MINING AND METALLURGICAL COMPANY NORILSK NICKEL

(GMKN)
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End-of-day quote Moscow Micex - RTS  -  2022-07-07
16720.00 RUB   +1.03%
08/12MINING AND METALLURGICAL NORILSK NICKEL : Statement of material fact or other events (actions) which, in the Issuer's opinion, have material effect on the price or valuation of its securities
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08/12MINING AND METALLURGICAL NORILSK NICKEL : Calling and holding a general meeting of holders (shareholders) of the Issuer, announcing a general meeting of holders (shareholders) of the Issuer unsuccessful, resolution adopted by the general meeting of holders (shareholders) of the Issuer or sole sta
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08/11Nornickel's shareholders approved reduction of the authorized capital of the company
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Russian rouble falls to 2-week low, Rusal shares leap on merger talk

07/05/2022 | 05:17am EDT
A person holds the newly designed Russian 100-rouble banknote during a presentation in Moscow

MOSCOW (Reuters) - The rouble fell against the dollar to the lowest in two weeks on Tuesday, while shares in aluminium producer Rusal leapt as Russian businessman Vladimir Potanin hinted at a possible merger with mining giant Nornickel.

At 0759 GMT, the rouble was 2.6% weaker against the dollar at 56.68, its weakest point since June 20. The unit had lost 1.4% to trade at 58.58 versus the euro.

The rouble's recent slump from more than seven-year highs hit last Wednesday is just a correction on the market, said Alor Broker in a note.

"It is too early to talk about a break in the rouble's strengthening trend," Alor Broker analysts wrote. "Russia's balance of payments will continue to remain very strong, importers will not recover their positions quickly.

"Only by introducing a new budget rule can the situation on Moscow Exchange's currency market change radically."

The rouble is still the world's best-performing currency https://emea1.apps.cp.thomsonreuters.com/Apps/NewsServices/mediaProxy?apiKey=6d416f26-7b24-4f31-beb6-1b5aa0f3fafb&url=http%3A%2F%2Ffingfx.thomsonreuters.com%2Fgfx%2Frngs%2FGLOBAL-CURRENCIES-PERFORMANCE%2F0100301V041%2Findex.html this year, boosted by measures - including restrictions on Russian households withdrawing foreign currency savings - taken to shield Russia's financial system from Western sanctions imposed after Moscow sent troops into Ukraine on Feb. 24 in what it calls a "special military operation".

Proceeds from commodity exports and a sharp drop in imports are further factors behind the currency's gains. But the rouble has now lost the support of last week's tax-driven dollar and euro sales.

Expectations of the imminent launch of currency interventions, which Finance Minister Anton Siluanov said Russia could turn to as it tries keep a lid on the rouble's strengthening, may continue to pull support from the rouble on Tuesday, said Promsvyazbank analysts.

Potanin, the largest shareholder at Nornickel, is ready to discuss a possible merger of the mining giant with Rusal amid Western sanctions, he said in an interview with RBC TV.

Rusal's Moscow-listed shares leapt more than 20% before settling around 10% higher. Shares in En+, Rusal's majority shareholder, were 10.5% higher in Moscow. Nornickel shares fell 2.1%.

Russian stock indexes were lower.

The dollar-denominated RTS index was down 2% to 1,224.0 points. The rouble-based MOEX Russian index was 0.1% lower at 2,202.0 points.

(Reporting by Reuters)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALROSA 2.28% 66.84 End-of-day quote.-45.57%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.87% 0.694 Delayed Quote.7.75%
BRITISH POUND / EURO (GBP/EUR) 0.08% 1.182 Delayed Quote.-0.72%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.213 Delayed Quote.-9.87%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.01% 0.763359 Delayed Quote.9.03%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.09% 0.7823 Delayed Quote.-1.00%
EURO / US DOLLAR (EUR/USD) -0.60% 1.0258 Delayed Quote.-9.78%
INDIAN RUPEE / EURO (INR/EUR) 0.57% 0.012238 Delayed Quote.3.20%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.05% 0.01256 Delayed Quote.-6.43%
MINING AND METALLURGICAL COMPANY NORILSK NICKEL 1.03% 16720 End-of-day quote.-26.76%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.02% 0.6453 Delayed Quote.-5.90%
RTS INDEX 0.00%End-of-day quote.-41.03%
S&P GSCI ALUMINUM INDEX -3.42% 155.5187 Real-time Quote.-12.80%
SBERBANK 0.16% 133.3 End-of-day quote.-54.60%
US DOLLAR / EURO (USD/EUR) 0.61% 0.974849 Delayed Quote.10.17%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.32% 61.55 Delayed Quote.-19.11%
All news about MINING AND METALLURGICAL COMPANY NORILSK NICKEL
08/12MINING AND METALLURGICAL NORILSK NIC : Statement of material fact or other events (actions..
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08/12MINING AND METALLURGICAL NORILSK NIC : Calling and holding a general meeting of holders (s..
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08/11Nornickel's shareholders approved reduction of the authorized capital of the company
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08/11MINING AND METALLURGICAL NORILSK NIC : The Meeting of the Board of Directors of the Issuer..
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08/10MINING AND METALLURGICAL NORILSK NIC : Noteholders' consent solicitation launch
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08/10MMC NORILSK NICKEL : Noteholders' consent solicitation launch
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08/10PJSC MMC Norilsk Nickel Provides Separate Notices to Solicit Consents from the Holders ..
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08/04PUBLIC JOINT STOCK MINING AND METALL : Statement of material fact or other events (actions..
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08/02Russian Miner Nornickel's H1 Profit Climbs Amid Higher Base Metal Prices
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08/02PUBLIC JOINT STOCK MINING AND METALL : 1H2022 Financial Results
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Analyst Recommendations on MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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Financials (USD)
Sales 2022 18 779 M - -
Net income 2022 8 080 M - -
Net Debt 2022 7 085 M - -
P/E ratio 2022 -
Yield 2022 10,0%
Capitalization 40 553 M 41 665 M -
EV / Sales 2022 2,54x
EV / Sales 2023 2,75x
Nbr of Employees -
Free-Float 35,1%
Chart MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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Mining and Metallurgical Company Norilsk Nickel Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 265,29 $
Average target price 345,86 $
Spread / Average Target 30,4%
Managers and Directors
Vladimir Olegovich Potanin President & Chairman-Management Board
Sergey Gennadyevich Malyshev Chief Financial Officer & Senior Vice President
Andrey Bougrov Senior Vice President-Sustainable Development
Sergey Stanislavovich Stepanov Operational Director & Senior Vice President
Evgeny Arkadievich Shvarts Independent Director