Norsk Hydro shares gain 14% M-o-M: Aluminium demand, Q2 results draw investor focus
Leading recycled aluminium producer Norsk Hydro stock is attracting investor attention as its second-quarter (Q2) performance, aluminium prices and market outlook shape sentiment around the company. Hydro reported strong Q2 2026 profitability , backed by higher aluminium prices, product premiums...
Chuangxin Industries H1’26: Profit jumps 166%, driven by aluminium prices, green power
Chuangxin Industries Holdings Limited recorded a robust financial performance in the first half (H1) of 2026, with revenue rising 32.4 per cent year-on-year to RMB 11.53 billion (USD 1.71 billion) and net profit jumping 166.1 per cent to RMB 2.32 billion (USD 344.19 million). The Chinese aluminium...
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Noranda Aluminum Holding Corp.’s “Neutral” Rating Reaffirmed at Jefferies Group
Jefferies Group restated their neutral rating on shares of Noranda Aluminum Holding Corp. in a report issued on Monday, StockRatingsNetwork.com reports. They currently have a $4.25 target price on the stock, down from their previous target price of $4.75. “We mark to market our 2Q13 estimates for...
Alumina Gains as costs fall
Improved margins reported by leading US aluminium/alumina producer Alcoa in the second quarter have given brokers a reason to expect a better performance from Alumina Ltd this year. Alcoa reported a surprise quarterly increase in the alumina division's earnings margin to US$47/t from US$44/t. Costs...
Alcoa earnings exceed estimates after aerospace orders increase
Alcoa Inc., the largest US aluminium producer, reported earnings that beat analysts’ estimates after a better-than-expected performance at its unit that supplies components to aerospace and power companies. Profit excluding expenses related to output cuts and a legal settlement were 7 cents a...
Noranda Aluminum Holding Corp. Receives “Neutral” Rating from Jefferies Group
Noranda Aluminum Holding Corp.‘s stock had its “neutral” rating reaffirmed by Jefferies Group in a research note issued on Monday, Stock Ratings Network.com reports. They currently have a $4.25 price target on the stock, down from their previous price target of $4.75. Jefferies Group’s target price...
Alcoa Facing ‘Hard Decisions’ on Aluminum Plants
Bob Wilt’s first job at Alcoa Inc. (AA) was in 1999 at a plant in the Tennessee town named after the company. In 2012, as head of the aluminum producer’s U.S. smelters, he oversaw the plant’s demolition. As the new president of Alcoa’s global primary products business, the Gulf War veteran will now...
Alcoa estimate down in past month
Expectations have dropped for Alcoa’s second quarter results in the month leading up to the company’s earnings announcement slated for Monday, July 8, 2013. The consensus analyst estimate has dropped from 12 cents a share to the current estimate of earnings of nine cents a share. Over the past...
Zacks downgrades Reliance Steel & Aluminum to “Underperform” rating
Reliance Steel & Aluminum Co. was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, ARN reports. They currently have a $60.00 price target on the stock. Zacks' price target would suggest a potential downside of 9.52% from the stock’s...
Vimetco N.V. releases AGM statement and result
Vimetco N.V., the global producer of primary and processed aluminium products, held its Annual General Meeting at the World Trade Center, Strawinskylaan 1643, Tower C, Level 16, 1077 XX Amsterdam, The Netherlands, on 21 June 2013, where all proposed resolutions were duly passed. The Agenda of the...
Alcoa pre-earnings outlook
Alcoa is set to report second quarter earnings on July 8. Its second quarter earnings report follows some speculation in the market regarding aluminum prices and global industry demand. Analysts’ have a second quarter consensus estimate of $0.10 per share, $0.04 above the previous year’s second...
Noranda Aluminum lowered “underweight” by Morgan Stanley analysis
Noranda Aluminum Holding Corp. was lowered by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. Noranda Aluminum Holding Corp. opened at 3.27 on Tuesday. Noranda Aluminum...
Novelis UK gains profit from recycling
Operating profit has risen at Cheshire recycling company Novelis as the company completes a rationalisation program of its factories. Four years ago, Warrington-based Novelis UK announced a plan to shut its site in South Wales and in 2011 it agreed to deal with Discovery Foils to sell its base in...
Noranda Aluminum upgraded to “Neutral” by Zacks ratings
Noranda Aluminum Holding Corp. was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Thursday, AnalystRatingsNetwork reports. The firm currently has a $3.90 price target on the stock. Zacks’price objective would suggest a potential upside of 1.83% from the...
Morgan Stanley reiterates equal weight rating for Century Aluminum
Century Aluminum Company’s stock had its “equal weight” rating restated by research analysts at Morgan Stanley in a report released on Monday, AnalystRatingsNetwork.com reports. Other equities research analysts have also recently issued reports about the stock. Analysts at The Street upgraded...
India’s Maan Aluminium net profit declines 40% in the March 2013 quarter
Net profit of Maan Aluminium declined 40% to INR 0.06 crore in the quarter ended March 2013 as against INR 0.10 crore during the previous quarter ended March 2012. Sales declined 16.79% to INR 30.63 crore in the quarter ended March 2013 as against INR 36.81 crore during the previous quarter ended...
Ess Dee Aluminium net profit rises 240.09% in the March 2013 quarter
Net profit of Ess Dee Aluminium rose 240.09% to INR 36.05 crore in the quarter ended March 2013 as against INR 10.60 crore during the previous quarter ended March 2012. Sales rose 19.13% to INR 193.21 crore in the quarter ended March 2013 as against INR 162.19 crore during the previous quarter...
India’s Shree Narmada Aluminium registers loss of INR 0.63 million in March quarter
Shree Narmada Aluminium Industries swung to a loss for the quarter ended March 2013. During the quarter, the company reported a loss of INR 0.63 million compared with a profit of INR 0.53 million in the same quarter last year. Net sales for the quarter declined 17.23% to INR 17.77 million, compared...
India's Hind Aluminium net profit rises 72.94% in the March 2013 quarter
Hind Aluminium Industries registered a net profit of 72.94% to USD 0.52 million in the quarter ended March 2013 as against USD 0.30 million during the previous quarter ended March 2012. Sales declined 3.58% to USD 18.40 million in the quarter ended March 2013 as against USD 19.08 million during the...
Noranda announces $50 million incremental term loan facility and $15 million incremental ABL commitments
Noranda Aluminum Holding Corporation announced that Noranda Aluminum Acquisition Corporation, its wholly-owned subsidiary, has entered into an incremental term loan facility in the amount of $50 million under its existing term loan credit agreement. The new loans will mature in 2019. AcquisitionCo...
