PotashCorp is expected to report an EPS of $0.11, which will be flat compared to 3Q16. However, earnings growth is expected in the next four quarters.
Wall Street analysts estimate that PotashCorp will report an EBITDA income of $349 million, which is expected to grow 6% YoY from $329 million in 3Q16.
For 3Q17, PotashCorp is expected to report a gross income of $264 million, which will translate into a gross margin of 26%.
PotashCorp (POT) has seen its revenue fall in the last few months. In the past seven quarters, PotashCorp experienced YoY revenue growth in one quarter.
PotashCorp will release its 3Q17 earnings on October 26, 2017, before the market opens. It’s expected to report an EPS of $0.11—flat compared to 3Q16.
On a YTD (year-to-date) basis, RGLD, AEM, and FNV have risen 38.3%, 7.3%, and 33.3%, respectively, while Goldcorp has seen a YTD loss of 3.4%.
The Sprott Gold Miners (SGDM) and the iShares MSCI Global Gold Min (RING) have risen 10.6% apiece on a YTD (year-to-date) basis.
Despite the overall downturn among precious metals on Tuesday, October 17, precious metal mining stocks witnessed a mixed reaction that day.
Freeport-McMoRan stock has received a mean consensus target price of $15.51—potential upside of 3.9% over its closing prices on October 17.
The Grasberg mine’s issues have dominated Freeport-McMoRan’s earnings conference calls for many quarters.
According to consensus estimates compiled by Thomson Reuters, Freeport is expected to post an adjusted EBITDA of $1.49 billion in 3Q17.
Looking at Freeport-McMoRan’s guidance, the company expects to ship 940 million pounds of copper in 3Q17—similar to its 2Q17 shipments.
Freeport-McMoRan (FCX), the world’s second-largest copper producer, is expected to release its 3Q17 earnings on October 25, 2017.
The RSI levels of AGI, AG, BTG, and NGD are currently 62.3, 47.2, 35.9, and 53.1, respectively.
On a YTD (year-to-date) basis, Yamana has the highest correlation to gold, while Pan American has the lowest correlation.
Precious metal prices fell significantly on Tuesday. However, a few miners rose despite the decline in gold and silver.
Scotts Miracle-Gro (SMG) has risen 4.6% so far in October. It has risen 4.0% so far this year and underperformed the benchmark indexes.
So far in October 2017, Sociedad Química y Minera de Chile (SQM) has risen 5.8%.
FMC (FMC) stock has risen 6.0% over the past month. The stock has significantly outperformed the benchmarks (SPY) (MOO) YTD with a 68.0% rise.
Over the last month, Monsanto (MON) stock has risen 3.5%. It has outperformed the benchmark S&P 500 Index (SPY) with a YTD rise of 16.3%.