Are North Korea Tensions Continuing to Affect Precious Metals?
All the four precious metals saw an up day on Monday, October 9, 2017.
Materials
How China’s Steel Demand Could Affect Iron Ore Demand
China’s property sector China’s property sector is one of its most steel-hungry sectors, accounting for close to 50% of overall steel demand. Therefore, it is important for steel investors to keep tabs on the sector to gauge the steel demand outlook in China. China’s property sector once again appeared to be under stress in August. […]
Mining Stocks so Far in 2017: A Correlation Study
Among these four mining stocks, Goldcorp has the lowest correlation with gold on a YTD basis, while Royal Gold (RGLD) has the highest correlation.
The Outlook for US Steel Prices in 4Q17
Steel prices Along with steel production, steel prices are among the most important drivers of US steelmakers’ earnings. Therefore, steel and iron ore investors should track US steel prices (SLX). After being depressed for a long period, US steel prices started their upward march in 2016 after high anti-dumping duties were levied on imported steel. Prices also […]
A Look at Trends in US Steel Production
US steel production As US (DIA) (DOW) steel production is US steelmakers’ major revenue driver, it’s very important to track it. In this part, we’ll discuss domestic production and capacity utilization. According to the World Steel Association, the United States produced 7.1 million tons of steel in August 2017, an increase of 6.3% YoY (year-over-year). Production rose 5.6% in […]
Nitrogen Input: How Natural Gas Prices Moved Last Week
So far this year, Henry Hub natural gas prices have hovered around $3 per MMBtu (million British thermal units).
RPM International Increases Its Quarterly Dividend
On October 5, 2017, RPM International (RPM) announced an increase in its regular quarterly cash dividend of $0.32 per share—a YoY rise of 6.7%.
H.B. Fuller Inducts Ruth Kimmelshue to Its Board of Directors
On October 4, 2017, H.B. Fuller (FUL) announced that Ruth Kimmelshue had been appointed to the company’s board of directors, effective immediately.
How Owning the Tilden Mine Fits Into Cleveland-Cliffs’s Strategy
Cleveland-Cliffs now fully owns Tilden On October 2, 2017, Cleveland-Cliffs (CLF) announced its acquisition of U.S. Steel Corporation’s (X) 15% equity interest in the Tilden mine for $105 million. Cleveland-Cliffs already owned the other 85% of the joint venture. This transaction will provide 1.2 million tons of annual pellet production capacity to Cleveland-Cliffs, taking its capacity to ~20 million […]
How Do Analysts View Tahoe Resources despite Its Underperformance?
Tahoe Resources (TAHO) stock has lost 44.1% of its value year-to-date until the end of September.
How Mining Stocks Are Performing
The precious metals continued rising on Wednesday, and gold also witnessed a rebound.
Monsanto’s 4Q17 Gross Margins by Segment
The Seed and Genomics segment’s gross margins expanded from 34.0% in 4Q16 to 41.4% in 4Q17.
Precious Metals and Companies That Mine Them
Precious metal miners got a boost on Tuesday, October 3, 2017, despite the marginal fall of precious metals.
Chart in Focus: Correlation of Mining Stocks with Gold
New Gold has a three-year correlation of 0.67 and a one-year correlation of 0.88 to gold.
The Latest in Correlation Trends between Mining Stocks and Gold
Among the four miners that we’re analyzing here, Sibanye Gold has the lowest correlation with gold on a one-year basis, while Gold Fields has the highest.
Precious Metals in September: A Review
The negative sentiment toward gold prevailed on Friday, September 29, the last trading day of the month. Gold futures for November expiration fell 0.3%.
Can China’s Iron Ore Imports Support Prices?
China is the world’s largest consumer of iron ore. Therefore, to gauge the outlook for iron ore demand, it’s important to track China’s iron ore import data.
Reading Miners’ Gold Correlation Trends
Correlation trends On September 26, precious metals and mining stocks fell. Analyzing mining stocks’ correlation with gold is important since it can give some idea of future stock movement. In our analysis, we’ll focus on Buenaventura (BVN), AngloGold Ashanti (AU), Hecla Mining (HL), and Kinross Gold (KGC). Mining funds track precious metals and their price movements. Whereas the Global […]
How the US Steel Industry’s Supply and Demand Looks before 4Q17
Steel stocks have recouped some of their losses in the last two trading sessions. However, U.S. Steel Corporation (X) and AK Steel (AKS) have lost 5.3% and 4.1%, respectively, month-to-date based on their September 27 closing prices.
Understanding Mining Company Technicals amid Today’s Turbulence
Many mining stocks saw a revival in prices on Monday, September 25, 2017, since precious metals saw an upswing.
Can RPM International Outperform the Analysts’ Revenue Estimate for Fiscal 1Q18?
As of September 25, 2017, analysts have forecasted that RPM will report revenues of $1.32 billion for fiscal 1Q18, which would be a 5.5% rise over fiscal 1Q17.
Reading the Correlation of Mining Shares
Monday, September 25, 2017, was a day of revival for mining shares as tensions in North Korea resurfaced.
Reading the Technicals of Mining Shares in September 2017
Most mining shares witnessed an up day on Monday, September 25, 2017, as precious metals increased over the ongoing global tensions.
Analyzing Miners’ Technicals in September 2017
On September 22, 2017, First Majestic Silver, Goldcorp, Newmont Mining, and Silver Wheaton had volatilities of 49.1%, 26.7%, 23.5%, and 30.8%, respectively.
LyondellBasell Starts Polypropylene Production at Dalian, China
On September 21, 2017, LyondellBasell (LYB) announced that it has started manufacturing polypropylene (or PP) from its production facility in Dalian, China.
Precious Metals, Miners and the Scaling Dollar
Later in the day on September 20, after rising gold prices fell on the US Federal Reserve’s indication of one more interest rate hike in 2017.
Why the Tasiast Expansion Is Key to Kinross Gold’s Potential
The Tasiast Phase One expansion is expected to increase mill throughput capacity from 8,000 tons per day to 12,000 tons per day.
US Steel Producers Are Complaining about Higher Input Costs
Steel production is raw material–intensive in nature. Iron ore, steel scrap, and coking coal are the key raw materials that go into steel production.
Miners Followed Precious Metals Downhill on September 18
On September 18, Coeur Mining, Barrick Gold, Kinross Gold, and Eldorado Gold had volatilities of 42.3%, 26.4%, 40.8%, and 50.1%, respectively.
MAP Prices Were Firm for the Week Ending September 15
In recent months, MAP prices in Brazil have been on a downward trajectory. However, MAP prices appear to have found firmness in recent weeks.
How Freeport-McMoRan Benefits from Electric and Hybrid Vehicles
Investments in renewable energy bode well for global copper demand, as the copper intensity in renewable energy is higher than in non-renewable energy.
How Analysts Estimate Agnico Eagle Mines’ Earnings in 2017 and Beyond
Despite just 0.7% expected growth in revenues for 2017, Agnico Eagle Mine’s EBITDA is expected to grow 5.6% YoY in 2017.
Understanding Changes in Analyst Estimates for CLF
Wall Street analysts covering Cleveland-Cliffs estimate revenues of ~$2.4 billion in 2017. This implies growth of 14.7% year-over-year.
Why Most Mining Stocks Fell on Friday
Precious metal mining stocks follow trends in precious metals, and they’re a very volatile segment of the equity markets.
Top 10 Steel Consumers: Where Does the United States Stand?
China was the largest steel consumer last year, with the mainland’s ASC at 681.0 million metric tons.
Celanese Continues to Hike Its Product Prices
On September 14, 2017, Celanese (CE) announced that it’s increasing the prices for several of its products across different regions.
Tronox Will Raise $450 Million through Senior Notes
On September 14, 2017, Tronox (TROX) announced that it will raise $450 million through senior notes. The notes will mature in 2025.
Size Matters: Which Are the Top 10 Steel-Producing Companies?
In this series, we’ll look at the top ten companies in the global steel industry based on steel production, steel consumption, and steel imports.
Will US Natural Gas Consumption Outweigh Production?
PointLogic estimates that weekly US natural gas consumption fell 6.6% to 52 Bcf per day from September 7 to 13. Consumption fell 13% year-over-year.
What Analysts Recommend for Eastman Chemical
Analysts’ consensus on EMN’s mean target price is on the rise from $89.92 in July to the current target price of $93.38 as of September 12, 2017.
Analyzing the RSI Movements of Precious Metals
The price movement in precious metals is often closely traced by mining stocks. Before investors opt for mining stocks, they should analyze a few of the crucial technical details.
Why Most Analysts Recommend ‘Buy’ for Huntsman
Analysts’ consensus for Huntsman The number of analysts covering Huntsman (HUN) stock has increased from eight analysts to nine analysts in the last month. Among them, 89% of the analysts have recommended “buy,” and 11% have recommended “hold.” There were no “sell” recommendations. Analysts have raised Huntsman’s 12-month target price to $30.11 from $28.71, implying a potential […]
Huntsman’s Dividend Yield Falls as Its Stock Price Rises
Huntsman’s dividend yield Dividend yields are very important for long-term investors, as they fetch a steady income. Investors prefer companies with a strong dividend yield and growth. As Huntsman (HUN) has maintained its dividend rate, we can expect it to pay a fiscal 2017 dividend of $0.50 per share At this dividend rate, Huntsman’s dividend yield […]
How Weyerhaeuser Compares with Peers
The expected performance of timberland REIT Weyerhaeuser (WY) for the rest 2017 and in 2018 can be best understood by its valuation multiples.
Chemours: Analyzing Its 3Q17 Dividend
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.
How Weyerhaeuser Treats Its Shareholders
REITs (real estate investment trusts) usually provide generous returns to their shareholders in the form of dividends or share buybacks.
Analyzing the Miners’ Crucial Indicators in September
On September 11, 2017, Agnico-Eagle, Barrick Gold, Hecla Mining, and Kinross had volatilities of 45.2%, 28.1%, 40.4%, and 39.8%, respectively.
Is Weyerhaeuser Maintaining a Strong Balance Sheet?
REITs (real estate investment trusts) depend mostly on debt for their day-to-day functioning and working capital.
How Weyerhaeuser and REITs Can Fight the Interest Headwind
After thriving for a long time in a low interest rate environment, REITs (real estate investment trusts) are now facing a high interest rate.
How the Rising Interest Rate Affects REITs like Weyerhaeuser
REITs (real estate investment trusts) depend on debt and equity for their working capital, and so they’re directly impacted by the Fed’s interest rate policy.