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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  GMK Noril'skiy nikel' PAO    GMKN   RU0007288411

GMK NORIL'SKIY NIKEL' PAO

(GMKN)
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Norilsk 2Q Nickel Output Down 5% On Short Delivery and Facility Closure

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07/29/2013 | 04:44am EDT

By Lukas I. Alpert

MOSCOW--OAO Norilsk Nickel (>> GMK Noril'skiy nikel' OAO), the world's largest nickel and palladium producer, said Monday its second-quarter nickel output fell 5% on the quarter to 67,814 metric tons due to short delivery of semi-products from two facilities and the mothballing of the Lake Johnston mine in Australia.

MAIN FACTS:

-Norilsk's second quarter palladium production was up 28% to 755,000 troy ounces from 588,000 ounces in the prior quarter.

-Copper production was up 4% on quarter at 94,622 tons from 91,026 tons.

-Platinum production was up 35% at 188,000 troy ounces compared with 140,000 ounces in the first quarter.

-First half nickel output fell 4% on the year to 139,387 metric tons form 145,463 tons.

-First half copper production grew 4% to 185,648 tons, from 178,242 tons a year earlier.

-First half palladium production declined 3% to 1.342 million troy ounces, from 1.378 million ounces the previous year.

-First half platinum output fell 7%, to 328,000 ounces from 352,000 ounces.

-The company offered no outlook for the rest of the year.

Write to Lukas I. Alpert at lukas.alpert@dowjones.com

Stocks mentioned in the article : GMK Noril'skiy nikel' OAO
Stocks mentioned in the article
ChangeLast1st jan.
GMK NORIL'SKIY NIKEL' PAO End-of-day quote.
PALLADIUM 1.37% 2357.1 Delayed Quote.17.01%
PLATINUM 0.20% 724.393782 Delayed Quote.-23.09%
PUBLIC JOINT STOCK COMPANY MINING AND METALLURGICAL COMPANY NORILSK NICKEL -1.53% 24.4 Delayed Quote.-18.92%
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Financials (USD)
Sales 2020 14 367 M
EBIT 2020 7 695 M
Net income 2020 5 846 M
Debt 2020 7 379 M
Yield 2020 13,2%
P/E ratio 2020 6,57x
P/E ratio 2021 6,60x
EV / Sales2020 3,20x
EV / Sales2021 3,27x
Capitalization 38 596 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 30,55  $
Last Close Price 24,39  $
Spread / Highest target 60,7%
Spread / Average Target 25,2%
Spread / Lowest Target -9,80%
EPS Revisions
Managers
NameTitle
Vladimir Olegovich Potanin President & Chairman-Management Board
Gareth Peter Herbert Penny Independent Non-Executive Chairman
Sergey Nikolaevich Dyachenko Chief Operating Officer & First Vice President
Sergey Gennadyevich Malyshev Chief Financial Officer & Senior Vice President
Marianna Aleksandrovna Zakharova Executive Director, VP & General Counsel