Sobering 12 Months for Top 10 Global Mining Companies
While the stock prices of the world’s top mining co’s are well below their 52 week highs it does still leave them in a strong position with respect to M&A opportunities.
by Lawrence Williams
Mine Web
LONDON (Mineweb) – While few mining company stocks have ever got back to their peaks prior to the mega-crash of Q3 2008, there had been a decent recovery, but as the global recession has bitten and commodity prices have, for the most part, been hit hard, the biggest global mining companies have seen their stock prices, and market capitalisations fall. While most are now off their recent low points, they have still suffered badly being on average around 30% below their 52 week highs. Even so, the overall market situation, coupled with their strong balance sheets and cash generation abilities, does give them some great opportunities to build at the expense of those further down in the pecking order.
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2012-08-08 14:41:44
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