Analysts Forecast 12-52% Boost in Earnings for Miners if Iron Ore Price of $150 a Tonne Will Be Sustained Till June


Shutterstock photo

With the economic recovery of China on the horizon, analysts are forecasting higher earnings for Australian miners if iron ore's current price of $150 per tonne would be sustained for the next few months.

The Commonwealth Bank of Australia ( CBA ) foresees that Fortescue (ASX: FMG) would boost its earnings by 30 per cent, Rio Tinto ( RIO ) by 12 per cent and BHP Billiton ( BHP ) by 7 per cent if iron ore prices would not change from its current level until the end of the first quarter.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Commodities
More Headlines for: BHP , CBA , RIO

More from International Business Times


International Business Times

International Business Times

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by