Metals & mining (diversified)
Article Abstract:
The aluminum mining industry no longer expects the substantial growth in earnings that had been predicted for 1996 but its moderate growth should boost share prices accordingly, and although copper mines will not continue the record growth they experienced in 1995, prices will remain high enough to rank copper mining securities in the highest bracket. Investors, however, should be cautious concerning both aluminum mining and copper mining securities for the remainder of 1996.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Metals & mining (diversified) industry
Article Abstract:
Sumitomo's announcement of unauthorized trades hit the copper market hard. Prices dropped almost 25% in June and July 1996. Dividends are above average, performance is off and the ranking contains no stocks with an above average timeliness factor. Cyprus Amax withdrew a $200 million offering after its stock price fell and construction of a Chilean mine was delayed by Gibraltar Mines because of lack of underwriting.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Metals & mining (diversified) industry
Article Abstract:
Aluminum and copper companies have posted excellent earnings gains in 1995 and their stocks have reached the peak of their investment potential. The long-term growth potential of most of these stocks is not as favorable. Aluminum prices will grow from 80-85 cents/lb in 1995 to $1.00 in 1997. Copper will fall from $1.35 cents/lb in 1995 to $1.25 in 1998-2000. Both will benefit from strong, sustained demand.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: