Added today, fundamentals look set fair for the foreseeable with existing production , dividend appears well covered. Let's keep our fingers crossed they haven't missed the acquisition boat what with base metals futures firming. GLA, NAI, DYOR etc |
Copper up again. |
Eric Johnston from Canaccord has been coming on CNBC for 3 years talking down the economy predicting a recession. Year after year he's been wrong. Greg Branch another.
Shows they know nothing! |
Some thicko at Canaccord.
Copper is up 25% year on year.
EPS will rise in 2025.
That thicko should be UPGRADING the shares. |
Broker downgrade from Canaccord Genuity, Hold
Old target: 215.00
New Target: 175.00 |
I don't know, probably the Trump metal tariffs with Steel and Aluminium the latest. I believe GLEN is a major aluminium producer and the likes of AAL produce steelmaking coal. Perhaps the market seeing wider metal tariffs escalations here?Just noticed there seems to be many small bot type sells today, clumped together in batches with exactly the same timing. Seems someone is trying to get the price down. Any views? I have also added further today, good luck all. |
Any reason why base metal miners have been smashed. Metals down over night any news before I add more? |
EPS of 40p from copper alone here. Forward P/E is insanely low. |
I didn't realise CAML has a fairly active X account |
The copper price is far higher now than when they made those forecasts. |
The latest forecasts on Sharescope look to be:
PE Ratios 2024 = 7.3, 2025 = 6.7, 2026 = 6.6.
EPS Forecasts 2024 +37.7% 2025 = +9.4% 2026 +1.7%
Forecasts still looking good imo. |
P/E is 9.04 |
What do you make the P/E here?
Mid single digit IMO. |
Copper rocketing, Zinc holding firm, Lead relatively weak. Most of CAML's turnover is from Copper, so absolutely no reason for the share price to be this low.
Cash cost of copper production $0.78 / lb in 2024. So making nearly $4 / lb cash profit per lb produced today.
Annual production ~29 million lbs (13,500 metric tonnes) = ~$116m profit margin on copper at Kounrad.
That alone would more than cover overheads and 18p dividend. |
Up to $4.6 now. |
Copper price now +22% year on year.
Surely helps drive profits substantially and forward guidance next month. Forward P/E is only 7 IMO. |
Well worth a daily read on Cu trading economics:
"Copper futures surged above $4.49 per pound on Friday, scaling four-month highs, as concerns about tightening supply from the world’s largest copper producer, Chile, took center stage. Chile also forecasts rising demand for copper, driven by the energy transition and electrical networks, which further fueled the price increase. However, Chile's copper commission, Cochilco, cautioned that geopolitical tensions and US tariffs could pose risks that might negatively affect the market. Copper prices also found support from a weakening US dollar, driven by easing concerns over a global trade war. US President Donald Trump and Chinese President Xi Jinping are expected to discuss trade issues in an upcoming call, raising hopes that further escalation can be avoided and tariffs may be reversed." |
I said a short while ago that it should have a nice run to 170. |
Well it's 160 and climbing. Should be 2 quid minimum. 11% dividend! |
Had previously bought more at 151 and 154. |
Bought more at 153 |
Good timing ! |
Loving my (maybe final) 148p purchase. |
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