Sims Metal Management traded at 27.50 this Friday June 5th, decreasing 0.39 or 1.40 percent since the previous trading session. Looking back, over the last four weeks, Sims Metal Management lost 28.56 percent. Over the last 12 months, its price rose by 76.62 percent. Looking ahead, we forecast Sims Metal Management to be priced at 26.30 by the end of this quarter and at 24.80 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sims Limited is a metals and electronics recycler. The Company is engaged in the buying, processing and selling of ferrous and non-ferrous recycled metals and the provision of solutions for the disposal of post-consumer electronic products, including information technology (IT) assets recycled for commercial customers. It operates through six segments: North America Metal (NAM), Australia/New Zealand Metal (ANZ), UK Metal (UK), Global Trading, Investment in SA Recycling (SAR) and Sims Lifecycle Services (SLS). The Company's product groups include ferrous secondary recycling, non-ferrous secondary recycling, recycling solutions, and secondary processing and other services. Its ferrous secondary recycling includes the collection, processing and trading of iron and steel secondary raw material. Its non-ferrous secondary recycling comprises the collection, processing and trading of other metal alloys and residues, principally aluminum, lead, copper, zinc and nickel-bearing materials.