Copper Stocks: Augusta Resource (NYSEMKT:AZC), Freeport-McMoRan Copper & Gold (NYSE:FCX), Lihua International (NASDAQ:LIWA), Nevsun Resources (NYSEMKT:NSU)

Posted by on Mar 31, 2014

Augusta Resource Corp. (USA) (NYSEMKT:AZC) announced that its ongoing strategic review process has generated strong interest and that it will be holding a meeting of shareholders on May 9, 2014. The meeting will reaffirm the continuation of its existing shareholder-approved rights plan. Augusta Resource Corp. (USA) (NYSEMKT:AZC) shares after opening at $3.06 moved to $3.12 on last trade day and at the end of the day closed at $3.11. Company price to cash ratio in past twelve months was calculated as 568.39. Augusta Resource Corp. (USA)(NYSEMKT:AZC)showed a positive weekly performance of 4.71%.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) has been granted export certification in Indonesia and is expected to start shipping from the fifth largest copper mine of the world again. Freeport has not been exporting copper concentrate from the mine in remote Papua, Indonesia, since January. It is still due to come to an agreement relating to escalated export tax which it had refused to pay before resuming shipments.Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares advanced 1.39% in last trading session and ended the day on $32.86.FCX return on equity ratio is recorded as 13.40% and its return on assets is 4.60%. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) yearly performance is 7.35%.

Lihua International Inc (NASDAQ:LIWA), a leading Chinese developer, designer, and manufacturer of low cost, high quality alternatives to pure copper products, including refined copper products, copper wire and copper clad aluminum (“CCA”) cable and wire, announced financial results for the fourth quarter and full-year ended December 31, 2013. “2013 was a transitional year for Lihua as we invested in critical upgrades and process improvements to our facilities and prepared to launch a new higher technology, higher quality CCA superfine wire product,” said Mr. Jianhua Zhu, founder, chairman and CEO. “Although these enhancements resulted in fewer production days, and therefore, reduced sales and profitability, we believe these developments will help to drive improvement on both the top and bottom lines in the future.”Lihua International Inc (NASDAQ:LIWA) shares moved down-0.79% in last trading session and was closed at $ 5.00, while trading in range of $5.00 – 5.08. Lihua International Inc (NASDAQ:LIWA) year to date (YTD) performance is -12.95%.

Nevsun Resources (USA) (NYSEMKT:NSU) will begin trading ex-dividend on March 27, 2014. A cash dividend payment of $0.035 per share is scheduled to be paid on April 15, 2014. Shareholders who purchased NSU stock prior to the ex-dividend date are eligible for the cash dividendpayment. This represents an -50% decrease from the prior quarter. Nevsun Resources (USA) (NYSEMKT:NSU) weekly performance is -2.28%. On last trading day company shares ended up $3.43. Nevsun Resources (USA) (NYSEMKT:NSU) distance from 50-day simple moving average (SMA50) is -8.37%. Analysts mean target price for the company is $4.62.

Leave a Reply

Your email address will not be published. Required fields are marked *