miércoles, 5 de enero de 2011
Miners in 2011 Renewed its Luster Great Opportunity in Mexico
Miners in 2011 renewed its luster
Citigroup analysts expect the copper price up 22% this year, 25% silver and gold 16%, Grupo Mexico is considered one of the stations most promising for this 2011.
The silver along with zinc account for more than 60% of revenues Peñoles. (Photo: Reuters)
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By: Jesus Ugarte
MEXICO CITY (FORTUNE) - Even the strong and widespread that observed increases in metal prices in 2010 is rarely seen in this year, some minerals such as gold, silver and copper continue to shine, which will favor results of firms in the sector, Grupo Mexico, Penoles and Fresnillo. In the case of the first, Actinver brokerage in 2011 expected to register increases of 13% in both revenue and its flow (EBITDA by its acronym in English).
Copper contributes 74% of the total income of the mining division of Grupo Mexico ( 26 companies Expansion of the 500 ) and about 60% of the consolidated (including the transport division). The mining sector specialists Citigroup estimated that in 2011 the industrial metal to reach $ 1.14 per pound for a 22% increase on last year's level.
In the case of gold, Citigroup analysts anticipate an increase of 16%, considering that it will reach a price of $ 1.444 an ounce, while silver would reach $ 25 per ounce, 25% above its price a year earlier.
" The two main catalysts (highly cyclical) remain the industrialization in China and the limited supply of new mines . In China, the annual growth should slow slightly in 2011, although the requirements for increased production of metals will remain significant " , quoted in a report Alexander Hacking, an analyst at Citigroup.
He adds that several new mines had delays of 1 to 2 years for the global financial crisis.
For Karla Pena, Actinver, there are two catalysts that will materialize this year to Grupo Mexico : the integration of mining operations into one entity and its placement on the stock market and the integration and placement on the stock transport division.
Stocks also 'shine'
In the year just ended, the price of silver, copper and gold showed increases of 83%, 33% and 30% respectively, compared with the levels achieved in 2009. This was reflected in the price of the shares of mining companies.
Shares of Grupo Mexico accumulated a yield of 70% , 63% of Penoles Fresnillo and 111%. With these performances, the first two were placed among the top 10 stations (members of the Price and Quotations Index) plus the winners of the Mexican Stock Exchange during 2010.
"We maintain our preference for companies that produce copper and iron ore in Latin America for 2011. The catalysts of Grupo Mexico could include higher copper prices , positive news about one of its major new mines (Tia Maria) and corporate restructuring " Citigroup analyst mentions
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
Citigroup analysts expect the copper price up 22% this year, 25% silver and gold 16%, Grupo Mexico is considered one of the stations most promising for this 2011.
The silver along with zinc account for more than 60% of revenues Peñoles. (Photo: Reuters)
RELATED ARTICLES
The raw materials of 'party' in 2011
The weak dollar and increased demand would raise prices of commodities like gold. GMexico BMV leads to a new record
The rise in copper prices led the market to close with a marginal gain of 0.02%. Cananea GMexico production plans
The miner expects to produce 15,000 tons in the fourth quarter and 150,000 tonnes in 2011. GMexico will invest 3.800 million dollars
The investment will primarily be in Cananea during the next five years. The usefulness of GMexico nearly doubles
The company reported a net profit increase of 98.5% to 6.566 million pesos in the third quarter. Peñoles turns to silver jewelry
Sales photofinishing silver fell more than half from 2000 to 2009. Metals shine in 2010
Profits, this year the silver takes 'gold' to aim at a gain of 80%. The 10 most promising stocks in 2011
Grupo Mexico, ICA, Geo, Alfa, Liverpool and Sare are emerging as the most successful titles in the BMV.
By: Jesus Ugarte
MEXICO CITY (FORTUNE) - Even the strong and widespread that observed increases in metal prices in 2010 is rarely seen in this year, some minerals such as gold, silver and copper continue to shine, which will favor results of firms in the sector, Grupo Mexico, Penoles and Fresnillo. In the case of the first, Actinver brokerage in 2011 expected to register increases of 13% in both revenue and its flow (EBITDA by its acronym in English).
Copper contributes 74% of the total income of the mining division of Grupo Mexico ( 26 companies Expansion of the 500 ) and about 60% of the consolidated (including the transport division). The mining sector specialists Citigroup estimated that in 2011 the industrial metal to reach $ 1.14 per pound for a 22% increase on last year's level.
In the case of gold, Citigroup analysts anticipate an increase of 16%, considering that it will reach a price of $ 1.444 an ounce, while silver would reach $ 25 per ounce, 25% above its price a year earlier.
" The two main catalysts (highly cyclical) remain the industrialization in China and the limited supply of new mines . In China, the annual growth should slow slightly in 2011, although the requirements for increased production of metals will remain significant " , quoted in a report Alexander Hacking, an analyst at Citigroup.
He adds that several new mines had delays of 1 to 2 years for the global financial crisis.
For Karla Pena, Actinver, there are two catalysts that will materialize this year to Grupo Mexico : the integration of mining operations into one entity and its placement on the stock market and the integration and placement on the stock transport division.
Stocks also 'shine'
In the year just ended, the price of silver, copper and gold showed increases of 83%, 33% and 30% respectively, compared with the levels achieved in 2009. This was reflected in the price of the shares of mining companies.
Shares of Grupo Mexico accumulated a yield of 70% , 63% of Penoles Fresnillo and 111%. With these performances, the first two were placed among the top 10 stations (members of the Price and Quotations Index) plus the winners of the Mexican Stock Exchange during 2010.
"We maintain our preference for companies that produce copper and iron ore in Latin America for 2011. The catalysts of Grupo Mexico could include higher copper prices , positive news about one of its major new mines (Tia Maria) and corporate restructuring " Citigroup analyst mentions
http://www.tibesarealty.com.mx/
www.tibesarealty.com.mx/wordpress/
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