Global implications such as interest rate hikes, political stability, and market uncertainty play big roles in determining the prices of mining shares.
Precious metal funds like GLD and SLV have seen significant correlations to their respective precious metals.
Funds like GDX and RING)are closely linked to the performance of precious metals—especially to gold and silver.
On March 21, 2017, of the 18 analysts surveyed by Reuters, one had a “strong buy” recommendation on CF Industries, while five had “buy” recommendations on the company for the next 12 months.
When we visited CF Industries’ (CF) dividend yield in 2Q16, it was at a high of 5%. A higher dividend yield is a double-edged sword.
CF Industries’ (CF) earnings have been falling for the past five years, and it reported negative earnings in 4Q16.
Over the five years that ended in 2016, CF experienced a significant margin contraction. From 2012 to 2016, the company’s overall gross margin contracted from 50% to ~26%.
Earnings growth is perhaps the most important metric for public companies such as CF Industries (CF), PotashCorp (POT), Agrium (AGU), and The Mosaic Company (MOS).
Urea prices have fallen by an average of 14% annually over the past five years. The consistent fall has been due to falling energy costs, leading to lower production costs across the board.
In the commodities business, which includes CF Industries, PotashCorp, Agrium, and Intrepid Potash, companies don’t set fertilizer prices. Instead, they are the price takers.
Earlier in this series, we looked at the impact of shipments on CF Industries’ (CF) sales. In this article, we’ll discuss the impact of selling prices on the company’s sales.
Earlier in this series, we saw that CF Industries’ (CF) overall shipments rose 24% year-over-year (or YoY) to 17 million tons in 2016.
The ability to assess the components that drive sales for CF Industries is critical for investors. The health of CF’s top line is determined by shipments and realized prices of fertilizer products.
On October 12, 2016, we published a series on CF Industries’ operating performance and key drivers. Since then, CF Industries has risen 24.9% as of March 17, 2017.
As of March 21, Dow Chemical (DOW) traded at a one-year forward PE multiple of 15.50x—compared to its peers Eastman Chemical and LyondellBasell.
As of March 21, 2017, 21 brokerage firms were actively tracking Dow Chemical (DOW) stock. Among them, 76% of the analysts recommended the stock as a “buy.”
As of March 20, 2017, Dow Chemical’s (DOW) stock price closed at $64.50. Dow Chemical declared a 1Q17 quarterly dividend of $0.46 per share.
On February 9, 2017, Dow Chemical (DOW) announced a dividend of $0.46 per share for 1Q17 on the company’s outstanding common stock.
From the beginning of 2017 to March 21, 2017, Dow Chemical (DOW) has been an outstanding performer. It rose 10.20% and outperformed SPY.
After showing weakness for three consecutive trading weeks, crude oil opened lower this week. Crude oil continues to move lower.