The current consensus mean rating on Agrium for the next-12-month period stood at 2.5 with a “buy” recommendation.
Since our last update a month ago in August, PotashCorp (POT) stock has risen by as much as ~11%.
Agricultural chemical stocks haven’t yielded the best returns recently, and some stocks have seen losses for the last couple of years.
At 6:50 AM EST on September 19, the WTI crude oil futures contracts for November 2017 delivery were trading at $50.77 per barrel—a gain of ~0.83%.
Freeport-McMoRan (FCX) is trading at an EV-to-EBITDA multiple of ~6.6x based on its 2017 EBITDA estimates and ~5.1x based on its 2018 EBITDA estimates.
According to consensus estimates compiled by Thomson Reuters, Freeport-McMoRan (FCX) is expected to generate adjusted EBITDA of ~$1.4 billion in 3Q17 and ~$1.6 billion in 4Q17.
Copper prices tend to react to geopolitical issues. However, over the last month, copper and all risk assets have ignored rising geopolitical tensions in the Korean Peninsula.
Investments in renewable energy bode well for global copper demand, as the copper intensity in renewable energy is higher than in non-renewable energy.
China imported 390,000 metric tons of unwrought copper and copper products in August 2017, compared to 350,000 metric tons in August 2016.
Based on its September 15 closing price, Freeport-McMoRan stock has a 14-day RSI of 33.
Copper prices touched a three-year high in early September 2017. Bulls cited an improved demand environment amid falling ore grades at major mines to justify their optimism.
This part of our series looks at mining companies and precious metals by comparing price movements. Specifically, we’ll analyze Randgold Resources (GOLD), Yamana Gold (AUY), Coeur Mining (CDE), and Barrick Gold (ABX).
Precious metal mining stocks follow trends in precious metals, and they’re a very volatile segment of the equity markets.
As mining companies are known to closely track precious metals, in this article, we’ll look at how a few miners have moved over the past month as well as their technical indicators.
On September 14, 2017, Ashland (ASH) announced that it’s hiking maleic anhydride prices. The price increase will be $0.02 per pound.
On September 14, 2017, Eastman Chemical announced that it’s increasing the prices of Esters and Alcohols. The price increase will be effective on October 1.
On September 14, 2017, Tronox (TROX) announced that it will raise $450 million through senior notes. The notes will mature in 2025.
On September 14, 2017, Celanese (CE) announced that it’s increasing the prices for several of its products across different regions.
On September 15, Albemarle announced that it developed a new technology. The technology could help the company increase its lithium production in Chile.
On September 11, Axalta (AXTA) announced that it’s introducing NAP-Gard 7-0015 Tan Internal FBE to its corrosion resistant internal pipe coatings line.