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PUBLIC JOINT STOCK COMPANY MINING AND METALLURGICAL COMPANY NORILSK NICKEL

(GMKN)
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Mining and Metallurgical Norilsk Nickel : Nornickel fund launches first Blockchain-tracked nickel and copper ETCs on LSE

06/17/2021 | 04:06am EDT
FILE PHOTO: FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange

MOSCOW (Reuters) - A fund of Russia's Norilsk Nickel has launched Blockchain-tracked securities known as Exchange Traded Commodities (ETCs) which offer investors exposure to the spot prices of nickel and copper without owning them, it said.

Nornickel, the world's largest producer of refined nickel and a major producer of copper, hopes to attract more European-based investors in these base metals through ETCs launched on the London Stock Exchange (LSE).

The ETCs will use Blockchain technology for transparency and security of the metals backing them. The metals will be stored in warehouses in Rotterdam, Nornickel said in a statement on Thursday.

The total expense ratio for copper and nickel ETCs is estimate at 0.85% and 0.75%, respectively, it added.

Its Global Palladium Fund launched similar ETCs for gold, silver, platinum and palladium in January.

(Reporting by Polina Devitt; editing by Elaine Hardcastle)


© Reuters 2021
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Financials (USD)
Sales 2021 17 460 M - -
Net income 2021 7 397 M - -
Net Debt 2021 7 361 M - -
P/E ratio 2021 7,36x
Yield 2021 9,90%
Capitalization 54 690 M 54 690 M -
EV / Sales 2021 3,55x
EV / Sales 2022 3,47x
Nbr of Employees -
Free-Float 38,0%
Chart PUBLIC JOINT STOCK COMPANY MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel Technical Analysis Chart | GMKN | RU0007288411 | MarketScreener
Technical analysis trends PUBLIC JOINT STOCK COMPANY MINING AND METALLURGICAL COMPANY NORILSK NICKEL
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 34,56 $
Average target price 37,45 $
Spread / Average Target 8,35%
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