RECENT Basic Materials RESEARCH
In this series, we’ll see how analysts are rating the leading copper miners, using companies that get a sizeable chunk of revenues from copper mining.
In the week ending October 6, the VanEck Vectors Agribusiness ETF (MOO) fell by seven basis points from the beginning of the week.
Spencer Coatings, acquired by Axalta (AXTA) in June 2017, has launched a water-based coating that keeps all glass in place if the glass shatters.
In this series, we’ll look at factors affecting US steel stocks, such as imports, prices, production, and demand.
So far, there have been no wild movements among agribusiness stocks after the announcement of the Trump administration’s latest tax proposal.
RPM International (RPM) announced its fiscal 1Q18 earnings on October 4, 2017, before markets opened.
In this series, we’ll rank the global gold miners based on their “buy” ratings from analysts. Wheaton Precious Metals (WPM) garnered 90% “buy” ratings—the highest among the surveyed analysts.
Among the mining stocks that we’re discussing in this series, Newmont Mining had the lowest correlation with gold in the past year.
Precious metal miners got a boost on Tuesday, October 3, 2017, despite the marginal fall of precious metals.
On October 4, 2017, Goldcorp, Silver Wheaton, Barrick Gold, and Eldorado had implied volatility readings of 28.9%, 30.8%, 29.1%, and 50.4%, respectively.
The US dollar and global tensions have been crucial in determining the prices of precious metals and mining shares. On Monday, October 2, mining shares saw mixed movement against precious metals.
Freeport-McMoRan (FCX) closed at $14.04 on September 29. The stock fell ~5.0% in September. However, it’s still trading with year-to-date gains of 6.4%.
AXTA stock was trading 6.6% below its 100-day moving average of $30.98, but analysts expect a target price of $32.53, implying a return potential of 12.5%.
Iron ore prices have been on a roller coaster ride in 2017. Prices peaked at $95 per ton in February 2017. After that, they fell to $53 per ton in June 2017.
CF Industries (CF) managed to outperform the S&P 500 (SPY) in the past year with a return of 55.2% as of September 26, 2017.
At the end of 2Q17, Celanese (CE) reported long-term debt of ~$2.9 billion and short-term debt of $384.0 million. CE’s current debt level is its highest in the past five years.
In the past five years, Ashland has reduced its debt from $3.6 billion to $2.8 billion at the end of fiscal 3Q17.
All four precious metals, excluding palladium, fell September 26, as the US dollar had a positive day once again.
Year-to-date through September 27, International Flavors and Fragrances (IFF) has returned 19.7%. IFF has outperformed its peer Sensient Technologies (SXT), which has fallen 2.0% year-to-date.
In this series, we’ll do an overview of RPM’s stock performance, the analysts’ revenue estimate, EPS estimates, recommendations, and valuations.