For more information, please contact the undersigned.

    ON BEHALF OF THE BOARD

    "Craig T. Lindsay"

    Chief Executive Officer

    For additional information, please contact:

    Craig Lindsay
    Tel: (604) 218-0550
    Email: craig@agcap.ca

    Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100706

    This article first appeared on Simply Wall St News.

    With the inflation pressures now undeniable, the question of finding a place to park the cash becomes a dire necessity for some.

    Yet, with the real estate peaking, stock market overheating and commodities not yielding, turning to thematic investing might be an ultimate solution.

    All Hail the King of Green Metals

    As a hard commodity, copper generally does well in the inflationary environment, yet it could do particularly well in the 2020s. Sometimes titled "The king of green metals," copper is a principal component in many pressing environmental solutions. From solar power, hydropower, wind power, and electric vehicles.

    According to estimates, a pure electric car needs 20% more copper on average than a typical gasoline-powered one. While this adds to the costs of automotive manufacturers, it presents an opportunity for copper miners and their investors.

    As a long interest of traditional miners, copper is catching interest from digital miners as well, with the launch of Cuprum Coin – a copper-backed cryptocurrency currently in the pre-sale phase.

    Given the trends, established copper miners like Freeport-McMoRan Inc. (NYSE: FCX) provide an excellent opportunity to hedge against inflation while earning a dividend yield. If they're undervalued, as our intrinsic analysis suggests, that is just a cherry on the top of the cake.

    The company reported a solid third-quarter result with improved earnings, revenues, and profit margins.

    Third-quarter 2021 results:

    • Revenue: US$6.08b (up 58% from 3Q 2020).

    • Net income: US$1.40b (up 329% from 3Q 2020).

    • Profit margin: 23% (up from 8.5% in 3Q 2020).

    The increase in margin was driven by higher revenue. Over the last 3 years, on average, earnings per share have increased by 3% per year, but its share price has risen by 49% per year, which means it is tracking significantly ahead of earnings growth.

    Estimating the Intrinsic Value

    We generally believe that a company's value is the present value of all cash it will generate in the future. However, Discounted Cash Flow (DCF) model is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, look at the Simply Wall St analysis model.

    View our latest analysis for Freeport-McMoRan

    Crunching the numbers

    We will use a two-stage DCF model, which, as the name states, considers two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second "steady growth" period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible, we use analyst estimates, but when these aren't available, we extrapolate the previous free cash flow (FCF) from the last estimate or reported value.

    We assume companies with shrinking free cash flow will slow their rate of shrinkage and that companies with growing free cash flow will see their growth rate slow over this period. We do this to reflect that growth tends to slow more in the early years than in later years.

    A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

    10-year free cash flow (FCF) forecast

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    2031

    Levered FCF ($, Millions)

    US$4.93b

    US$7.02b

    US$6.67b

    US$7.82b

    US$8.55b

    US$9.17b

    US$9.68b

    US$10.1b

    US$10.5b

    US$10.8b

    Growth Rate Estimate Source

    Analyst x7

    Analyst x4

    Analyst x5

    Analyst x4

    Est @ 9.39%

    Est @ 7.16%

    Est @ 5.6%

    Est @ 4.51%

    Est @ 3.74%

    Est @ 3.21%

    Present Value ($, Millions) Discounted @ 7.0%

    US$4.6k

    US$6.1k

    US$5.4k

    US$6.0k

    US$6.1k

    US$6.1k

    US$6.0k

    US$5.9k

    US$5.7k

    US$5.5k

    ("Est" = FCF growth rate estimated by Simply Wall St)
    Present Value of 10-year Cash Flow (PVCF) = US$57b

    We now need to calculate the Terminal Value, which accounts for all the future cash flows after these ten years. For a number of reasons, a very conservative growth rate is used that cannot exceed that of a country's GDP growth.

    In this case, we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way, as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.0%.

    Terminal Value (TV)= FCF2031 × (1 + g) ÷ (r – g) = US$11b× (1 + 2.0%) ÷ (7.0%– 2.0%) = US$218b

    Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$218b÷ ( 1 + 7.0%)10= US$110b

    The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$168b. In the final step, we divide the equity value by the number of shares outstanding. Compared to the current share price of US$37.7, the company appears potentially underpriced at a discount of over 50%.

    While this can mean we are looking at a bargain, it also mandates examining the model numbers further as there might be some hidden reasons why the stock appears that cheap.

    dcfdcf
    dcf

    Important assumptions

    We would point out that the most critical inputs to a discounted cash flow are the discount rate and, of course, the actual cash flows.

    The DCF also does not consider the possible cyclicality of an industry or a company's future capital requirements, so it does not give a complete picture of its potential performance.

    Given that we are looking at Freeport-McMoRan as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC), which accounts for debt. We've used 7.0% in this calculation, which is based on a levered beta of 1.158.

    Beta is a measure of a stock's volatility compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

    Moving On:

    While the DCF model is not a perfect valuation tool, it helps us assess the company's overall picture.

    Although there might be more to the story, investing in copper remains one of the best ways to offset the inflation in the 2020s and mandates further look into the company.

    For Freeport-McMoRan, we've compiled three fundamental factors you should further research:

    1. Risks: For example, we've discovered 2 warning signs for Freeport-McMoRan (1 is a bit unpleasant!) that you should be aware of before investing here.

    2. Future Earnings: How does FCX's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

    3. Other Solid Businesses: Low debt, high returns on equity, and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

    PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks, search here.

    Simply Wall St analyst Stjepan Kalinic and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

    VANCOUVER, BC, Oct. 25, 2021 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") is pleased to announce that it has successfully concluded its 2021 surface diamond drill program (for detail see news releases, June 17, 2021, June 24, 2021, and August 24, 2021) for the season at its Revel Ridge Project with 10,747 metres cored in 39 holes.

    Rokmaster Resources Corp. Logo (CNW Group/Rokmaster Resources Corp.)Rokmaster Resources Corp. Logo (CNW Group/Rokmaster Resources Corp.)
    Rokmaster Resources Corp. Logo (CNW Group/Rokmaster Resources Corp.)

    Underground diamond drilling (fully permitted until August 2022) will resume on November 8, 2021. The drilling is being conducted under contract by Hy-Tech Drilling Ltd. of Smithers, B.C., under the supervision of Dr. James "Jim" Oliver, P. Geo.

    The focus of the next stage of drilling will recover larger HQ size drill core from existing underground workings to obtain additional metallurgical samples from depth, while continuing to expand the Main, Hanging and Footwall Zones.

    Work on updating the current NI 43-101 resource at Revel Ridge is continuing and surface assays are pending.

    Corporate presentations, figures and photos are available on Rokmaster's website at https://www.rokmaster.com/projects/revel-ridge/

    On behalf of the Board of Directors,

    "John Mirko"

    John Mirko, President and Chief Executive Officer.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
    This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

    SOURCE Rokmaster Resources Corp.

    CisionCision
    Cision

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/25/c6153.html

    In this article we will take a look at whether hedge funds think Rio Tinto Group (NYSE:RIO) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.

    Rio Tinto Group (NYSE:RIO) investors should be aware of a decrease in enthusiasm from smart money of late. Rio Tinto Group (NYSE:RIO) was in 21 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 26. There were 25 hedge funds in our database with RIO positions at the end of the first quarter. Our calculations also showed that RIO isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

    Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 79 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

    best defensive stocks to buy according to ken fisherbest defensive stocks to buy according to ken fisher
    best defensive stocks to buy according to ken fisher

    Ken Fisher of Fisher Asset Management

    At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to take a look at the latest hedge fund action regarding Rio Tinto Group (NYSE:RIO).

    Do Hedge Funds Think RIO Is A Good Stock To Buy Now?

    At the end of June, a total of 21 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -16% from one quarter earlier. On the other hand, there were a total of 20 hedge funds with a bullish position in RIO a year ago. With hedgies' sentiment swirling, there exists a few noteworthy hedge fund managers who were adding to their stakes considerably (or already accumulated large positions).

    Is RIO A Good Stock To Buy?Is RIO A Good Stock To Buy?
    Is RIO A Good Stock To Buy?

    Among these funds, Fisher Asset Management held the most valuable stake in Rio Tinto Group (NYSE:RIO), which was worth $1084.4 million at the end of the second quarter. On the second spot was Arrowstreet Capital which amassed $156.8 million worth of shares. Masters Capital Management, Impala Asset Management, and Citadel Investment Group were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Impala Asset Management allocated the biggest weight to Rio Tinto Group (NYSE:RIO), around 5.06% of its 13F portfolio. Impala Asset Management is also relatively very bullish on the stock, dishing out 3.24 percent of its 13F equity portfolio to RIO.

    Judging by the fact that Rio Tinto Group (NYSE:RIO) has experienced falling interest from hedge fund managers, it's safe to say that there is a sect of money managers that slashed their positions entirely in the second quarter. At the top of the heap, Ken Heebner's Capital Growth Management dumped the biggest investment of all the hedgies monitored by Insider Monkey, valued at close to $23.3 million in stock, and Benjamin A. Smith's Laurion Capital Management was right behind this move, as the fund said goodbye to about $23.3 million worth. These transactions are important to note, as total hedge fund interest fell by 4 funds in the second quarter.

    Let's now review hedge fund activity in other stocks similar to Rio Tinto Group (NYSE:RIO). We will take a look at HDFC Bank Limited (NYSE:HDB), Intuit Inc. (NASDAQ:INTU), BlackRock, Inc. (NYSE:BLK), American Express Company (NYSE:AXP), Starbucks Corporation (NASDAQ:SBUX), Sanofi (NYSE:SNY), and International Business Machines Corp. (NYSE:IBM). This group of stocks' market caps are similar to RIO's market cap.

    [table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position HDB,39,1731917,12 INTU,66,5382791,-2 BLK,47,1282801,5 AXP,52,28660485,-1 SBUX,63,4757968,2 SNY,16,1261299,1 IBM,41,1373521,0 Average,46.3,6350112,2.4 [/table]

    View table here if you experience formatting issues.

    As you can see these stocks had an average of 46.3 hedge funds with bullish positions and the average amount invested in these stocks was $6350 million. That figure was $1420 million in RIO's case. Intuit Inc. (NASDAQ:INTU) is the most popular stock in this table. On the other hand Sanofi (NYSE:SNY) is the least popular one with only 16 bullish hedge fund positions. Rio Tinto Group (NYSE:RIO) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for RIO is 30.2. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 24% in 2021 through October 22nd and surpassed the market again by 1.6 percentage points. Unfortunately RIO wasn't nearly as popular as these 5 stocks (hedge fund sentiment was quite bearish); RIO investors were disappointed as the stock returned -19.7% since the end of June (through 10/22) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2021.

    Get real-time email alerts: Follow Rio Tinto Plc (NYSE:RIO)

    Suggested Articles:

    Disclosure: None. This article was originally published at Insider Monkey.

    TSX-V: GBR

    VANCOUVER, BC, Oct. 25, 2021 /CNW/ – Great Bear Resources Ltd. (the "Company" or "Great Bear"), (TSXV: GBR) (OTCQX: GTBAF) today reported gold recovery test results from its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.

    Chris Taylor, President and CEO of Great Bear said, "We selected what were anticipated to be the 'most difficult' mineralized domains to extract gold from at the LP Fault, and are pleased to report very high gold recoveries at all grades. This has strong positive implications for the future development potential of the Dixie project. Similar very high gold recoveries from the Dixie Limb and Hinge zones using comparable grinding and cyanidation protocols indicates mineralized material from all gold zones is likely amenable to processing through the same extraction circuits. Initial LP Fault cyanidation gold recovery tests confirm that non-refractory, free gold dominates all low to high-grade domains tested to-date. All Dixie gold zones have excellent potential for significant gravity circuit gold recoveries, which will be investigated in the next phase of metallurgical testing."

    Highlights of Gold Recovery Results

    Ten one kilogram representative samples were analyzed at Blue Coast Research Ltd. ("Blue Coast") of Parksville, British Columbia (Table 1). Samples were composited from 10 to 13 metre long core intervals and were processed through a standard 48 hour bottle roll procedure at 40% solids, using a 1.0 g/L sodium cyanide solution.

    • All tested combinations of grades, host rocks, sulphide content and alteration styles recovered a very high percentage of total gold, within a four percent range from 95.2% to 99.2%. While high-grade gold samples recovered the highest percentage of total gold during cyanidation, sub-gram low-grade gold mineralization nonetheless achieved excellent recoveries of greater than 95 percent. Table 2 and Figure 1.

    • LP Fault gold mineralization is not refractory. All samples, regardless of grade, were described as "free-milling", indicating gold is not encapsulated in sulphide accessory minerals. Free gold mineralization has repeatedly been observed and reported by Great Bear, including during petrographic/microscope analysis (see news release of September 22, 2020).

    Table 1: Metallurgical sample descriptions.

    Test ID

    Grade
    Range

    (Au g/t)

    Total
    Weight
    (kg)

    Core
    length

    (m)

    Comments

    CN21,22

    0.50 – 1.0

    19.62

    12.30

    Lower-grade bulk tonnage halo, felsic volcanic with
    trace sphalerite, < 3% pyrite

    CN19,20

    1.3 – 1.6

    19.86

    10.10

    Bulk tonnage halo, felsic volcanic/metasediment, < 2%
    pyrite, trace arsenopyrite

    CN17,18

    4.1 – 4.2

    21.26

    10.65

    Transitional mid-grade mineralization proximal to
    high-grade domains, felsic volcanic < 2.5% pyrite, trace sphalerite,
    < 1% arsenopyrite

    CN13,14

    9.2

    21.46

    13.00

    High-grade from the Auro2 domain which includes the
    highest observed accessory arsenopyrite content,
    felsic volcanic < 1% pyrite, trace pyrrhotite, 0.3 – 10%
    arsenopyrite

    CN15,16

    > 20.0

    21.28

    11.85

    High-grade from the Auro2 domain, felsic volcanic.
    Up to 10% arsenopyrite < 3% pyrite, trace sphalerite

    Table 2: Gold recovery results from LP Fault composite samples.

    Test ID

    Purpose

    NaCN
    Conc
    (g/L)

    %
    Solids

    Primary
    Grind
    (p80,
    µm)

    NaCN
    Consumption
    (kg/t)

    48 hr Au
    Recovery
    (%)

    Residue
    Grade (Au,
    g/t)

    Calculated
    Head Grade
    (Au, g/t)

    CN-13

    Baseline

    1

    40

    77

    0.19

    98.0

    0.18

    9.24

    CN-14

    Lead Nitrate

    1

    40

    75

    0.22

    97.7

    0.21

    9.23

    CN-15

    Baseline

    1

    40

    75

    0.23

    99.2

    0.19

    22.98

    CN-16

    Lead Nitrate

    1

    40

    74

    0.27

    98.7

    0.34

    26.58

    CN-17

    Baseline

    1

    40

    75

    0.18

    97.5

    0.11

    4.19

    CN-18

    Lead Nitrate

    1

    40

    74

    0.12

    97.3

    0.11

    4.08

    CN-19

    Baseline

    1

    40

    75

    0.12

    96.3

    0.06

    1.59

    CN-20

    Lead Nitrate

    1

    40

    74

    0.19

    96.4

    0.05

    1.36

    CN-21

    Baseline

    1

    40

    77

    0.23

    95.2

    0.04

    0.75

    CN-22

    Lead Nitrate

    1

    40

    74

    0.12

    95.9

    0.04

    0.97

    Figure 1: LP Fault zone gold recovery curves showing time-weighted gold recoveries. (CNW Group/Great Bear Resources Ltd.)Figure 1: LP Fault zone gold recovery curves showing time-weighted gold recoveries. (CNW Group/Great Bear Resources Ltd.)
    Figure 1: LP Fault zone gold recovery curves showing time-weighted gold recoveries. (CNW Group/Great Bear Resources Ltd.)

    Ongoing Metallurgical Testing

    The samples reported here represent the most mineralogically complex intervals drilled to date at the LP Fault and have higher accessory sulphide content than the zone's average. In most gold deposits, zones with higher sulphide content have lower gold recoveries than zones with lower sulphide content.

    • Accessory sulphide content had no measurable effect on gold recoveries, confirming that gold is not present within sulphide mineral crystal structures.

    • Autoclave processing will not be required for LP Fault mineralized material.

    • Additional gold recovery testing of low-sulphide material is now also underway, which is expected to yield comparable high gold recoveries.

    • Great Bear management notes that current cyanidation gold recovery results are in line with the high reported operational gold recoveries at mines in the Red Lake district, which generally recover +90%.

    • Ongoing testing also includes "gold-only" LP Fault mineralization such as that observed within high-grade intervals in LP Fault discovery drill hole DNW-011 (see news release of May 28, 2019) where gold is observed without significant accessory sulphides in many samples. In most gold deposits, gold-only mineralization yields the highest gold recoveries.

    Gravity gold recovery circuits are important, low-cost components of many gold processing operations. Due to the free gold character of all grade ranges of LP Fault mineralization, the mineralized material is expected to be amenable to gravity-based gold separation. Gravity amenability is currently being tested by Great Bear.

    Results of ongoing metallurgical testing will be reported periodically as completed through 2022.

    Gold recoveries from the Hinge and Dixie Limb zones were originally disclosed by the Company on November 12, 2020 and January 27, 2021, and are provided in Table 3.

    Table 3: Gold recoveries from the Dixie Limb and Hinge zones previously reported by Great Bear.

    Test ID

    Feed

    Purpose

    NaCN
    Conc
    (g/L)

    %
    Solids

    Primary
    Grind
    (p80, µm)

    NaCN
    Cons
    (kg/t)

    48 hr Au
    Recovery
    (%)

    Residue
    Grade
    (Au, g/t)

    Calculated
    Head
    Grade
    (Au, g/t)

    CN-1

    Hinge Zone Comp

    Effect of
    Primary Grind

    1.00

    40.0

    112

    0.37

    95.4

    0.64

    13.96

    CN-2

    Hinge Zone Comp

    Effect of
    Primary Grind

    1.00

    40.0

    74

    0.43

    97.2

    0.39

    13.94

    CN-3

    DL Argillite Comp

    Effect of
    Primary Grind

    1.00

    40.0

    138

    1.10

    92.9

    0.72

    10.07

    CN-4

    DL Argillite Comp

    Effect of
    Primary Grind

    1.00

    40.0

    77

    4.47

    88.3

    1.27

    10.89

    CN-5

    DL High Sulphide
    Comp

    Effect of
    Primary Grind

    1.00

    40.0

    121

    1.11

    93.1

    0.62

    8.99

    CN-6

    DL High Sulphide
    Comp

    Effect of
    Primary Grind

    1.00

    40.0

    74

    1.91

    96.1

    0.35

    8.92

    CN-7

    DL Argillite Comp

    Effect of Lead
    Nitrate

    1.00

    40.0

    78

    1.66

    97.0

    0.31

    10.37

    CN-8

    DL Argillite Comp

    Effect of Lead
    Nitrate

    1.00

    40.0

    76

    1.43

    97.4

    0.29

    11.06

    CN-9

    DL Argillite Comp

    Effect of
    Cyanide
    Concentration

    2.00

    40.0

    74

    3.30

    97.5

    0.29

    11.49

    CN-10

    DL Argillite Comp

    Effect of Lead
    Nitrate / Pre-
    treatment

    1.00

    40.0

    79

    1.56

    97.1

    0.29

    10.06

    CN-11

    DL High Sulphide
    Comp

    Effect of Lead
    Nitrate

    1.00

    40.0

    76

    1.55

    96.9

    0.29

    9.35

    CN-12

    DL High Sulphide
    Comp

    Effect of Lead Nitrate / Pre-
    treatment

    1.00

    40.0

    77

    1.35

    96.7

    0.29

    8.80

    About the Dixie Project

    The 100% owned flagship Dixie project boasts one of the largest recent gold discoveries in a Canadian mining jurisdiction. Proximal to major infrastructure near the town of Red Lake, Ontario, the Dixie property comprises over 91.4 square kilometres of contiguous claims that extend over 22 kilometres with a paved highway and provincial power and natural gas lines. The property also hosts a network of well-maintained logging roads which facilitate access.

    23 high-grade domains are structurally and geologically distinctive from the surrounding lower grade, bulk tonnage style gold mineralization. Together, they span a strike length of 4.2 kilometres and occur within larger stratigraphically controlled lower grade domains. They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and transition from upper greenschist to lower amphibolite facies metamorphism. Gold in the high-grade domains is generally observed as free gold, is often transposed into, and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.

    To date, Great Bear has completed a total of 672 drill holes, identifying three high-grade gold discoveries. The most significant discovery is the large-scale "LP Fault" zone, which comprises high-grade disseminated gold mineralization within broad moderate-to-lower-grade envelopes in felsic volcanic and sediment units. LP Fault drilling has identified gold mineralization along 11 kilometres of strike length to date, and a detailed drill grid is being completed along approximately 4 kilometres of strike length. The nearby "Hinge" and "Limb" gold zones are more characteristic of the renowned Red Lake mined deposits, comprising gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic units. Over 80% of the Company's drill holes into the LP Fault, Dixie Limb and Hinge zones contain visible gold mineralization. Gold occurs mainly as free gold, neither bound to nor within sulphide minerals.

    Great Bear adheres to industry-leading quality assurance / quality control (QA/QC) practices in data collection, analysis and disclosure, and detailed assays including all historical LP Fault drill hole data are available on the Company's website at https://greatbearresources.ca/projects/overview/dixie-project-data/.

    About Great Bear

    Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets. The Company is currently in the process of compiling all historical data together with incoming assay results, with the goal of publishing an initial multi-million ounce mineral resource estimate in accordance with NI 43-101 for the Dixie project in early 2022.

    Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.

    QA/QC and Core Sampling Protocols

    Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab. Selected samples are also chosen for duplicate assay from the coarse reject of the original sample. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

    Qualified Person and NI 43-101 Disclosure

    Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

    Results for the metallurgical test program were provided and approved by Andrew Kelly, P.Eng., of Blue Coast Research Ltd., a Qualified Person for the purpose of National Instrument 43-101.

    ON BEHALF OF THE BOARD

    "Chris Taylor"

    Chris Taylor, President and CEO

    Cautionary note regarding forward-looking statements

    This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

    Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

    Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

    Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

    Great Bear Resources Logo (CNW Group/Great Bear Resources Ltd.)Great Bear Resources Logo (CNW Group/Great Bear Resources Ltd.)
    Great Bear Resources Logo (CNW Group/Great Bear Resources Ltd.)
    CisionCision
    Cision

    View original content to download multimedia:https://www.prnewswire.com/news-releases/great-bear-reports-95-2-to-99-2-gold-recoveries-in-preliminary-lp-fault-metallurgical-tests–gold-is-free-milling-and-readily-soluble-at-all-grades-301407363.html

    SOURCE Great Bear Resources Ltd.

    CisionCision
    Cision

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/25/c1585.html

    Whilst it may not be a huge deal, we thought it was good to see that the Getty Copper Inc. (CVE:GTC) Independent Director, Larry Reaugh, recently bought CA$50k worth of stock, for CA$0.05 per share. While that isn't the hugest buy, it actually boosted their shareholding by 1,316%, which is good to see.

    Check out our latest analysis for Getty Copper

    Getty Copper Insider Transactions Over The Last Year

    In fact, the recent purchase by Larry Reaugh was the biggest purchase of Getty Copper shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of CA$0.08. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

    While Getty Copper insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

    insider-trading-volumeinsider-trading-volume
    insider-trading-volume

    Getty Copper is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

    Insider Ownership of Getty Copper

    Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Getty Copper insiders own about CA$4.8m worth of shares (which is 53% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

    What Might The Insider Transactions At Getty Copper Tell Us?

    It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Getty Copper. Looks promising! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 4 warning signs for Getty Copper (of which 3 are a bit concerning!) you should know about.

    Of course Getty Copper may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

    For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    MELBOURNE, Australia, October 23, 2021–(BUSINESS WIRE)–Rio Tinto, BHP and Fortescue Metals Group (Fortescue) have agreed to partner and fund innovative, industry-first learning programs as part of a continued commitment towards mining sector workplaces that are free from sexual harassment, bullying and racism.

    Through this partnership, Rio Tinto, BHP and Fortescue will fund and contribute to the design, build and implementation of new social awareness education packages for deployment through a range of education providers such as TAFE, Registered Training Organisations (RTOs), universities and high schools.

    By starting conversations on these vital topics through education providers, the industry can make an important contribution to raise awareness of social wellbeing and related behaviours (collectively referred to as "psychosocial harm") for the benefit of all Western Australians.

    The collaboration partners will invite leading experts in social wellbeing to form part of a working group bringing together government, community, industry and educators across TAFE, RTOs, universities and high schools in Western Australia to design and implement the program.

    A pilot program for TAFE students will be developed through South Metropolitan TAFE. The pilot, to be developed in 2022, will form part of core learning requirements for students who may be planning to join Rio Tinto, BHP or Fortescue. South Metropolitan TAFE will go on to share this education package through the broader WA TAFE network.

    The partnership will also explore the potential to work with universities and high schools to encompass broader education pathways across the State, as well as for delivery in workplaces. In time, these packages will be made available for application across broader industries and across other parts of Australia.

    The education program is one of a number of initiatives introduced by mining companies to address sexual harassment, bullying and racism in WA’s mining sector.

    All three companies joined with the Chamber of Minerals and Energy earlier this year to pledge support for the parliamentary inquiry into sexual harassment against women in the FIFO mining industry and committed to work together to eradicate these behaviours from the sector.

    Comments attributed to Rio Tinto Chief Executive, Iron Ore, Simon Trott:

    "Our number one priority is the safety, health and wellbeing of our people and our communities.

    "We recognise that we have some way to go to achieve workplaces free from sexual harassment, bullying and racism across our industry and we are committed to making the changes needed to create a safer work environment where respectful behaviour is experienced by everyone.

    "Education is one part of a range of measures Rio Tinto is introducing to create safer workplaces, including building leadership capability, improving our camp facilities, new rules on the consumption of alcohol, as well as improving the way we prevent, respond to, report and investigate incidents in order to build a respectful, safe and inclusive culture.

    "We expect this partnership with BHP and FMG will help build a safer workplace and help empower our future workforce to create the culture we need."

    Comments attributed to BHP WA Iron Ore asset president Brandon Craig:

    "Sexual assault and sexual harassment have no place at BHP or anywhere in our industry.

    "We are committed to providing a safe and inclusive workplace at all times, where disrespectful behaviours are eliminated.

    "Education and training are critical to ensuring common understanding of the behaviours that are appropriate and acceptable at BHP.

    "This industry collaboration will complement our existing internal training programs, leadership training, communication campaigns, and upgrades to camp security, and support services available to anyone who experiences disrespectful behaviour."

    Comments attributed to Fortescue Metals Group Chief Executive Officer, Ms Elizabeth Gaines:

    "The safety and wellbeing of the Fortescue family is our highest priority and we are strongly committed to providing a safe, diverse and inclusive work environment for all our team members.

    "There is no place for harassment and bullying of any kind in the mining sector or in any workplace, and we will continue to work with industry partners to take decisive action to ensure our workplaces are safe for everyone.

    "In line with our value of empowerment, this partnership with Rio Tinto and BHP will provide young West Australians looking at a career in the mining sector with the skills to identify and speak up against inappropriate behaviour and enhance the safety, culture and experience of working in WA’s mining sector."

    View source version on businesswire.com: https://www.businesswire.com/news/home/20211023005002/en/

    Contacts

    Media contacts
    Kate Barcham
    0438 990 238
    Kate.barcham@riotinto.com

    Jamie Macdonald
    0467 725 517
    Jamie.Macdonald@riotinto.com

    Alana Buckley-Carr
    0416 295 600
    alana.buckleycarr@bhp.com

    Michael Vaughan
    0422 602 720
    mediarelations@fmgl.com.au

    Category: Pilbara

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