| Rio Posts Weak 2014 Results, Falls Y/Y on Market Headwinds - Analyst Blog | |
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Rio Tinto plc (RIO) reported weak financial results for 2014. Backed by lower costs and increased volumes, the company’s underlying earnings came in at $9.3 billion. However, the figure missed the year-ago tally of $10.2 billion by 9%.Underlying earnings per ADR came in at $5.03 against $5.53 a year ago. Balance Sheet/Cash Flow: Exiting 2014, cash and cash equivalents amounted to $12.4 billion, up from $10.2 billion at the end of 2013. Long-term borrowings and other financial liabilities were recorded at $22.5 billion, compared with $24.6 billion at 2013-end. Net cash flow from operating activities in 2014 was $14.3 billion compared with $15.1 billion in the preceding year. Capital expenditure decreased to $8.2 billion in 2014 from $13.0 billion in 2013. In 2014, Rio Tinto paid dividend of $2.15 per share, a 12% increase from $1.92 paid in 2013. In 2015, the company expects $750 million of cash cost improvements, while its capital expenditure is projected at less than $7 billion. Other Stocks to Consider
With a market capitalization of $87.21 billion, Rio Tinto carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the industry include Denison Mines Corp. (DNN), Dominion Diamond Corp. (DDC) and McEwen Mining Inc. (MUX). All the three stocks currently hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RIO TINTO-ADR (RIO): Free Stock Analysis Report DOMINION DIAMND (DDC): Free Stock Analysis Report DENISON MINES (DNN): Free Stock Analysis Report MCEWEN MINING (MUX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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McEwen Mining Inc
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PRODUCER |
CODE : MUX |
ISIN : US58039P1075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
McEwen Mining is a gold and silver producing company based in Canada. McEwen Mining holds various exploration projects in Mexico. Its main assets in production are MAGISTRAL MINE in Mexico and SAN JOSE ARGENTINA in Argentina, its main asset in development is EL GALLO MEXICO in Mexico and its main exploration properties are PALMARITO, GOLD PICK AND GOLD RIDGE, TONKIN PROJECT and MAGISTRAL in Mexico and LOS AZULES ARGENTINA and LIMO in Argentina. McEwen Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 3.2 billions as of today (€ 2.8 billions). Its stock quote reached its lowest recent point on July 29, 2022 at US$ 0.32, and its highest recent level on July 19, 2024 at US$ 9.99. McEwen Mining has 337 054 594 shares outstanding. |