By Adrian Prendergast
18 February 2021, 5:00 PM
South32 reported a strong 1H21 earnings result that exceeded estimates. The SAEC sale is still a major value catalyst, and worth waiting for.
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By Adrian Prendergast
19 February 2021, 12:00 AM
With Fortescue Metal Group easing our fears over the Iron Bridge magnetite project and reporting a strong 1H21 result, we maintain a Hold rating.
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By Adrian Prendergast
18 February 2021, 2:00 PM
Rio Tinto (RIO) reported a solid 2H20 result ahead of expectations. We see RIO in a strong position fundamentally, maintaining our Hold rating.
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By Adrian Prendergast
17 February 2021, 12:00 PM
We have upgraded our iron ore forecasts for the next three years.
While trading near our revised targets, we see robust earnings and dividends as
increasingly important in the current global climate.
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By Adrian Prendergast
01 February 2021, 5:00 PM
Fortescue Metal Group posted a strong 2Q21 result, though it came with the warning that FMG was conducting a detailed review of the budget and schedule for its Iron Bridge magnetite project.
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By Adrian Prendergast
22 January 2021, 1:00 PM
There was a mixed operational result from South32, although generally ahead of our estimates. Now trading in line with our target price we lower our rating to Hold.
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By Adrian Prendergast
20 January 2021, 9:30 AM
We see RIO as trading close to fair value, supported by strong fundamentals and
an impressive dividend profile. We maintain our Hold rating.
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By Adrian Prendergast
20 January 2021, 8:00 AM
BHP share price has performed well on recent commodity strength, but we see further legs to the cycle and maintain a Hold recommendation.
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By Adrian Prendergast
09 December 2020, 12:00 PM
With limited experience in energy, we see Fortescue (ASX:FMG) as poorly placed to enter renewables – a space characterised by surging competition, dominated by energy super majors, and deteriorating return profiles. Fortescue's iron ore business meanwhile is going from strength-to-strength.
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By Mat Collings
30 November 2020, 2:30 PM
The gold price has softened on the back of increasing global confidence as Covid-19 vaccine developments make progress. The path to normal remains rocky and we think markets are too upbeat on vaccine timing – we expect volatility will create trading opportunities.
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