Financial Results, Accolades, Upcoming Investors Conferences, and Forward Sale Contracts - Analyst Notes on Nucor, AK Steel, SunCoke Energy, Pan American Silver and First Majestic Silver
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Nucor Corporation (NYSE: NUE), AK Steel Holding Corporation (NYSE: AKS), SunCoke Energy Inc. (NYSE: SXC), Pan American Silver Corp. (NASDAQ: PAAS) and First Majestic Silver Corp. (NYSE: AG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1747-100free.
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Nucor Corporation Analyst Notes
On April 24, 2014, Nucor Corporation (Nucor) reported its financial results for Q1 FY 2014 (period ended April 5, 2014). Net Sales stood at $5.11 billion as compared to $4.55billion in Q1 FY 2013, representing an increase of 12.3% YoY. Total tons shipped to outside customers were 6.2 million, up 8% YoY. Net earnings came in at $111.0 million, or $0.35 per diluted share, versus $84.8 million, or $0.26 per diluted share in FY Q1 2013. The full analyst notes on Nucor are available to download free of charge at:
http://www.analystsreview.com/1747-NUE-29Apr2014.pdf
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AK Steel Holding Corporation Analyst Notes
On April 23, 2014, AK Steel Holding Corporation (AK Steel) announced that its production facility Coshocton (Ohio) Works was awarded for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. According to the Company, the recognition is part of a collaborative safety awareness program started by the Coshocton County Safety Council and Chamber of Commerce. James L. Wainscott, Chairman, President and CEO of AK Steel, commented, "It is an honor to be recognized by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene, an achievement that speaks volumes about our culture of safety at AK Steel." The full analyst notes on AK Steel are available to download free of charge at:
http://www.analystsreview.com/1747-AKS-29Apr2014.pdf
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SunCoke Energy Inc. Analyst Notes
On April 23, 2014, SunCoke Energy Inc. (SunCoke Energy) announced its financial results for Q1 2014. Total revenue stood at $359.6 million down 20.8% YoY. The Company reported net loss of $7.8 million, or $0.11 per diluted share, versus net income of $2.1 million, or $0.03 per diluted share in Q1 2013. Adjusted EBITDA however declined by 35.8% YoY to $33.6 million. Fritz Henderson, Chairman and CEO of SunCoke Energy, commented, "At $33.6 million, our first quarter Adjusted EBITDA was weak primarily due to severe weather." Henderson added, "While overall cokemaking operations have recovered with the return of more moderate weather, we anticipate regaining only a portion of first quarter's lost production. Accordingly, we are lowering our full year 2014 Adjusted EBITDA outlook to $220 million to $240 million." For full-year 2014, the Company expects diluted EPS to be in the range of $0.08 to $0.33. The full analyst notes on SunCoke Energy are available to download free of charge at:
http://www.analystsreview.com/1747-SXC-29Apr2014.pdf
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Pan American Silver Corp. Analyst Notes
On April 17, 2014, Pan American Silver Corp. (Pan American Silver) declared that it plans to announce its Q1 2014 results on Thursday, May 8, 2014, after the market closing. The Company informed that a conference call and live audio webcast with a presentation to review the results will follow on Friday, May 9, 2014 at 10:00 a.m. ET (7:00 a.m. PT). The full analyst notes on Pan American Silver are available to download free of charge at:
http://www.analystsreview.com/1747-PAAS-29Apr2014.pdf
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First Majestic Silver Corp. Analyst Notes
On April 15, 2014, First Majestic Silver Corp. (First Majestic Silver) reported that it has entered into a $30 million forward sale contract with Bank of America Merrill Lynch (BAML) for a part of the Company's future lead production. First Majestic Silver said that it executed this forward sale contract for 15,911.3 metric tonnes (MT) of lead at a fixed price of $0.945 per pound ($2,083/MT). The contract term is valid from April 2014 to September 2017, with a six-month repayment holiday from April to September 2014.Keith Neumeyer, President and CEO of First Majestic, said, " We decided to exclude any future zinc production from this agreement as ongoing global supply issues could put upward pressure on the price of zinc in the coming years. Furthermore, we remain committed to offering investors full leverage on our future silver production as we have no intentions of ever hedging silver." The full analyst notes on First Majestic Silver are available to download free of charge at:
http://www.analystsreview.com/1747-AG-29Apr2014.pdf
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