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Robeco Institutional Asset Management B.V. increased its stake in Southern Copper Corporation, owning 137,019 shares valued at $12.5 million. The company, engaged in mining and refining copper and other minerals across several countries, has received mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $97.31. Recently, UBS upgraded the stock to "Buy" with a target of $120, indicating a potential upside of 32.89%.
Archer-Daniels-Midland (NYSE: ADM) reported Q4 earnings of $1.14 per share, surpassing estimates, despite a 6.4% year-over-year revenue decline to $21.50 billion. The company recently increased its quarterly dividend to $0.51 per share and authorized a share repurchase program for 100 million shares, signaling confidence in its stock value. Analysts project an EPS of 4.31 for the current year, but the stock currently holds a Reduce rating among analysts.
Tesla plans to produce a lower-cost Model Y, codenamed "E41," at its Shanghai factory starting in 2026, aiming for a 20% reduction in production costs. This model will primarily target the Chinese market to maintain market share amid increasing competition. The vehicle will be smaller than the refreshed Model Y and is part of Tesla's strategy to adapt to declining sales in China, where the company’s market share has been decreasing.
UBS upgraded Southern Copper (SCCO) from Neutral to Buy on March 13, 2025, with a one-year price target average of $96.41/share, indicating a 4.40% upside from its recent closing price of $92.35. Institutional ownership has increased by 3.60% over the last three months, with a bullish put/call ratio of 0.91. The company, primarily owned by Grupo Mexico, operates in Mexico and Peru and is a leading copper producer globally.
Gold prices have surged to an all-time high, reaching Rs 86,875 per 10 grams, driven by escalating trade war concerns. This spike follows President Trump's recent imposition of significant tariffs—20% on Chinese goods and 25% on imports from Mexico and Canada.
Tesla China is developing a "lower-priced Model Y" to address increasing market competition, with minimal changes to its battery, power, and chassis. The launch timing will depend on the order performance of the updated Model Y, which has seen 200,000 orders but lower-than-expected initial deliveries. The new model could be crucial for regaining market competitiveness in China, where Tesla's sales have recently declined.
Tesla China is developing a "lower-priced Model Y" to address increasing market competition, with minimal changes to its battery, power, and chassis. The launch timing will depend on the order performance of the updated Model Y, which has seen 200,000 orders but lower-than-expected initial deliveries. The new model could be crucial for regaining market competitiveness in China, where Tesla's sales have recently declined.
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
Plata, a fintech startup from Mexico, has achieved unicorn status with a $1.5 billion valuation after raising $160 million in a Series A funding round led by Kora. Launched in April 2023, the company now serves one million active credit card users and accounts for 10% of new credit cards issued in Mexico. Founded by former Tinkoff Bank executive Neri Tollardo, Plata has raised a total of $750 million in equity and debt, navigating a challenging funding environment for Latin American startups.
MEX
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southern copper upgraded to buy as institutional investment increases
13:25 14.03.2025
Archer-Daniels-Midland Reports Earnings Beat and Increases Dividend Amid Stock Buyback
09:04 14.03.2025
Tesla to launch lower-cost Model Y in Shanghai by 2026
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ubs upgrades southern copper to buy with positive price forecast
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01:04 14.03.2025
gold prices soar to record high amid escalating trade war tensions
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12:21 13.03.2025
Tesla plans lower-priced Model Y to boost competitiveness in China
12:21 13.03.2025
nissan appoints ivan espinosa as new ceo amid financial struggles
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05:39 12.03.2025
nissan appoints ivan espinosa as new ceo amid financial struggles
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05:39 12.03.2025
Plata becomes Mexico's latest unicorn with 160 million funding round
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04:00 12.03.2025
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