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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Moderna, Inc.    MRNA

MODERNA, INC.

(MRNA)
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Copper hits 2-1/2 year high on upbeat China data

11/16/2020 | 07:29am EST

LONDON, Nov 16 (Reuters) - Copper powered to a 29-month peak on Monday after higher than expected factory output in China reinforced views of solid demand from the world's top consumer of industrial metals.

Three-month copper on the London Metal Exchange (LME) was up 1.8% at $7,106 a tonne at 1730 GMT, having touched its highest since June 2018 at $7,179.

Helped by resilient exports, China's industrial sector has rebounded from the initial hit it took from the coronavirus outbreak, creating robust demand for metals such as copper.

"The strong macro China data is giving copper another ride higher and reinforces the view that China's demand recovery is holding its shape," said ING analyst Wenyu Yao.

Prices have also been supported by progress with COVID-19 vaccines after Moderna Inc said its experimental vaccine was 94.5% effective, a week after Pfizer Inc reported that its drug was more than 90% effective.

The Dow index of U.S. shares hit a record high.

ALUMINIUM: Benchmark LME aluminium was up 0.9% at $1,950 a tonne after hitting its highest since December 2018. Shanghai aluminium climbed to a three-year peak at 15,585 yuan a tonne.

"Consumption in China is holding firm and outweighing the concerns of rising supply," ING's Yao said.

CHINA OUTPUT: China's monthly aluminium output in October rose 9.7% from a year earlier to a record high, official data showed on Monday, as new smelting capacity ramped up to cash in on strong prices.

STRIKES: Copper supply concerns eased after Chile's Spence mine, owned by BHP Group, on Saturday said that it had struck an early deal with its union of supervisors on a contract that will run until November 2023.

However, workers at the Candelaria copper mine in Chile, operated by Lundin Mining Corp, are divided over whether to accept a contract sweetener or continue a strike.

PRICES: LME tin was up 2.2% at $18,795 a tonne after touching its highest since July 2019 at $18,850. Zinc, meanwhile, gained 1.7% to $2,674, lead rose 1.1% to $1,914 and nickel was up 0.1% at $15,900. (Reporting by Zandi Shabalala Editing by David Evans and David Goodman )


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -1.89% 46.13 End-of-day quote.8.72%
LUNDIN MINING CORPORATION 0.49% 12.32 Delayed Quote.9.03%
MODERNA, INC. -1.47% 131.02 Delayed Quote.25.41%
PFIZER INC. 0.19% 36.55 Delayed Quote.-0.71%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.4845 Delayed Quote.-0.49%
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Financials (USD)
Sales 2020 512 M - -
Net income 2020 -571 M - -
Net cash 2020 2 597 M - -
P/E ratio 2020 -107x
Yield 2020 -
Capitalization 51 846 M 51 846 M -
EV / Sales 2020 96,2x
EV / Sales 2021 4,40x
Nbr of Employees 1 100
Free-Float 90,0%
Chart MODERNA, INC.
Duration : Period :
Moderna, Inc. Technical Analysis Chart | MRNA | US60770K1079 | MarketScreener
Technical analysis trends MODERNA, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 137,27 $
Last Close Price 131,02 $
Spread / Highest target 41,2%
Spread / Average Target 4,77%
Spread / Lowest Target -47,3%
EPS Revisions
Managers and Directors
NameTitle
Stéphane Bancel Chief Executive Officer & Director
Stephen Hoge President
Noubar B. Afeyan Chairman
David W. Meline Chief Financial Officer
Juan Andres Chief Technical Operations & Quality Officer
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