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

By Vittorio Hernandez,

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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.

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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
Referenced Stocks: BHP , CBA , RIO

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