Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY

(486)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

United RUSAL International Public Joint Stock : Rouble slips past 73 vs dollar; Rusal shares drop in jittery trade

09/06/2021 | 06:20am EDT

MOSCOW, Sept 6 (Reuters) - The Russian rouble weakened past 73 to the dollar on Monday, heading away from the previous session's two-month peak in thin trade with U.S. markets closed for a public holiday, while shares in aluminium giant Rusal fell in jittery trade.

The market weighed expectations of another increase in Russian interest rates and a decline in oil prices.

At 1529 GMT the rouble was 0.4% weaker against the dollar at 73.04 after reaching its strongest since late June at 72.55 on Friday.

Against the euro, the rouble eased 0.3% to 86.64.

The rouble could gain support from Russia's central bank if it raises rates on Friday for the fifth time this year in an effort to rein in consumer inflation.

A Reuters poll suggested the bank would raise by 50 basis points to 7%, but many analysts predicted a smaller 25-basis-point hike.

Higher rates increase the appeal of rouble-denominated instruments, while expectations that the rate-raising cycle could be close to an end could lead to higher demand for Russian bonds.

In the near-term, the target range for the rouble is 72.5 to 73.1 versus the dollar, Sberbank Asset Management said in a note.

Russia's decision to trim foreign exchange purchases for state reserves in September could provide some support for the rouble, said Alor Broker analyst Alexey Antonov.

Brent crude oil, a global benchmark for Russia's main export, was down 0.6% at $72.15 a barrel, extending losses after Saudi Arabia, the world's top oil exporter, cut crude contract prices for Asia over the weekend.

The dollar-denominated RTS index was up 0.05% at 1,735.1 while the rouble-based MOEX Russian index gained 0.5% to 4,023.13 after hitting an all-time high of 4,026.03

Rusal shares fell 2% following sharp gains after a coup in major bauxite supplier Guinea sent aluminium prices to their highest in more than 10 years.

Rusal, which is the world's third-largest aluminium producer, said it aimed to keep its three major bauxite mines and one alumina refinery in Guinea operating after the military coup. Guinea's bauxite industry - with its mines - accounts for 42% of Rusal's total bauxite capacity.

(Reporting by Andrey Ostroukh and Anna Rzhevkina; Editing by Sherry Jacob-Phillips, David Goodman and Dan Grebler)


© Reuters 2021
All news about UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY
09/21UNITED RUSAL INTERNATIONAL PUBLIC JO : Russia's Rusal To Supply Budweiser With Ultra-Low C..
MT
09/21Copper prices hover near 1-month low on Evergrande debt crisis
RE
09/20UNITED RUSAL INTERNATIONAL PUBLIC JO : Bauxite trains operated by Russia's Rusal collide i..
RE
09/13China's latest tech crackdown weighs on stocks
RE
09/10Russia's Rusal repays part of debt as shareholders keep it dividend free
RE
09/07UNITED RUSAL INTERNATIONAL PUBLIC JO : Rusal Grants $3 Million Service Contracts to En+ Gr..
MT
09/06Guinea bauxite prices rise after coup, mines report no immediate impact
RE
09/06Shares lifted by prospect of rates staying low for longer
RE
09/06FACTBOX-Guinea's top minerals at risk after coup
RE
09/06Guinea turmoil pushes aluminium to 10-year high
RE
More news
Analyst Recommendations on UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY
More recommendations
Financials (USD)
Sales 2021 11 729 M - -
Net income 2021 3 969 M - -
Net Debt 2021 3 322 M - -
P/E ratio 2021 32,8x
Yield 2021 0,07%
Capitalization 131 B 16 904 M -
EV / Sales 2021 11,5x
EV / Sales 2022 9,96x
Nbr of Employees 56 939
Free-Float 17,5%
Chart UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY
Duration : Period :
United Company RUSAL, International Public Joint-Stock Company Technical Analysis Chart | 486 | RU000A1025V3 | MarketScreener
Technical analysis trends UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 8,65 $
Average target price 1,06 $
Spread / Average Target -87,7%
EPS Revisions
Managers and Directors
Evgeny Viktorovich Nikitin Chief Executive Officer & Executive Director
Alexander Popov Chief Financial Officer
Bernard Zonneveld Chairman
Victor Mann Technical Director
Randolph N. Reynolds Independent Non-Executive Director