Stocks with higher correlations to precious metals can be affected more by global indicators that influence precious metals.
Precious metals have witnessed sudden and considerable downswings since mid-April 2017.
The Scotts Miracle-Gro Company (SMG) reported its 1Q17 earnings on May 2, 2017, with earnings per share (or EPS) of $2.78.
Sociedad Química y Minera de Chile (SQM) has yet to announce its earnings, unlike most of the companies we’ve discussed so far in this series.
Like fertilizer companies (MOO) The Mosaic Company (MOS) and Agrium (AGU), CF Industries (CF) had a weak 1Q17.
Monsanto (MON) saw positive earnings results in 1Q17 compared to the other fertilizer companies (XLB) we’ve discussed so far in this series.
Like Monsanto (MON), FMC Corporation (FMC) is in the business of crop protection products. The majority of FMC’s sales come from its Agricultural Solutions segment.
Much like Agrium (AGU), The Mosaic Company (MOS) had a disappointing 1Q17. Mosaic reported flat or no earnings per share (or EPS), missing analysts’ consensus estimate of $0.17.
Unlike PotashCorp (POT), Agrium’s (AGU) performance failed to impress investors (XLB). The company reported earnings per share (or EPS) of -$0.08.
PotashCorp (POT) reported EPS (earnings per share) of $0.18 in 1Q17, almost double analysts’ consensus estimate for the quarter and double its EPS of $0.09 in 1Q16.
With the end of the earnings season, it’s time to look back at analysts’ recommendations and price target changes for some major agribusiness companies.
After gaining for two consecutive trading days to the highest levels in more than a week, crude oil prices are weaker in the early hours on May 12.
PPG has a better current dividend yield than its peers, with the exception of RPM.
PPG Industries (PPG) announced a dividend of $0.40 per share for 2Q17 on the company’s outstanding common stock.
After losing momentum on Thursday, the US dollar is slightly weaker in the early hours on May 12 due to concerns about political uncertainty in the US.
On May 11, 2017, 21 brokerage companies were actively tracking PPG Industries (PPG) stock.
Newmont Mining (NEM) has a multiple of 8.3x with an EBITDA margin of 36%.
Wall Street analysts expect revenues of $2.1 billion for Barrick Gold (ABX) in 2Q17, 6.5% higher than what it earned in 2Q16.
Barrick Gold (ABX), Goldcorp (GG), and Newmont Mining (NEM) are trading 11%, 6%, and 1.6%, respectively, below their 50-day moving averages.
Barrick Gold (ABX) delivered FCF of $161 million in 1Q17—a figure that was slightly lower than the FCF of $181 million it generated in 1Q16.