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Deutsche Bank Sees Debt Levels 'Critical' In Upstream Metals & Mining; Upgrades CONSOL, Downgrades Freeport-McMoRan
Monday, October 5, 2015 - 10:55am | 393CONSOL Energy Inc (NYSE: CNX) shares have plunged 53 percent year-to-date, while shares of Freeport-McMoRan Inc (NYSE: FCX) are down 54 percent. Deutsche Bank’s Jorge Beristain upgraded the rating on CONSOL from Sell to Hold, while downgrading the rating on Freeport-McMoRanfrom Buy to...
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UPDATE: Deutsche Bank Downgrades Thompson Creek Metals Company As Moly Prices Fall
Thursday, December 11, 2014 - 10:25am | 151In a report published Thursday, Deutsche Bank analyst Jorge Beristain downgraded the rating on Thompson Creek Metals Company (NYSE: TC) from Buy to Hold, and lowered the price target from $3.75 to $1.60. In the report, Deutsche Bank noted, “The company holds a 75% interest at Endako (Sojitz Moly...
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UPDATE: Deutsche Bank Downgrades Cliffs Natural Resources Following Bloom Lake Decision
Thursday, November 20, 2014 - 8:48am | 157In a report published Thursday, Deutsche Bank analyst Jorge Beristain downgraded the rating on Cliffs Natural Resources Inc (NYSE: CLF) from Buy to Hold, and lowered the price target from $17.00 to $10.00. In the report, Deutsche Bank noted, “Cliffs determined that the potential to reach an...
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UPDATE: Deutsche Bank Initiates Coverage On Ryerson Holding As Stock Is Poised For Growth
Wednesday, November 12, 2014 - 11:17am | 149In a report published Wednesday, Deutsche Bank analyst Jorge Beristain initiated coverage on Ryerson Holding Corp (NYSE: RYI) with a Buy rating and $15.00 price target. In the report, Deutsche Bank noted, “With this report we initiate coverage on Ryerson with a Buy rating and 12-month Price Target...
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Deutsche Bank 'Eats Crow' And Upgrades Alcoa
Monday, October 27, 2014 - 2:11pm | 199Deutsche Bank upgraded Alcoa Inc (NYSE: AA) from Hold to Buy and raised the price target from $16 to $20. Analyst Jorge Beristain, noted that "following better-than-expected 3Q14 results and incorporating [the] pending $3bn Firth Rixon acquisition," the firm made the upgrade....
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Deutsche Bank Previews 3Q Steel Dynamics, Shares Up 3%
Friday, October 17, 2014 - 10:06am | 150Deutsche Bank issued a 3Q 2014 preview for Steel Dynamics, Inc. (NASDAQ: STLD) on Thursday and expected higher shipments and spread. Analyst Jorge Beristain expected the company to "report 3Q14 adjusted EPS of $0.44 (+42 percent QoQ, +76 percent YoY) with sequential improvement primarily...
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UPDATE: Deutsche Bank Upgrades United States Steel On Model Update
Monday, August 4, 2014 - 7:48am | 154In a report published Monday, Deutsche Bank analyst Jorge Beristain upgraded the rating on United States Steel (NYSE: X) from Hold to Buy, and raised the price target from $28.00 to $40.00. In the report, Deutsche Bank noted, “We have updated our model to include US Steel's 2Q14 results and latest...
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China Slowdown Muddies Mining Waters; Deutsche Bank Still Positive On The Sector
Monday, July 7, 2014 - 11:10am | 397With China's economic slowdown creating muddy waters for metals and mining stocks, a Deutsche Bank analyst remains generally positive on the group. "The focus is shifting to more company specific stories" from an emphasis on sector performance, analyst Jorge Beristain said in a...
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Deutsche Bank Previews Americas Metals & Mining: Upgrades Alcoa, Newmont
Monday, April 7, 2014 - 2:45pm | 389In a report published Sunday, Deutsche Bank Markets Research analyst Jorge Beristain gave a first quarter preview on the Americas Metals & Mining Industry. Industry View Deutsche Bank maintained preference for Industrial Metals over Precious Metals. The analyst wrote, “We believe that...
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UPDATE: Deutsche Bank Downgrades Allegheny Technologies
Friday, January 10, 2014 - 10:16am | 228In a report published Friday, Deutsche Bank analyst Jorge Beristain downgraded Allegheny Technologies (NYSE: ATI) to Hold from Buy. According to the report, following a tough year for coverage equities with an average gain of just 3 percent, fortunes change in 4Q. Steel/Specialty Metal stocks...
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UPDATE: Deutsche Bank Lowers PT on Southern Copper Following 3Q13 Preview
Wednesday, October 2, 2013 - 11:42am | 160In a report published Wednesday, Deutsche Bank analyst Jorge Beristain reiterated a Hold rating on Southern Copper Corp. (NYSE: SCCO), but lowered the price target from $41.00 to $36.00. In the report, Deutsche Bank noted, “With the tide apparently having gone out for key global metals and bulk...
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UPDATE: Deutsche Bank Lowers PT on Vale SA Following the Tide Going Out
Wednesday, October 2, 2013 - 11:33am | 158In a report published Wednesday, Deutsche Bank analyst Jorge Beristain reiterated a Buy rating on Vale SA (NYSE: VALE), but lowered the price target from $22.00 to $20.00. In the report, Deutsche Bank noted, “With the tide apparently having gone out for key global metals and bulk commodities, NA...
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UPDATE: Deutsche Bank Raises PT on Teck Resources Ltd. Following the Tide Going Out
Wednesday, October 2, 2013 - 11:33am | 160In a report published Wednesday, Deutsche Bank analyst Jorge Beristain reiterated a Buy rating on Teck Resources Ltd. (NYSE: TCK), and raised the price target from $25.00 to $26.00. In the report, Deutsche Bank noted, “With the tide apparently having gone out for key global metals and bulk...
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UPDATE: Deutsche Bank Raises PT on Freeport-McMoRan Copper & Gold Following 3Q13 Preview
Wednesday, October 2, 2013 - 11:33am | 160In a report published Wednesday, Deutsche Bank analyst Jorge Beristain reiterated a Buy rating on Freeport-McMoRan Copper & Gold (NYSE: FCX), and raised the price target from $35.00 to $38.00. In the report, Deutsche Bank noted, “With the tide apparently having gone out for key global metals...
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UPDATE: Deutsche Bank Lowers PT on Coeur Mining Following 3Q13 Preview
Wednesday, October 2, 2013 - 11:33am | 158In a report published Wednesday, Deutsche Bank analyst Jorge Beristain reiterated a Buy rating on Coeur Mining (NYSE: CDE), but lowered the price target from $18.00 to $16.00. In the report, Deutsche Bank noted, “With the tide apparently having gone out for key global metals and bulk commodities,...