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Rabobank has appointed Pollyana Saraiva as the new State Manager for Country Banking in Queensland, succeeding Brad James, who is retiring after over 20 years. With nearly 30 years of experience in financial services and agribusiness, Saraiva previously led Rabobank's rural banking operations in Latin America and is committed to enhancing support for agricultural producers in Queensland. She expressed enthusiasm for contributing to the region's agricultural sector and helping clients achieve their business aspirations.
Southern Copper Co. is projected to report earnings of $4.66 per share for the current fiscal year. The company recently increased its quarterly dividend to $0.70, reflecting a 2.91% yield, while analysts maintain a "Hold" rating with a consensus price target of $97.31. Despite mixed ratings from research analysts, the stock has shown resilience, opening at $96.13 with a market cap of $75.51 billion.
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%.
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.
Freeport-McMoRan Inc. holds a "Moderate Buy" consensus rating with a price target of $51.75. The company, engaged in mining various metals, reported a quarterly EPS of $0.31, missing estimates, while institutional investors own 80.77% of its stock. Recent analyst ratings show mixed adjustments, with some lowering price targets and others upgrading their ratings.
Geode Capital Management LLC and Franklin Resources Inc. increased their stakes in Freeport-McMoRan by 2.4% and 8.0%, respectively, during the fourth quarter, with institutional investors owning 80.77% of the company. Deutsche Bank upgraded Freeport-McMoRan to a buy rating, setting a price target of $47.00, while analysts have mixed ratings, with a consensus price target of $51.75. The company reported earnings of $0.31 per share, missing estimates, and has a market capitalization of $53.13 billion.
Peru aims to attract over $500 million for digital infrastructure investments in the next two years, focusing on 5G deployment with partnerships from Chinese companies like ZTE and Huawei. The government supports telecom development through favorable regulations and public-private partnerships, targeting 60% urban 5G coverage by 2025. Internet access has surged from under 20% in 2012 to over 76% in 2023, reflecting significant progress in bridging the digital divide.
UBS upgraded Barrick Gold's outlook from Neutral to Buy on March 5, 2025, forecasting a 32.59% price increase to an average target of $23.51 per share. Despite a projected 8.24% revenue decline to $11,857MM, institutional ownership rose by 2.91%, with a bullish put/call ratio of 0.52.
Emerging market sovereigns face vulnerabilities amid rising global financial volatility, particularly with the U.S. dollar rallying. Countries like Argentina, Turkey, and South Africa have seen significant currency depreciations, while exposure to currency risk varies widely, with South American nations notably affected. Additionally, potential capital outflows and increased interest burdens could exacerbate financial pressures for several emerging economies.
KME, a leading European rolled copper supplier, has shifted focus to the booming electronics sector, with over 90% of sales now in rolled copper. The company is enhancing its ESG profile, with 43% of output from recycled copper, while expanding its borrowing base facility to €460m to support growing demand driven by AI and electrification.
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Rabobank appoints Pollyana Saraiva as new Queensland state manager
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