Latest news for Yancoal Australia (OTC:YACAF) Stock

Yancoal Australia Ltd is involved in identifying, developing, and operating coal-related projects in Australia. It has a diversified product mix of metallurgical and thermal coal mines in New South Wales and Queensland. The company generates maximum revenue from the New South Wales segment. It operates coal mines in the Hunter Valley, Moolarben, Mount Thorley Warkworth, Ashton and Stratford Duralie, Yarrabee and Middlemoun. The company's geographical markets include Japan, Singapore, China, South Korea, Taiwan, Thailand, and other countries.

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 Anglo American to sell 33.3% stake in Jellinbah Group to Zashvin for $1.1 billion and focus on copper, iron ore, and crop nutrients.Anglo American sells Jellinbah stake, focuses on copper, iron ore, and crop nutrients. Will net $5-6b from divesting remaining coal assets.

Anglo American Offloads $1.1 Billion Coal Stake, Proceeds With Restructuring

YANCOAL AUSTRALIA LTD by Yancoal Australia Ltd

Yancoal Australia Ltd

Morgan Stanley analyst Ricky Goldwasser upgrades Doximity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) from Underweight to Equal-Weight and raises the price target from $33 to $53.

Upgrades

Price Target

Analyst Ratings

DOCS

Morgan Stanley Upgrades Doximity to Equal-Weight, Raises Price Target to $53

Gogoro Forecasts FY24 Gross Margin To Be Materially Negatively Impacted In The Short-term As Result Of Ongoing And Accelerated Battery Upgrade Initiatives

BGNE

BeiGene Intends To Change Name To BeOne Medicines Ltd.; Stock Ticker On Nasdaq To Change To 'ONC'

On Wednesday, November 13th, U.S. markets ended mixed. The Dow and S&amp;P 500 edged higher while the Nasdaq dipped. October CPI data met expectations, supporting bets on a December Fed rate cut. Core CPI rose 0.3%. Consumer discretionary stocks gained, driven by optimism over potential rate cuts.
According to economic data, the annual U.S. inflation rate increased to 2.6% in October, up from 2.4% in September, matching market expectations. The consumer price index (CPI) climbed 0.2% on a monthly basis in October.
Consumer discretionary, energy and real estate led S&amp;P 500 gains Wednesday, while tech and communication services stocks declined.
The Dow Jones Industrial Average was up 0.11% and closed at 43,958.19, the S&amp;P 500 rose 0.02% to 5,985.38, and the Nasdaq Composite declined 0.26% to finish at 19,230.72.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 declined 0.61% and ended the session at 38,504.00, led by losses in the Precision Instruments, Automobiles &amp; Parts, and Power sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.37% and ended the day at 8,224.00, led by gains in the IT, Financials and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.02% at 23,555.50, and Nifty 500 was up 0.30% at 21,981.65, led by losses in the Fast Moving Consumer Goods, Healthcare, and Public Sector Undertakings sectors.</li>
<li>China&#8217;s Shanghai Composite declined 1.73% to close at 3,379.84, and the Shenzhen CSI 300 fell 1.73%, finishing the day at 4,039.62.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 1.96% and closed the session at 19,435.81.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.27%.</li>
<li>Germany&#8217;s DAX gained 1.27%.</li>
<li>France&#8217;s CAC rose 0.86%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.20%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.18% at $68.55/bbl, and Brent was up 0.19% at $72.44/bbl.</li>
<li>Oil prices steadied as a strong U.S. dollar and rising U.S. Treasury yields pressured the market.</li>
<li>Natural Gas declined 1.24% to $2.946.</li>
<li>Gold was trading lower by 1.43% at $2,549.60, Silver declined 2.42% to $29.922, and Copper slipped 1.83% to $4.0088.</li>
<li>Gold fell to a two-month low as a stronger dollar and sticky U.S. inflation data weighed on prices. Copper hit a three-month low on weak Chinese stimulus and tariff concerns.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures increased 0.13%, S&amp;P 500 futures up 0.10% and Nasdaq 100 futures rose 0.08%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index gained 0.52% to 107.03, the USD/JPY rose 0.45% to 156.16, and the USD/AUD rose 0.40% to 1.5481.</li>
<li>The U.S. dollar reached a one-year high, driven by inflation data and Trump&#8217;s election win. Yen neared intervention levels as USD/JPY surged.</li>
</ul>
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PowerShares DBmmodity Index Optimum Yield Diversified Fund

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CurrencyShares British Pound Sterling Trust

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KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

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PowerShares DB US Dollar Index Bullish Fund

Dollar Hits One-Year High; China Falls, Gold Hits Two-Month Low - Global Markets Today While US Slept

Mizuho Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.11 by 36.36 percent. The company reported $14.809 billion in sales this quarter. This is a 10.31 percent decrease over sales of $16.511 billion the same period last year.

Earnings

Earnings Beats

Mizuho Financial Gr Q2 2024 GAAP EPS $0.15 Beats $0.11 Estimate, Sales $14.809B Down From $16.511B YoY

TD Cowen analyst Floris Van Dijkum downgrades Kronos Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRON#NASDAQ">KRON</a>) from Buy to Hold.

Downgrades

KRON

TD Cowen Downgrades Kronos Bio to Hold

In the third quarter of 2024, the Company made difficult, but essential, decisions to align with its renewed focus. Notably, SINTX made the decision to cease operations of its armor division and recorded a one-time $4.5 million impairment charge.&nbsp;
This move aligns with SINTX's emphasis on reallocating resources towards the medical device market, where the Company sees the greatest potential for impactful, sustainable growth.&nbsp;
Additionally, a reduction in workforce during Q3 positions the company for a leaner, more efficient structure, supporting ongoing cost optimization efforts.

SINT

SINTX Technologies Continues To Restructure Its Operations; Says Made The Decision In Q3 To Cease Operations Of Its Armor Division And Reduce Workforce

Gogoro Lowers FY24 Outlook: Sees Revenues Of $305M-$315M Vs. $328.878M Estimate (Prior View: $320M-$345M)

OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) reported quarterly losses of $(0.11) per share. This is a 67.34 percent increase over losses of $(0.35) per share from the same period last year. The company reported $58.23 million in sales this quarter. This is a 99.95 percent decrease over sales of $116.60 billion the same period last year.

OCFT

OneConnect Financial Tech Q3 EPADS $(0.11) Up From $(0.35) YoY, Sales $58.23M Down From $116.60B YoY

Guidance

EWCZ

European Wax Center Reaffirms FY24 Revenue Guidance Of $216M-$221M Vs $218.4M Est.

McDonald's USA Lopez Foods, and Syngenta North America today announced a collaboration that aims to increase feed efficiency and help reduce the amount of greenhouse gas emissions released per pound of meat produced, as part of efforts to improve the sustainability of beef production.

McDonald's USA, Syngenta, Lopez Foods Collaborate to Help Produce Beef More Sustainably in the US

NXPL

NextPlat Q3 EPS $(0.22) Down From $0.17 YoY, Sales $15.4M Up From $15.3M YoY

Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) reported quarterly losses of $(0.06) per share. This is a 500 percent decrease over losses of $(0.01) per share from the same period last year. The company reported $86.86 million in sales this quarter. This is a 5.33 percent decrease over sales of $91.75 million the same period last year.

Gogoro Q3 EPS $(0.06) Down From $(0.01) YoY, Sales $86.86M Down From $91.75M YoY

Compass Point analyst Floris Van Dijkum upgrades BXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) from Neutral to Buy and raises the price target from $80 to $88.

Compass Point Upgrades BXP to Buy, Raises Price Target to $88

European Wax Center (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) reported quarterly sales of $55.430 million which beat the analyst consensus estimate of $54.162 million by 2.34 percent. This is a 0.52 percent decrease over sales of $55.717 million the same period last year.

European Wax Center Q3 Sales $55.430M Beat $54.162M Estimate

Cantor Fitzgerald analyst Andres Sheppard downgrades Innoviz Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVZ#NASDAQ">INVZ</a>) from Overweight to Neutral.

INVZ

Cantor Fitzgerald Downgrades Innoviz Technologies to Neutral

BTIG analyst Gregory Lewis downgrades Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) from Buy to Neutral.

PLUG

BTIG Downgrades Plug Power to Neutral

Alliance Global Partners analyst Brian Kinstlinger downgrades Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) from Buy to Neutral.

BOXL

Alliance Global Partners Downgrades Boxlight to Neutral

<ul>
<li>The strategic investment from Enpower is based on its recently announced long-term strategic partnership and technology development cooperation with EHang, aimed at co-developing high-performance electric motor drive systems for EHang's suite of electric vertical take-off and landing ("eVTOL") aircraft.</li>
<li>Additionally, the strategic investment from the United Arab Emirates ("UAE")-based investor reflects their optimism in China's emerging low-altitude economy industry and EHang's growth potential as a global eVTOL leader. The UAE represents one of EHang's largest international markets with an intentional order book of 100 units with five units delivered. This investor will utilize their extensive financial and business network to assist in EHang's international expansion in other countries in the Middle East as well as in Southeast Asia.</li>
<li>This strategic investment brings EHang's total year-to-date financing to nearly US$100 million, enhancing the Company's financial position as it embarks on its next phase of development and growth in the global UAM industry. The financing proceeds will bolster EHang's efforts to advance the Company's next-generation eVTOL technologies and products, scale production capacity, expand its team, establish new headquarters and operation sites, and support general corporate activities.</li>
<li>Mr. Conor Yang, Chief Financial Officer of EHang, commented, "We are pleased to announce the strategic investment, which is a testament to the investors' confidence in EHang's vision, strength and industry leadership. With this investment, we are well-positioned to capitalize on the vast opportunities in the UAM market and accelerate our development pace. Additionally, the strategic investors' support in the upstream industry chain and in downstream international market development will help us to strengthen our competitive edge. We will continue to push the boundaries of innovation, safety, and sustainability, and work towards making UAM a reality for people around the world."</li>
</ul>

Financing

General

EHang Announced A Strategic Investment Of Over $22M, The Investors Are Zhuhai Enpower Electric And An Institutional Investor From The Middle East

HC Wainwright &amp; Co. analyst Vernon Bernardino reiterates Dyadic International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYAI#NASDAQ">DYAI</a>) with a Buy and maintains $6 price target.

Reiteration

DYAI

HC Wainwright & Co. Reiterates Buy on Dyadic International, Maintains $6 Price Target

Yancoal Australia Ltd. (AU:YAL) has released an update. Yancoal Australia Ltd has announced the resignation of director Yaomeng Xiao, effective Sep...

Yancoal Australia Announces Director Resignation

Yancoal Australia Ltd. (AU:YAL) has released an update. Yancoal Australia Ltd has submitted a new monthly return notice for September 2024 to the H...

Yancoal Australia Submits Monthly Compliance Update

Yancoal Australia Ltd. (AU:YAL) has released an update. Yancoal Australia Ltd has announced that their 3Q 2024 Quarterly Report will be released on...

Yancoal Schedules 3Q 2024 Report and Investor Webcast

Yancoal Australia: Interim Dividend Omission Is A Positive Growth Signal (Rating Upgrade)

Yancoal Australia Ltd. (AU:YAL) has released an update. Yancoal Australia Ltd. reported a robust financial performance in the third quarter of 2024...

Yancoal Australia Reports Strong Q3 Financial Performance

Yancoal Australia Ltd (YACAF) Q3 2024 Trading Update Conference Call (Transcript)

There's a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on BKV Corporation (BKV – Research Report) and Yancoal Aust...

Analysts Are Bullish on Top Energy Stocks: BKV Corporation (BKV), Yancoal Australia Ltd. (YACAF)

Yancoal Australia Ltd. (AU:YAL) has released an update. Yancoal Australia Ltd has submitted its monthly return notice to the Hong Kong Exchanges fo...

Yancoal Australia Maintains Compliance with October Submission

Yancoal Australia Ltd. (AU:YAL) has released an update. Yancoal Australia Ltd has entered a new coal sales framework agreement with POSCO, setting ...

Yancoal Australia Ltd Updates on Coal Agreements

Anglo American coal bidders down to Peabody Energy, two others - Reuters

NGLOY

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Yancoal Australia

Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid" rel="noreferrer noopener">earlier this year</a>, the company is focusing on <a target="_blank" href="https://www.benzinga.com/topic/copper" rel="noreferrer noopener">copper</a>, iron ore, and crop nutrients.



The joint venture holds a 70% interest in two major metallurgical coal mines in Queensland: Jellinbah East and Lake Vermont. Anglo did not operate these mines nor market their output.



"We are making excellent progress with our simplification of Anglo American to create an exciting and differentiated investment proposition focused on our world-class copper, premium iron ore, and crop nutrients assets &#8211; all future-enabling products," <a target="_blank" href="https://www.angloamerican.com/media/press-releases/2024/04-11-2024" rel="noreferrer noopener">said</a> CEO Duncan Wanblad.



Despite its unpopular status due to environmental concerns, coal remains an important commodity. A recent <a target="_blank" href="https://www.benzinga.com/news/24/11/41710410/australian-breakthrough-extends-use-for-coal-powered-plants-helps-shift-to-renewables" rel="noreferrer noopener">Australian achievement</a> in shutting down and restarting a power plant shows that its decline could be much more gradual than anticipated.



Still, Anglo American is set on divesting its remaining coal assets, aiming to net between $5b and $6b. Talks are underway with potential buyers, including Peabody (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>), Yancoal (OTCPK: YACAF), and Glencore (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLNCY#OTC">GLNCY</a>) &#8211; which has decided against <a target="_blank" href="https://www.benzinga.com/m-a/24/08/40216672/glencore-votes-against-spinning-off-coal-remains-open-to-more-acquisitions" rel="noreferrer noopener">spinning off its coal business</a>.



"This highly cash generative and much higher margin portfolio will offer greater resilience through cycles and the benefit of significant high-quality and well-sequenced growth options," Wanblad noted regarding the process.



Anglo American's broader restructuring efforts were announced earlier this year amidst an attempted takeover by BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>). Besides coal, the plan involved shedding even South African De Beers, the world's largest diamond producer.



However, challenges in the diamond market have made a sale less feasible, with Anglo preferring to wait for market recovery to optimize value from its "crown jewel." A complicated situation with South African assets is often quoted as one of the biggest hurdles in BHP's <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">failed bid</a>.



Although a recent comment from BHP's chairman signaled that both parties have moved on, the miner quickly retraced that comment. The mandatory standstill on offers expires on November 29, with Anglo's market cap currently at approximately $42 billion—$47 billion below BHP's final $49b bid in May.



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