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MINING AND METALLURGICAL COMPANY NORILSK NICKEL

(MNOD)
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Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel Reports Consolidated Production Results for the Second Quarter and Six Months of 2021

07/20/2021 | 06:00am EDT

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel reported consolidated production results for the second quarter and six months of 2021. For the quarter, the company reported nickel output decreased 30% quarter-on-quarter (q-o-q) to 33 kt, most of which were produced from the Company's own Russian feed (31 kt, down 31% q-o-q). copper production decreased 11% q-o-q to 81 kt. palladium and platinum output decreased 28% q-o-q to 548 koz and 27% q-o-q to 134 koz, respectively. All PGMs were produced from the Company's own Russian feed. For the six months, the company reported total nickel output decreased 26% year-on-year (y-o-y) to 79 kt (of which 77 kt were produced from own Russian feed, down 28% y-o-y). In 1H2021, total copper output decreased 28% y-o-y to 173 kt. In 1H2021, palladium and platinum output amounted to 1,314 koz (up 3% y-o-y) and 318 koz (down 1% y-o-y), respectively. The increase of palladium and slight decrease of platinum output in the first half, despite a significant loss of production in the second quarter, was explained by the high base effect of the first quarter, when a new line for production of precious metals from chlorine leaching residues at Kola MMC was ramped up to its design capacity and, as a result, the work-in-progress in transit inventory reduced.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 17 805 M - -
Net income 2021 7 660 M - -
Net Debt 2021 7 298 M - -
P/E ratio 2021 6,18x
Yield 2021 11,2%
Capitalization 49 084 M 49 084 M -
EV / Sales 2021 3,17x
EV / Sales 2022 3,09x
Nbr of Employees -
Free-Float 39,3%
Chart MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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Mining and Metallurgical Company Norilsk Nickel Technical Analysis Chart | MNOD | US55315J1025 | MarketScreener
Technical analysis trends MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 32,11 $
Average target price 37,84 $
Spread / Average Target 17,8%
EPS Revisions
Managers and Directors
Vladimir Olegovich Potanin President & Chairman-Management Board
Sergey Gennadyevich Malyshev Chief Financial Officer & Senior Vice President
Gareth Peter Herbert Penny Independent Non-Executive Chairman
Sergey Stanislavovich Stepanov Operational Director & Senior Vice President
Sergey Borisovich Bratukhin Independent Director
Sector and Competitors