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VANCOUVER, British Columbia, Jan. 25, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been named to the Forbes Canada’s Best Employers 2022 list for the second straight year.

“Our success is driven by our people, and we are committed to providing a workplace that supports their growth and development and fosters diversity and engagement,” said Don Lindsay, President and CEO. “We are honoured to be one of Canada’s Best Employers for the second year in a row as we work to deliver essential resources while caring for people, communities and the environment.”

Forbes and Statista selected the Canada’s Best Employers 2022 through an independent survey applied to a vast sample of more than 10,000 Canadian employees working for companies with more than 500 employees in Canada. The evaluation was based on direct and indirect recommendations from employees who were asked to rate their willingness to recommend their own employers to friends and family. Employee evaluations also included other employers in their respective industries that stood out either positively or negatively.

Teck has also been named as one of Canada’s Top 100 Employers by Mediacorp Canada’s Top Employers program for the past five years, and for the second year in a row was included in the Forbes World’s Best Employers list and Canada’s Top Employers for Young People.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Teck Media Contact:Chris StannellPublic Relations Manager604.699.4368chris.stannell@teck.com

Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

VANCOUVER, British Columbia, Jan. 22, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that members of United Steelworkers (USW) Local 7619, representing 1,048 workers at Teck’s Highland Valley Copper (HVC) Operations in B.C., have ratified a new five-year collective agreement, replacing one that expired on September 30, 2021.

“We are pleased to have reached a collective agreement that is fair to employees and supports the long-term success of Highland Valley Copper Operations,” said Matt Parrilla, General Manager, Highland Valley Copper Operations.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

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

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:

Activision Blizzard ATVI is a leading developer and publisher of console, online and mobile games. The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 60 days.

Argo Blockchain ARBK provides sustainable blockchain infrastructure and cryptocurrency mining. The Zacks Consensus Estimate for its current year earnings has been revised 12.7% downward over the last 60 days.

BHP Billiton BBL is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. The Zacks Consensus Estimate for its current year earnings has been revised nearly 2% downward over the last 60 days.

View the entire Zacks Rank #5 List.

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 Activision Blizzard, Inc (ATVI) : Free Stock Analysis Report BHP Billiton PLC (BBL) : Free Stock Analysis Report Argo Blockchain PLC Sponsored ADR (ARBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Netflix results were felt as a real blow by Wall Street traders. REUTERS/Mike Blake

Wall Street's main indexes opened lower on Friday and were on course for their third straight week of declines as Netflix's disappointing first-quarter subscriber growth outlook sent shockwaves through the tech sector.

The Dow Jones (^DJI) slumped 0.5% points to 34,41 while the S&P 500 (^GSPC) fell over 1% to 4,431.

The technology-heavy Nasdaq (^IXIC) dropped 1.7% to 13,932 as investors positioned themselves for the likelihood that the Federal Reserve will tighten monetary policy more aggressively to stave off inflation.

The FTSE 100 (^FTSE), the CAC (^FCHI) and the DAX (^GDAXI) all dropped deeper into the red, in late trading.

Nasdaq is trading at a seven-month low. Chart: Yahoo Finance UK

“The Fed this time will be far more prudent about quantitative tightening especially given high leverage in the system,” according to Sebastien Galy, senior macro strategist at Nordea Asset Management.

Netflix (NFLX) share price shares fell more than 20% after the world’s largest streaming service dashed hopes for a quick rebound as it forecasted weak first-quarter subscriber growth.

For Netflix stock, trading confirmed the overnight session’s worst fears, with the streaming giant losing around a quarter of its value. Chart: Yahoo Finance UK

Craig Erlam, senior market analyst, UK & EMEA, OANDA, commented: "The banks didn't give us much to cheer about and if the Netflix results are anything to go by, big tech may also underwhelm.

"The subscriber numbers were a real blow and investors are being forced to adjust to the reality that there is nowhere near the momentum that the last couple of years was expected to generate. Immense competition in the space and higher costs are also major headwinds".

US Treasury yields were slightly lower along the curve on Friday, having risen sharply earlier in the week.

Yields on benchmark 10-year notes were at 1.7470%, their lowest in a week, having hit a two-year high of 1.902% on Wednesday.

Shares have declined in Europe and Asia after the sell-off wiped out gains for stocks on Wall Street

The London benchmark has dropped 98 points to around 7500 points, the lowest in over a week.

Scottish Mortgage Investment Trust (SMT), one of the main avenues for UK investors to tap into the US tech sector, dropped over 4%.

Victoria Scholar, head of investment at interactive investor, said: “Risk-off sentiment and a sell-off on Wall Street are sending shockwaves across global markets with main European markets shedding more than 1% each on the final trading session of the week.

"The FTSE 100 is flirting with critical support at 7,500 with a break below potentially paving the way for further declines. Just a handful of stocks in the UK basket are trading in the green while the miners such as BHP Group, Rio Tinto and Anglo American languish at the bottom.”

The London benchmark was also pulled down by heavyweight mining stocks with BHP (BHP.L) being among the top losers as it prepares to exit the index next week.

Wall Street jitters put FTSE 100 on track to end the week down. Chart: Yahoo Finance UK

Asian markets finished lower with shares in China leading the region. The Shanghai Composite Composite (000001.SS) is down 0.91% while Japan's Nikkei 225 (^N225) is off 0.90% and Hong Kong's Hang Seng (^HSI) is lower by 0.12%.

Meanwhile, oil dropped as OPEC+ struggled to meet its scheduled increases in production targets and the spectre of Russia invading Ukraine sent jitters through global markets.

Brent crude oil (BZ=F) lost almost 2% to $86.77 a barrel and the US crude (CL=F) fell 0.7% to $84.95 per barrel on Friday.

“More gloom is descending as investors digest some major earnings disappointments, adding to concerns of an accelerating monetary tightening schedule,” Richard Hunter, head of markets at interactive investor, said.

(Bloomberg) — After the destruction of ancient caves in 2020 led to global embarrassment and a management clean-out, the newly appointed chief of Rio Tinto Group was betting the development of a massive lithium project would be key to a fresh start. His plan is now in tatters.

Most Read from Bloomberg

On Thursday, Serbia Prime Minister Ana Brnabic cited environmental concerns for her government’s decision to put a “full stop” on the bid by Rio’s chief executive, Jakob Stausholm, to develop Jadar, Europe’s biggest lithium mine. “Everything is finished,” she said. “It’s over.”

Serbia’s decision is a blow to Stausholm, who after winning the helm just over a year ago said he was aiming to win back trust for the world’s second-largest miner among host communities in the wake of the fiasco at Juukan Gorge. Those remote caves in Australia’s Outback were used by Indigenous people for an estimated 46,000 years until being blown up to create a new iron ore mine.

Read more: Ancient Sites, Sacred Snake Raise Risks for Australian Resources

With Jadar now scuppered, Stausholm will be well aware the company is still facing a handful of complex issues including streamlining its reshuffled management ranks, intensifying scrutiny of its corporate governance, and handling sensitive local relationships not just in Australia but in Mongolia and the U.S. state of Arizona.

Rubbing salt in his wounds, Serbia’s announcement came on a day where larger rival BHP Group won shareholder backing for one of its own big strategic shifts.

The scrapping of the lithium project caps a “very challenging” first year in charge for Stausholm, according to Peter O’Connor, an analyst at Sydney-based Shaw & Partners Ltd.

“The company is underperforming with social governance, internal culture and operations not doing as well as they should,” O’Connor said on Friday, adding that improving its environmental, social and governance performance will take time and “the Serbia project just showed how hard this is.”

After winning the leadership in December 2020 amid increased pressure on Rio Tinto from investors on environmental and social policies, approving the $2.4 billion Jadar project last July was one of Stausholm’s first major decisions.

Slam Dunk

Although initially not expected to start production until 2026 at the earliest, the move seemed like a slam dunk for the new chief and was welcomed by battery makers who need increased supplies of lithium amid a surge in demand.

But Rio Tinto failed to convince the western Serbian community that Jadar wouldn’t be like the polluting lithium mines of old. Thousands of protesters took to the streets in December urging the government not to allow the project to proceed, amid a growing controversy that was seized on by both environmentalists and opposition politicians.

Read more: The World Wants More Lithium But Doesn’t Want More Mines

Rio isn’t alone in facing increasing opposition from local populations and governments in developing projects, even as miners around the world scurry to expand supply.

Southern Copper Corp. is struggling to get government support for a controversial $1.4 billion project in Peru, and Lithium Americas Corp. was taken to U.S. federal court over its planned mine in Nevada. And back in Serbia, protesters are demanding an unconditional ban on lithium exploration and mining by any company, not just Rio Tinto.

Smashing Records

As well as creating fresh revenue-creation challenges for the London-based company, Serbia’s decision will add to the supply-side risks in an already-tight lithium market: prices of the raw material crucial for making batteries to power an electrified world have smashed records during the past year. Brnabic didn’t respond to questions on whether the government would allow lithium mining in the future.

Meanwhile, BHP on Thursday won shareholder backing to unify public holdings, part of a strategic change under its new chief executive, Mike Henry. Both London and Australian investors overwhelmingly approved the move, according to a statement from BHP on Thursday.

“Investors have confidence in BHP’s strategies in how they can take the company forward and unleash the potential,” O’Connor said. “In contrast, Rio does not have much organic growth opportunity and the Serbia opposition highlights the risks to their growth profile.”

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CALGARY, AB, Jan. 21, 2022 /CNW/ – Uravan Minerals Inc. (TSXV: UVN) ("Uravan") announces the sale of Uravan's 100% interest in the Stewardson West property, located in the Athabasca Basin, northern Saskatchewan and Uravan's 1.0 % net smelter return royalty (the "NSR") on the "Royalty Properties" owned by Cameco Corporation ("Cameco") to International Prospect Ventures Ltd ("IZZ").

In consideration for the Stewardson West property and the NSR, IZZ paid Uravan cash consideration of $35,000 and 500,000 common shares of IZZ.

Cautionary StatementThis press release may contain forward looking statements including those describing Uravan's plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, much of which are beyond the control of Uravan and its management. This news release contains forward-looking statements pertaining. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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

Uravan Minerals Inc. #1117-240, 70 Shawville Blvd. SE, Calgary, AB T2Y 2Z3 Phone: 403-607-5908

SOURCE Uravan Minerals Inc.

Cision

View original content: http://www.newswire.ca/en/releases/archive/January2022/21/c5346.html

Alcoa blew past Q4 earnings estimates Wednesday afternoon. AA stock is leading a surge in mining stocks that have outmuscled Fed worries.

(Bloomberg) — BHP Group won shareholder support to unify public holdings in a single Sydney listing, a move that could ease the global miner’s return to big deals and will see the U.K. lose one of its biggest companies.

Most Read from Bloomberg

Both London and Australian investors overwhelmingly approved the move, according to a statement from BHP on Thursday.

The vote will see BHP will move to a primary listing in Australia after collapsing a dual arrangement that dates back to the company’s creation 20 years ago when Australia’s BHP Ltd. merged with rival Billiton. It will also see the U.K.’s FTSE 100 lose its third-biggest company.

Collapsing its dual listing is part of a series of sweeping changes at the world’s biggest miner since Chief Executive Officer Mike Henry took over in early 2020. The company is seeking to expand in metals that will be needed for the green-energy transition, and is in the process of exiting oil and gas while pouring billions of dollars into a giant new potash mine in Canada.

Henry said last month that the share unification would make the company simpler and more agile. Once mining’s most aggressive dealmaker, BHP is mulling a return to large-scale M&A and has expanded its dealmaking team, including in London, according to people familiar with the matter.

The proposal needed 75% backing from both U.K. and Australian shareholders to get the green light.

READ: BHP Revives Appetite for Deals With Biggest Rivals in Sights

The move will bulk up BHP’s presence on the Australia Stock Exchange. Its weighting on the benchmark S&P/ASX 200 share index will rise to about 10%, from 6.7%, to surpass Commonwealth Bank of Australia. There’s also likely to be a scramble among index-tracker funds to increase their holdings to reflect that higher weighting.

The group’s London shares climbed as much as 2.2% to a record high after opening, as metal prices also rallied. The Australian unit closed up 3.1% at its highest since August.

Skepticism

Some Australian investors have been critical of the switch, saying that it transfers value to London shareholders in giving them a one-for-one exchange even though the U.K. listing has consistently traded at a discount to the Sydney shares.

“That Australian shareholders wear the current value destruction from the collapse of the dual-listed company just to simplify M&A in the future is challenging to accept,” Crispin Murray, head of equities at Pendal Group Ltd., said in a note earlier this month. BHP has a poor track record in mergers and acquisitions in recent years, he added.

The miner has been reviewing the structure for several years after Elliott Management Corp. pushed BHP to reorganize as a single company. Elliott argued that removing the dual listing would eliminate the discount between its shares in London and Sydney, reduce costs and bolster transparency.

Under the current arrangement, BHP has two headquarters and two main stock market listings, but is run as a single entity under the same management and board. The company first announced the change to its structure as part of its annual earnings results in August.

After the change, the miner will retain secondary listings in London, Johannesburg and New York.

(Updates with confirmation of shareholder support in first and second paragraphs)

Most Read from Bloomberg Businessweek

VANCOUVER, British Columbia, Jan. 20, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and DLT Labs™ (“DLT”) today announced a pilot to use blockchain technology to trace responsibly-produced germanium from the mine to the customer, the first such use of blockchain to trace this critical mineral.

Teck is North America’s largest producer of germanium, a critical mineral and one of the integral elements required for digital devices and communications. It is an essential component in fiber optic cables and high-speed computer chips and circuitry. Beyond its use in communications technology, germanium is also important for low-carbon technologies such as solar cells and light-emitting diodes (LEDs). Germanium is considered essential for communications technology and the transition to a low-carbon economy.

This pilot is in support of Teck’s Sustainability Strategy goal to develop a product passport, providing traceability into the raw materials supply chain. Through the pilot, germanium will be traced from its origin at Teck’s Red Dog mine in northwest Alaska, through transport and comingling with other sources, refining at Teck’s Trail metallurgical facility and finally to a manufacturer of fiber optic cable. Blockchain technology will be used to embed data including information on responsible environmental, social and governance practices along the supply chain, such as greenhouse gas emissions, product certifications and responsible production assessments.

“Teck is proud to be advancing the first use of blockchain technology to trace the critical mineral germanium from the mine all the way to the customer,” said Marcia Smith, Senior Vice President, Sustainability and External Affairs, Teck. “Ensuring the environmental and social responsibility throughout the metals production chain provides our customers and downstream consumers with the confidence that their products are sourced responsibly.”

Blockchain Technology

Over the past decade businesses have identified many uses for blockchain technology from the settlement of financial records to smart contracts and reliable, transparent traceability of supply chains. In the materials space, initial applications of blockchain-enabled supply chain traceability have generally focused on products with high risk of counterfeiting or abuses, such as conflict minerals. Teck believes that materials traceability and assurance of both origin and handling of the product along the supply chain can play a role in supporting responsible production more broadly for essential metals and minerals.

Teck has partnered with DLT to create and pilot a blockchain-enabled solution to serve as the backbone for tracing materials. Utilization of blockchain enables all key figures along the supply chain to have appropriate visibility into the material flow, and to ensure responsible production practices through each step. Teck and DLT are utilizing DL Asset Track™ to map the germanium supply chain, and to provide downstream customer visibility into the chain.

“DLT is proud that its DL Asset Track™ product is being adopted by Teck in setting the standard for an innovative product passport. This product passport collects, stores, and provides reliable, tamper-proof, and real-time data at every stage in the resource supply chain from end-to-end, including comprehensive information about the provenance of the resources. Certainty of mine of origin, provenance and single source of truth are essential building blocks for an effective ESG program. This single source of truth enables the next generation of intelligent and sustainable supply chains, which use data to maximize efficiency while maintaining the transparency essential for constant and careful monitoring. It enables the highest levels of trust and collaborative resource stewardship among Teck, its business partners and all stakeholders,” said Loudon Owen, CEO, DLT Labs™.

ABOUT DLT Labs™DLT Labs™ is the leading provider of blockchain-enabled technology and enterprise solutions for supply chain management and financing. DLT has extensive experience in managing and orchestrating complex, multi-party data, including the development and ongoing operation of the largest full production deployment of enterprise blockchain to date globally. DLT’s distributed platform, which includes DL Asset Track™, automates the end-to-end, continuous, and real-time integration and synchronization of multi-party data exchanged by supply chain partners, provides an immutable record including resource provenance, and establishes a single source of truth. www.DLTLabs.com

Teck Media Contact:Chris StannellPublic Relations Manager604.699.4368chris.stannell@teck.com

Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

DLT Media Contact:Julian ParrMarketing and Public Relations416.617.5654Julian.Parr@DLTLabs.com

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

VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been recognized as one of the 2022 Global 100 Most Sustainable Corporations by Corporate Knights, marking the fourth straight year Teck has been named to the list.

“Teck is committed to providing essential resources the world is counting on to make life better, while caring for people, communities and the environment,” said Don Lindsay, President and CEO. “Our employees are passionate about sustainability and this recognition is the direct result of their hard work and dedication.”

The Global 100 companies are selected from over 6,900 publicly traded companies with more than US$1 billion in revenues. Companies were evaluated based on a rigorous assessment including sector-specific sustainability metrics, such as clean revenue percentage, water, energy and GHG productivity, and safety performance, as well as board and executive diversity. More information can be found here: corporateknights.com/global100.

Teck has also been named one of the Best 50 Corporate Citizens by Corporate Knights for 2021. Teck is ranked #1 in the Metals and Mining industry on the S&P Dow Jones Sustainability World Index (DJSI), Sustainalytics and Vigeo Eiris, and is ranked AA by MSCI for ESG performance. Teck is currently listed on sustainability indices such as the MSCI World ESG Leaders Index, FTSE4Good Index and Jantzi Social Index.

Go to www.teck.com/responsibility to learn more about Teck’s commitment to responsible resource development.

Teck Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

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-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

(Bloomberg) — After sitting dormant for more than a decade, BHP Group — once mining’s most aggressive dealmaker — is positioning itself for a return to large-scale M&A.

Most Read from Bloomberg

BHP has expanded its dealmaking team, including in London, and is interested in pursuing a transformational deal, according to people familiar with the matter who asked not to be identified discussing private information. The company is evaluating rivals including Freeport-McMoRan Inc. and Glencore Plc, they said, while emphasizing that there is no indication it is preparing any bids at this point.

A mega deal would cap a series of sweeping changes at the world’s biggest miner since Chief Executive Officer Mike Henry took over in early 2020. The company is seeking to expand in metals that will be needed for the green-energy transition, and is in the process of exiting oil and gas while pouring billions of dollars into a giant new potash mine in Canada. A plan to collapse its London listing — which BHP says will make it more “nimble” — will be put to shareholder votes this week.

Read more: BHP Quits Oil, Piles Into Potash in Overhaul for CEO Henry

The biggest miners have largely turned their backs on huge mergers and acquisitions after a series of deals at the height of the last commodity boom went spectacularly wrong. Excess cash has been returned to shareholders in massive dividends and buybacks. But as the global energy transition gathers pace, there’s a growing recognition that deals will be essential to replace fossil fuel assets with mines that can produce the materials needed to decarbonize, such as copper and nickel.

BHP is already one of the biggest copper miners and is a nickel supplier for Tesla Inc. However, iron ore remains its biggest money maker and it’s also a major producer of coal for steel production.

BHP’s deal team is examining options and running models on rivals including Glencore and U.S. copper giant Freeport. Vale SA’s base-metal unit is also on its radar, the people said.

The work is still early stage and predominantly focused internally rather than involving external advisers, the people said. Near-record-high valuations of some of its potential targets may also be a stumbling block, the people said.

A BHP spokesman said the company does not comment on market rumor or speculation.

One consideration for BHP is to be ready to move if its rivals’ valuations decline. Freeport is currently worth about $65 billion, while Glencore has a market capitalization of $73 billion and both are trading near multiyear highs after a rally in commodity prices. There is recognition inside BHP — and rival Rio Tinto Group — that they missed out when smaller rivals collapsed in value in the past.

BHP itself is valued at about $168 billion, and its shares are trading near an all-time high.

The stock was little changed at 3:10 p.m. in London, while Glencore rose as much as 2.4%, hitting its highest intraday mark in almost a decade. The world’s biggest commodity trader has surged about 50% in the past 12 months, driven by rallying coal and copper prices. The company is expected to deliver record profits and a bumper dividend when it reports earnings in February. Freeport rose as much as 4.7% to the highest since since February 2012.

BHP would have to convince shareholders that the time was right for a deal and show it wasn’t overpaying. The mining industry has been haunted by disastrous transactions from the height of the last supercycle that destroyed billions in dollars in value, and many investors are continuing to push the need for discipline.

A bid for either company would pose challenges for BHP’s strategy. While Glencore is one of the biggest copper miners, it’s also the leading shipper of thermal coal (a commodity BHP has been seeking to exit), has dozens of complicated assets in some of the world’s most difficult jurisdictions and faces ongoing legal probes, including a U.S. Department of Justice investigation.

Freeport, meanwhile, has a string of aging U.S. copper mines which could ultimately cost billions to close.

While the interest in a bigger deal remains preliminary, BHP has already shown signs of increased activity on a smaller scale as it seeks to add more exposure to copper and nickel.

The company agreed to buy a stake in a Tanzanian nickel project this month for $40 million, and last year bought into a U.S. startup that can process copper from waste rock. It’s also been in talks with billionaire Robert Friedland about taking a stake in a undeveloped copper project in the Democratic Republic of Congo.

Yet it’s run into some challenges. The company was forced to take an embarrassing loss on its six-month pursuit of a Canadian nickel miner, after being outbid by Australian billionaire Andrew Forrest. BHP has also been dragged into internal squabbles at SolGold Plc during its years-long chase of the copper developer.

BHP, comfortably the world’s biggest mining company, is no stranger to going after its biggest rivals. In 2008 it abandoned a hostile bid for Rio Tinto Group, the world’s second-biggest miner, that would have been the industry’s biggest-ever deal. It also failed in a pursuit of Potash Corp. of Saskatchewan Inc. for about $40 billion.

The last major deal BHP pulled off was the $12.1 billion purchase of Petrohawk Energy Corp. in 2011. The move into shale proved to be an expensive mistake and, after spending billions more expanding the business, it cut its losses and sold out to BP Plc in 2018.

(Updates with shares in 11th paragraph.)

Most Read from Bloomberg Businessweek

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.

Most readers would already be aware that Anglo American's (LON:AAL) stock increased significantly by 17% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Anglo American's ROE today.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

See our latest analysis for Anglo American

How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Anglo American is:

26% = US$9.7b ÷ US$38b (Based on the trailing twelve months to June 2021).

The 'return' is the profit over the last twelve months. That means that for every £1 worth of shareholders' equity, the company generated £0.26 in profit.

What Has ROE Got To Do With Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Anglo American's Earnings Growth And 26% ROE

To begin with, Anglo American has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 17% which is quite remarkable. As a result, Anglo American's exceptional 23% net income growth seen over the past five years, doesn't come as a surprise.

Next, on comparing Anglo American's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 22% in the same period.

past-earnings-growth

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Anglo American is trading on a high P/E or a low P/E, relative to its industry.

Is Anglo American Efficiently Re-investing Its Profits?

Anglo American's three-year median payout ratio is a pretty moderate 41%, meaning the company retains 59% of its income. By the looks of it, the dividend is well covered and Anglo American is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.

Additionally, Anglo American has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 46%. Still, forecasts suggest that Anglo American's future ROE will drop to 13% even though the the company's payout ratio is not expected to change by much.

Summary

In total, we are pretty happy with Anglo American's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

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.

CALGARY, AB, Jan. 17, 2022 /CNW/ – Uravan Minerals Inc. (TSXV: UVN) ("Uravan") announces the sale of Uravan's 2% net smelter return royalty (the "Albert Lake NSR") on the Albert Lake Saskatchewan Property, to Fathom Minerals Ltd., a whole owned subsidiary of Fathom Nickel Inc. ("Fathom"). Pursuant to a Royalty Purchase Agreement dated January 12, 2022, between Fathom and Uravan, Fathom paid cash consideration for the purchase of the Albert Lake NSR of $175,000.

The Albert Lake NSR was originally granted to Uravan in accordance with a Purchase and Sale Agreement dated April 15, 2015, whereby Fathom purchased Uravan's 100% interest the Albert Lake property (previously Rottenstone) located in northern Saskatchewan.

SOURCE Uravan Minerals Inc.

Cision

View original content: http://www.newswire.ca/en/releases/archive/January2022/17/c6728.html

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.

Teck Resources Ltd (TECK) shares rallied 5.4% in the last trading session to close at $34.18. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20.6% gain over the past four weeks.

Higher copper prices have led to a surge in the share price of Teck Resources. Copper futures for March delivery have gone up to $4.5 per pound — levels last seen in October 2021. This was driven by a pullback in the U.S dollar and expectations of stronger demand from China while inventories held at the London Metals Exchange are at multi-year lows. Further, reports of Teck Resources receiving a notice of a potential strike at its Highland Valley Copper mine in British Columbia have triggered supply concerns for the metal.Meanwhile, Goldman has raised the 12-month target price of copper to $12,000 per ton (around $5.4 per pound).

This company is expected to post quarterly earnings of $2.19 per share in its upcoming report, which represents a year-over-year change of +525.7%. Revenues are expected to be $3.77 billion, up 92% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Teck Resources Ltd, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TECK going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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 Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Many investors historically have turned to safe haven assets such as precious metals in times of economic and political turmoil. One way to gain exposure is by owning companies in the metals and mining industry, which are involved in the exploration, extraction, and sale of metals and other minerals. Mining companies have underperformed the broader market in the last year.

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.

(Reuters) – Canadian miner Teck Resources Ltd said on Wednesday that a union representing 1,048 workers at its British Columbia mine could potentially go on a strike from Jan. 16.

The company said it received the strike notice from the United Steelworkers (USW) Local 7619 at its Highland Valley Copper Operations in British Columbia.

"The strike notice entitles the union to potentially begin strike action following the 72-hour strike notice period and 48 hours after the mediator reports to the Labour Relations Board," the company said in a statement https://refini.tv/3fgoDFM, without providing any reasons behind the potential strike.

United Steelworkers did not immediately respond to a request for comment.

Negotiations between the company and the union are ongoing and the parties are scheduled to meet on Jan. 14, the miner said.

(Reporting by Akriti Sharma in Bengaluru; Editing by Sherry Jacob-Phillips)

VANCOUVER, British Columbia, Jan. 12, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) reported today that strike notice has been received from the United Steelworkers (USW) Local 7619, which represents 1,048 workers at Teck’s Highland Valley Copper (HVC) Operations in B.C. The strike notice entitles the union to potentially begin strike action following the 72-hour strike notice period and 48 hours after the mediator reports to the Labour Relations Board. The earliest that strike action could potentially commence is January 16.

Negotiations are ongoing and the parties are scheduled to meet with the mediators on Friday, January 14.

The previous collective agreement at HVC expired on September 30, 2021.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

Media Contact:Chris StannellPublic Relations Manager604.699.4368chris.stannell@teck.com

MAURITIUS, Jan. 11, 2022 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following update for the quarter ended December 2021:

Contained tin production up 10% from the prior quarter to 3,114 tons
Contained tin sales up 13% from the prior quarter to 3,056 tons
Record Q4 EBITDA4 guidance of US$74m, up 38% from prior quarter actual
Net cash position increases to US$68m
FY2021 dividend of CAD$0.03 per share declared

Operational and Financial Summary for the Quarter ended December 20212

1Data obtained from International Tin Association Tin Industry Review Update 2021 2Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 3Q4 2021 EBITDA represents management’s guidance. 4This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

Operational and Financial Performance

Contained tin production of 3,114 tons is 10% above the previous quarter. Improved underground mining practices relating to stope planning, delineation and blasting resulted in better grade control with an average tin grade of 3,8% processed during the five months ended December 2021. Waste development is now well ahead of current mining areas providing flexibility in blending high- and low-grade areas for a more consistent grade profile.

Contained tin sales of 3,056 tons increased 13% from the prior quarter.

EBITDA guidance of US$74m for Q4 2021 is estimated to be 38% higher than the actual EBITDA for the previous quarter of US$53,7m as a result of increased tin production and sales volumes, together with a higher average tin price achieved of US$38,084/t (Current tin price: ~US$39,000/t).

The Group Net Cash position as at 31 December 2021 increased by US$67m from the prior quarter.

Contained tin production guidance for the financial year ending December 2022 is 12,000 tons.

The mineral resource estimation exercise for the Mpama South deposit commenced in December 2021. Drilling activities continue with six rigs on-site and the next large batch of external assay results is expected during January 2022.

Alphamin’s audited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter and year ended 31 December 2021 are expected to be released on or about 7 March 2022.

FY2021 Dividend Declared

Alphamin’s vision is to become one of the world’s largest sustainable tin producers. From a capital allocation perspective, the Board considers the combination of significant exploration, investment in growth and a high dividend yield a robust value proposition. Dividend distributions will be considered based on excess free cash after taking account of working capital requirements, reserve contingencies and expansion opportunities.

On this basis, the Board resolved to declare a FY2021 CAD$0.03 per share cash dividend on the common shares (approximately US$30m in the aggregate) (“the Dividend”). The Dividend will be payable on 11 February, 2022 to shareholders of record as of the close of business on 4 February, 2022.

Qualified Person

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company._________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to expected EBITDA guidance for Q4 2021 and contained tin production guidance for the financial year ending December 31, 2022. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties regarding estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterupted access to required infrastructure and third party service providers, adverse political events, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties, impacts of the global Covid-19 pandemic on mining operations and commodity prices as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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 news release.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

NET CASH

Net cash is defined as cash and cash equivalents less total current and non-current portions of interest-bearing debt and lease liabilities.

(Bloomberg) — Glencore Plc’s purchase of a giant Colombian coal mine has cost the commodities trader and mining powerhouse much less than initially thought after prices of the fuel surged.

Most Read from Bloomberg

The company on Tuesday said it completed the acquisition of the Cerrejon mine, following a deal struck in June to take full control of the asset from partners BHP Group and Anglo American Plc. At the time, Glencore agreed to pay about $588 million, while also taking cash flows for the year. It estimated a final cost of roughly $230 million.

But after thermal coal prices surged to a record high over the period — underpinned by a global energy crunch — Glencore said the cash payment on completion of the deal totals just $101 million.

Anglo and BHP, which both agreed to sell their stakes for $294 million each, have been in the process of exiting the fuel amid increasing pressure from shareholders over mining the most polluting fossil fuel. While the deal marks the end of thermal coal mining for Anglo, BHP’s future is less certain as it mulls the continued ownership of its last mines in Australia.

Benchmark prices for thermal coal exported from Australia hit a record in October, though pulled back after China rolled out measures to ease a supply crunch that contributed to power shortages. Still, prices continue to be volatile amid concerns around exports from Indonesia.

The Cerrejon purchase was the last major deal of former Chief Executive Officer Ivan Glasenberg, before he left Glencore at the end of June, ending two decades at the helm of the world’s biggest commodity trader.

(Updates with coal market in fifth paragraph)

Most Read from Bloomberg Businessweek

Tesla TSLA recently signed its first nickel supply deal in the United States, selecting Talon Metals Corp's Tamarack mine project in Minnesota in a bid to make the electric vehicle (EV) battery metal in a sustainable way.Climate-change concerns have peaked in recent times. This calls for developing EV batteries to de-carbonize the global economy, buoying the demand for metals, particularly copper and nickel, used to produce batteries. An expected surge in demand for nickel is anticipated over the next decade as EVs pick up steam and gain popularity. Nickel enhances the energy storing capacity in a battery's cathode, extending an EV's range.Tesla’s announcement comes in the light of pro-climate change demands. The company is driven in its vision to expedite the transition to green transportation solutions. Tesla’s CEO, Elon Musk, since 2020, has been harping on the focus to pump up nickel production in an environmentally viable way.The United States, till now, has not featured well in nickel production. Indonesia is the world's largest nickel producer. However, miners there mostly use energy-intensive technology to extract the metal and engage in controversial waste disposal practices, including dumping waste rock in waterways. Talon's Minnesota project is a joint venture with Rio Tinto. It ensures a key U.S. source of the metal for Tesla battery factories in Texas and Nevada while reducing the company's supply lines at the same time. It is slated to begin by 2026.Talon plans to use a technology that has the ability to suck carbon dioxide out of the atmosphere and chemically bind. This allows for permanent storage of the gas in rocks found inside Talon’s Tamarack project in northern Minnesota. The process, still under the testing phase, would empower Talon to market carbon-neutral nickel, which will be a big ticket for Tesla in the EV domain.Tesla plans to buy 75,000 tons of nickel concentrate over the next six years, as well as smaller amounts of cobalt and iron ore, at London Metals Exchange-listed prices. However, it is unclear where Tesla will refine the nickel concentrate as the United States does not have a nickel refinery.Last year the EV magnet had signed a similar nickel supply deal with BHP Group BHP in Australia to secure the supply of nickel from the latter’s Nickel West mine.The alliance required Tesla and BHP Group to join forces to bring about a more efficient battery supply chain. The companies leveraged blockchain technology for raw-material procurement and production and identified supply-chain partners who are best aligned with their vision and battery value chains. BHP and TSLA have also partnered over sustainable solutions concerning energy storage targeting reduced carbon emissions.Tesla’s commitment toward an EV-defined future and its aim for sustainability naturally make it the undisputed leader of EVs.Tesla’s shares have risen 30.4% over the past year compared with the industry’s 7.8% growth.

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

Currently, Tesla carries a Zacks Rank #3 (Hold).Some better-ranked players in the auto space are Genuine Parts GPC and Fox Factory Holdings FOXF, each carrying a Zacks Rank #2 (Buy) currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Genuine Parts has an expected earnings growth rate of 27.3% for the current year. The Zacks Consensus Estimate for earnings for the current year has been revised around 2% upward over the past 60 days.Genuine Parts’ earnings beat the Zacks Consensus Estimate in all the trailing four quarters. GPC pulled off a trailing four-quarter earnings surprise of 16%, on average. Its shares have also gained 31.3% over a year.Fox Factory has an expected earnings growth rate of 48.2% for the current year. The Zacks Consensus Estimate for the current year has been revised around 2% upward over the past 60 days.Fox Factory’s bottom line beat the Zacks Consensus Estimate in all the trailing four quarters. FOXF delivered a trailing four-quarter earnings surprise of roughly 16%, on average. The stock has rallied 27.9% over a year.

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 Genuine Parts Company (GPC) : Free Stock Analysis Report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Fox Factory Holding Corp. (FOXF) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Mississauga, ON, Canada, Jan. 10, 2022 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the “Company”) (TSX-V: CCB) is pleased to announce that it has completed an extensive drilling program on its Miller Graphite Property (“the Miller Project”), located in Grenville Sur la Rouge, Quebec (“GSLR”). Drilling was conducted from November 28th, 2021 (see news release dated December 9, 2021) to December 21st, 2021.

The Company completed 3,005m of drilling in 32 holes (see figure 1) varying in depth between 30 and 178 metres. The meterage makes this program the largest drill campaign completed to-date on the Miller Property. The drilling was conducted by Downing Drilling from Calumet in GSLR. SL Exploration Inc, of Acton Vale provided the geologists and technicians to complete the program. Core logging and sampling is expected to be completed in January 2022. Generally, samples are taken at 1.5-meter intervals throughout the core and will be analyzed for graphitic carbon (Cg) content by an independent laboratory.

Figure 1: 2021 Drill collars

Following assaying, the results will be used to update the resource statement on the Miller Property and to supply additional information to the CPTAQ regarding the future placement of the pits, and their specific impact on the environment. The information will also be used throughout the permitting stage of the Miller Project, including the permitting process for the Ministry of Environment and Fight against Climate Change (MELCC), the Ministry of Energy and Natural Resources (MERN) and during the consultation process with the citizens of Grenville-sur-la-Rouge (GSLR) and the Argenteuil MRC.

Chief Executive Officer, Ellerton Castor, said: “This is a significant milestone for the Company and we eagerly await results of the ongoing analysis. We expect that an expanded resource will enhance the economics of the Miller Deposit, facilitate our current efforts with certain regulatory bodies and continue to inform and shape the Company’s commercialization strategy."

QA/QC

The drilling program was focused on better defining and connecting the area located between the two high grade zones of the Project (VN3 area to the west and the VN6 area to the east). Approximately 10% of samples were inserted in the sampled assays by the Company. The QC/QC samples includes 2% of blank samples, 3% of standard samples and 5% of quarter-split duplicate samples, for a total of 10% QA/QC. Core samples were prepared by splitting core in half in 1.5m intervals while higher grade mineralization was sampled separately to better identify its grade.

Qualified Person

This press release was prepared by Steven Lauzier, P.Geo OGQ, a qualified person as defined under Nation Instrument 43-101 and he reviewed and approved the geological information provided in this news release.

CANADA CARBON INC.Ellerton J. CastorChief Executive Officer and Director

Contact InformationE-mail inquiries: info@canadacarbon.comP: (905) 813-8408

“Neither 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.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

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

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Eagle Nickel Ltd.	ENL.AX	+41.67%
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Mount Burgess Mining NL	MTB.AX	+33.33%
Exalt Resources Limited	ERD.AX	+31.94%
Casa Minerals Inc.	CASA.V	+30.00%
Cariboo Rose Resources Ltd	CRB.V	+28.57%
Belmont Resources Inc.	BEA.V	+28.57%

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