March 24, 2015 / 2:28 PM / 2 years ago

BUZZ-Century Aluminum, Ivanhoe Mines: Morgan Stanley sees headwinds for metals sector

** Morgan Stanley sees “headwinds ahead for the metal sector due to weak demand (particularly China), improving supply, a strong dollar, and a declining cost support level”

** Brokerage downgrades Century Aluminum Co to “underweight” from “equal weight”, Ivanhoe Mines to “equal weight” from “overweight”

** Century Aluminum falls 7 pct to $13.26 and Ivanhoe Mines down 1.8 pct at C$1.07

** Analyst Paretosh Misra sees a “high likelihood of a dividend cut” from copper miners such as Freeport-McMoRan and Teck Resources as they burn cash in 2015

** Freeport-McMoRan slashed its dividend on Tuesday; Freeport down 1.8 pct and Teck down 2.6 pct

** MS cuts price targets on Century Aluminum, Alcoa, Noranda Aluminum, Freeport-McMoRan and Ivanhoe

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below