RECENT Basic Materials RESEARCH
Agricultural chemical stocks haven’t yielded the best returns recently, and some stocks have seen losses for the last couple of years.
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.
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.
PolyOne (POL) has announced that it will pay a quarterly dividend of $0.135 per share on October 5, 2017, to shareholders holding stock as of September 15, 2017.
For the week ending September 15, 2017, the agricultural fertilizer sector was broadly positive. MOO ended last week 1.1% higher.
Of the analysts covering Barrick Gold (ABX), 54% recommended a “hold,” 42% of its analysts issued “buy” recommendations, and 4% recommended a “sell” for the stock.
Huntsman (HUN) has declared a 3Q17 dividend of $0.13 per share, and is expected to pay it on September 29, 2017.
In this series, we’ll cover the top ten stocks to try to help you make wise investment decisions. We’ll look at stocks in the agricultural chemicals industry (MOO).
Palladium is the winner among precious metals over the past month, rising almost 8.0%. It’s been a good year so far for this metal.
EMN has declared a dividend of $0.51 per share on its outstanding common shares. The company is expected to pay the dividend on October 2, 2017.
Despite iron ore’s roller coaster ride, its prices have been resilient year-to-date. After several days of losses this week, iron ore prices have finally stabilized at ~$77 per ton.
On September 15, 2017, Chemours (CC) will pay the 3Q17 dividend on its outstanding common shares. It has declared a cash dividend of $0.03 per share.
The VanEck Vectors Gold Miners ETF (GDX) and the Global X Silver Miners ETF (SIL) fell 2.7% and 2%, respectively, on September 11, 2017, as precious metals also experienced a down day.
Iamgold’s (IAG) stock price has had a very strong performance in 2017 YTD, significantly outperforming peers and gaining 83% as of September 8, 2017.
As of September 8, Axalta’s stock price is trading 9.2% below the 100-day moving average price of $31.34, which indicates the prevailing downward trend.
A crucial factor that has impacted many of the changes in precious metals over the past year is the US dollar. Precious metals are dollar-denominated assets.
Barrick Gold (ABX), Newmont Mining (NEM), and Franco-Nevada (FNV) are GDX’s top three holdings, contributing 10.2%, 9.9%, and 7.1%, respectively.
Precious metals have maintained upward movement over the past month as geopolitical tensions hover.
After experiencing a great 2016, US steel stocks are having a tepid 2017.
A weakness in the dollar often becomes positive for dollar-denominated assets such as gold and silver. However, the relationship between gold and the dollar may not always stay strong.