AGNICO EAGLE MINES (AEM $37.39, rated Neutral, $37 price target) GUIDANCE STEP-UPS DID NOT MEET EXPECTATONS 8/4/2014
AGNICO EAGLE MINES (AEM $37.39, rated Neutral, $37 price target) GUIDANCE STEP-UPS DID NOT MEET EXPECTATONS 8/4/2014
Archives: Downloads
COPPER INDUSTRY – – MAY YTD APPARENT DEMAND GROWTH AT 9.3% IN EUROPE, 22.5% IN CHINA AND 3.3% FOR REMAINDER OF WORLD OUTSTRIPS SUPPLY; DEGREE OF SEASONAL DROP IN SECOND-HALF IMPORTANT 8/4/2014
COPPER INDUSTRY – – MAY YTD APPARENT DEMAND GROWTH AT 9.3% IN EUROPE, 22.5% IN CHINA AND 3.3% FOR REMAINDER OF WORLD OUTSTRIPS SUPPLY; DEGREE OF SEASONAL DROP IN SECOND-HALF IMPORTANT 8/4/2014
FREEPORT-McMoRAN (FCX $36.78, rated Overweight, price target $72) 2014 THROUGH 2017 COPPER PRICE ESTIMATES RAISED; HIGHER ROYALTIES, DUTIES AND INDONESIAN OWNERSHIP LITTLE IMPACT ON MODELS 8/3/2014
FREEPORT-McMoRAN (FCX $36.78, rated Overweight, price target $72) 2014 THROUGH 2017 COPPER PRICE ESTIMATES RAISED; HIGHER ROYALTIES, DUTIES AND INDONESIAN OWNERSHIP LITTLE IMPACT ON MODELS 8/3/2014
METALS AND FOREST PRODUCTS – – LOOKING BACK ON EIGHT RATINGS DOWNGRADES MADE JULY 23RD PRIOR TO RECENT EARNINGS REPORTS 8/22/2014
METALS AND FOREST PRODUCTS – – LOOKING BACK ON EIGHT RATINGS DOWNGRADES MADE JULY 23RD PRIOR TO RECENT EARNINGS REPORTS 8/22/2014
NORBORD (NBRXF US $21.22 rated Overweight with US $32 down from $42 price target) LOWER OSB PRICE ESTIMATES LOWER EARNINGS AND NPV; OSB PRICE EXPECTATION EMBEDDED IN STOCK PRICE ESTIMATED AT $221/000 SQ FT FOR 2015-2022 8/27/201
NORBORD (NBRXF US $21.22 rated Overweight with US $32 down from $42 price target) LOWER OSB PRICE ESTIMATES LOWER EARNINGS AND NPV; OSB PRICE EXPECTATION EMBEDDED IN STOCK PRICE ESTIMATED AT $221/000 SQ FT FOR 2015-2022 8/27/2014
FOREST PRODUCTS – – NORTH AMERICAN OSB PRICES EXPECTED TO RECOVER GRADUALLY THROUGH 2021 AS HOUSING STARTS INCREASE 8/29/2014
FOREST PRODUCTS – – NORTH AMERICAN OSB PRICES EXPECTED TO RECOVER GRADUALLY THROUGH 2021 AS HOUSING STARTS INCREASE 8/29/2014
ALUMINUM INDUSTRY – – SPECIFICS OF WORLD BAUXITE OUTPUT WITH INDONESIA IDLE INDICATE PENDING SHORTAGES
ALUMINUM INDUSTRY – – SPECIFICS OF WORLD BAUXITE OUTPUT WITH INDONESIA IDLE INDICATE PENDING SHORTAGES 8/29/2014
SPOT MARKETS – – GLOBAL GROWTH RATES SLOW AS EU STEEL OUTPUT FELL IN JULY AND CU, NI AND ZN DEMAND HAVE SUMMER DOLDRUMS 9/5/2014
SPOT MARKETS – – GLOBAL GROWTH RATES SLOW AS EU STEEL OUTPUT FELL IN JULY AND CU, NI AND ZN DEMAND HAVE SUMMER DOLDRUMS 9/5/2014
HUDBAY MINERALS (HBM US $10.24; Rating Neutral; Price Target RAISED from $6/share to $9/share) ROSEMONT PROJECT INCORPORATED INTO MODELS, RESULTING IN HIGHER FUTURE EARNINGS AND CASH FLOW ESTIMATES 8/27/2014
HUDBAY MINERALS (HBM US $10.24; Rating Neutral; Price Target RAISED from $6/share to $9/share) ROSEMONT PROJECT INCORPORATED INTO MODELS, RESULTING IN HIGHER FUTURE EARNINGS AND CASH FLOW ESTIMATES 8/27/2014
LOUISIANA PACIFIC (LPX: $14.29 rated neutral with $18 price target maintained) GRADUAL RATHER THAN RAPID RECOVERY IN OSB PRICING ESTIMATED; SIDING CONVERSION AND 3RD CHILEAN MILL PROJECTS UNDER STUDY 9/5/2014
LOUISIANA PACIFIC (LPX: $14.29 rated neutral with $18 price target maintained) GRADUAL RATHER THAN RAPID RECOVERY IN OSB PRICING ESTIMATED; SIDING CONVERSION AND 3RD CHILEAN MILL PROJECTS UNDER STUDY 9/5/2014