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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Glencore    GLEN   JE00B4T3BW64

GLENCORE

(GLEN)
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Glencore : New Brunswick premier says impact from loss of 420 jobs at lead smelter is huge

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11/14/2019 | 04:30pm EST

FREDERICTONNew Brunswick Premier Blaine Higgs says the closure of the Brunswick Lead Smelter in Belledune and the loss of 420 jobs will have a huge impact on the community.

Higgs, who met with officials of Glencore Canada Corp. on Wednesday, says his government will continue to work with the company to help the affected workers and their families.

Glencore officials say the smelter has been losing money since the closure of the Brunswick Mine in 2013.

Higgs says northern New Brunswick has been hit hard since the 2008 recession.

He says his government is trying to build a province that is resilient to the impacts of world economics, so much work needs to be done.

He says the government is looking at all options to help Belledune, including a possible iron smelter.

This report by The Canadian Press was first published Nov. 14, 2019.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2019 210 B
EBIT 2019 4 457 M
Net income 2019 1 442 M
Debt 2019 32 814 M
Yield 2019 5,52%
P/E ratio 2019 28,1x
P/E ratio 2020 12,2x
EV / Sales2019 0,35x
EV / Sales2020 0,33x
Capitalization 41 630 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 3,61  $
Last Close Price 3,14  $
Spread / Highest target 104%
Spread / Average Target 14,7%
Spread / Lowest Target -56,7%
EPS Revisions
Managers
NameTitle
Ivan Glasenberg Chief Executive Officer & Executive Director
Anthony Bryan Hayward Non-Executive Chairman
Steven F. Kalmin Chief Financial Officer
Peter Roland Coates Non-Executive Director
Leonhard Heinrich Fischer Independent Non-Executive Director
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