RECENT Basic Materials RESEARCH
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.
The week ending September 1 was broadly positive for the agribusiness sector. The week was positive for fertilizer stocks.
Precious metals and most mining stocks have risen over the past one-month period, thanks to recent geopolitical tensions and the risk element in the market. September 1 was an up day for gold, silver, platinum, and palladium.
Comfortable leverage ratios enable a company to pursue organic as well as inorganic growth. In this series, we’ll do a comparative analysis of copper miners’ leverage ratios.
On September 1, 2017, Tronox (TROX) announced that it had completed the previously announced sale of its alkali chemicals business to Genesis Energy (GEL).
While silver prices often act as a leveraged play on gold, this hasn’t happened so far in 2017.
Olin (OLN) announced that it will pay its 3Q17 dividend on September 11, 2017. Olin has not made any changes to its dividend rate for the quarter.
Most fertilizer companies have significantly underperformed the benchmark indexes, and some have even delivered losses on a year-to-date basis.
On September 8, 2017, Sherwin-Williams (SHW) will pay its 3Q17 dividend on its outstanding shares. It has declared a dividend of $0.85 per share for 3Q17.
Albemarle (ALB) stock is continuing its upward journey after a small setback following its 2Q17 earnings release.