How the Ratings and Potential Upsides for Silver Miners Look Today
The performances of precious metal miners with substantial exposure to silver have been disappointing in 2017. As a group, they’ve returned just 0.9% YTD.
Materials
Natural Gas Traders Should Stay Cautious of Oil Rigs
On December 29, the natural gas rig count was 88.7% below its record high of 1,606 in 2008. However, natural gas supplies have risen drastically since 2008.
Iron Ore and Steel Scrap Prices Diverge after Section 232 Tariffs
Iron ore and steel scrap are the key steelmaking raw materials. In the United States, steel prices and scrap prices tend to move in tandem.
The Market Sentiment for Coeur Mining as 4Q17 Begins
CDE stock has risen 2.6% year-to-date. However, during the same period, silver prices gained 4.7% and the Global X Silver Miners ETF (SIL) rose 5.5%.
Analyzing the MAP Prices in Brazil Last Week
The MAP (monoammonium phosphate) prices in Brazil saw positive momentum last week. Brazil is still a favorable market for fertilizer producers.
Which Gold Stocks Do Analysts Love and Hate?
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
Alcoa Is Optimistic about Aluminum’s 2018 Outlook
Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS of $1.04 in 4Q17.
Halliburton Reacts to Changing Crude Oil Prices: Update
Halliburton’s (HAL) stock price correlation with crude oil on July 20–27 was 0.22—a moderately positive correlation.
Copper Stabilizes While Gold Trades near Two-Year High
Copper prices stabilized on Monday, July 4, amid expectations of stimulus from central banks.
Newmont’s Project Pipeline Remains Strong: What’s the Upside?
Newmont Mining is poised to overtake Barrick Gold as the world’s largest gold producer in 2018.
Monsanto: Earnings Estimates and Target Price
As of December 25, 2017, Monsanto stock was covered by 18 analysts according to Reuters. The current consensus rating on the stock stood at 2.56.
Why the Outlook for US Steel Prices Is Bright beyond 4Q17
While US steel prices rose to a high of $660 per ton in March 2017, they fell to $580 per ton in June.
Why Valuation Multiples for Royalty and Streaming Companies Have Risen in 2017
Royalty and streaming mining companies (RING) (SIL) have business models that are considered quite conservative because they don’t own mines.
Decoding US Natural Gas Consumption Trends
PointLogic estimates that US natural gas consumption rose ~2.1% to 57.8 Bcf (billion cubic feet) per day from May 31 to June 6.
What to Expect from IIPR’s Earnings for Q3
Innovative Industrial Properties (IIPR) is scheduled to release its Q3 earnings results on November 6. Find out what cannabis investors can expect.Materials Must-know: Why US debt to GDP and gold price move together
Debt to gross domestic product (or GDP) is the ratio that shows how much a country owes versus how much it earns. Investors use this ratio to measure a country’s ability to make future payments on its debt. This impacts the country’s borrowing costs and government bond yields.
No Hope for MAP Prices in Brazil: Week Ending August 18
Last week, MAP (monoammonium phosphate) prices continued to fall and brought more pain for phosphate producers (NANR).
Understanding Weyerhaeuser’s Divestiture Policy
Weyerhaeuser (WY) has undertaken several divestiture policies in order to dispose of its underperforming and non-core businesses.
Copper Fell and Gold Stabilized on July 5
At 6:40 AM EST on July 5, the COMEX Copper futures contract for September delivery was trading at $2.2 per pound—a drop of 0.81%.
How Weyerhaeuser Fared in 2Q17: The Details
The growing economy has helped REITs including Weyerhaeuser (WY), Rayonier (RYN), Resolute Forests Products (RFP), and International Paper (IP) reap higher profits.
Why Pershing Square increased its stake in Air Products and Chemicals
Pershing Square increased its position in Air Products and Chemicals, Inc. from 21.31% in 3Q 2013 to 27.91% in 4Q 2013.
Is President Trump Robbing Peter to Pay Paul?
While higher steel prices benefit US steel producers, they raise input costs for downstream manufacturers.
What Cliffs Natural Resources’ Debt Tender Offer Means
On July 31, 2017, Cliffs Natural Resources (CLF) announced a tender offer for a $575.0 million aggregate principal amount of its 5.75% guaranteed notes due in 2025.
How ArcelorMittal Fared in 1Q18
ArcelorMittal (MT), the world’s largest steel producer, reported revenues of $19.2 billion for 1Q18, the highest since 3Q14.
What’s Wall Street’s Forecast for Nabors Industries?
Approximately 66% of the Wall Street analysts tracking Nabors Industries rated it as a “buy” or some equivalent.
Freeport-McMoRan’s Debt Reduction Plan: Key Takeaways
During its 4Q15 earnings conference call, Freeport-McMoRan (FCX) mentioned a debt reduction program to raise $5 billion–$10 billion to shore up its balance sheet.
U.S. Steel: Past Success, Current Scenario, and Uncertain Future
U.S. Steel Corporation (NYSE:X) was 27th among global steel producers last year. The company’s rank has slipped gradually over the years.
Why Oil Is More Vital than Natural Gas to Natural-Gas-Weighted Stocks
Natural gas supplies depend on US crude oil prices. In fact, the energy sector as a whole can follow trends set by crude oil.
Gold Prices Soar: Which Stocks Do Analysts Favor?
Kirkland Lake is first among analysts’ favorite gold stocks with 91% “buy” and 9% “hold” ratings. The target price implies a potential upside of 16%.
Here’s What Might Help Kinross Gold Outperform in 2018
Apart from royalty and streaming companies, Kinross Gold (KGC) is one of the best-performing miners (GDX) (RING) in 2017.
Is the Pullback in Iron Ore Miners Based on Technical Indicators?
Among the stocks under review in this series, Vale SA (VALE) has given the highest trailing-three-month return of 36.4%, while Rio Tinto (RIO) has generated the lowest return of 15.4%.
Do Goldcorp’s Earnings Estimates Reflect Analysts’ Increasing Optimism?
Goldcorp (GG) has given negative returns in 2017. Its stock has lost 6.1% of its value as compared to a gain of 12.8% in the iShares Gold Trust (GLD) and 11.1% in the VanEck Vectors Gold Miners ETF (GDX).
Rio’s Aluminum Division Didn’t Bow to Commodity Price Pressures
Rio Tinto’s (RIO) Aluminum division contributed 19% of its 1H16 underlying EBITDA (or earnings before interest, tax, depreciation, and amortization).
Why CVR Partners Missed Analyst Estimates in Second Quarter
CVR Partners missed both top-line and bottom-line estimates for the second quarter, and the stock fell 4.5% after the earnings release.
Different Steel Types Have Distinct End Use
Steel producers manufacture steel in several shapes according to demand from end consumers.
Senior Gold Miners’ Earnings Beats and Misses in 3Q17
All the gold miners (RING)(GDX) we’re covering in this series except for Barrick Gold (ABX) reported earnings beats in 3Q17.
Newell Brands Reaffirms Its Fiscal 2016 Projections
Newell Brands (NWL) has a market cap of $25.9 billion. It rose by 0.88% to close at $54.04 per share on September 6, 2016.
ArcelorMittal Could Keep Outperforming US Steel Stocks
ArcelorMittal (MT), the world’s largest steel producer, outperformed its US-based peers including U.S. Steel Corporation (X) and AK Steel (AKS) last year.
Are Rising Prices Affecting Fertilizer Affordability?
Recently, the Fertilizer Affordability Index has seen an upward trend.
Fertilizer Affordability Remains Stable amid Strengthening Prices
Fertilizer affordability has seen some tightening in the last couple of months.
2 key things that set the floor and ceiling for urea prices
Without an understanding of factors that affect crop prices, it would be difficult to formulate a view on future crop prices and demand for nitrogenous fertilizers.
US Steel Companies Embrace Their Stocks amid Investors’ Apathy
US steel stocks are having a dismal run so far in 2018.
A MAP Price Update for the Week Ended October 27
MAP (monoammonium phosphate) prices hit a low of $343 per metric ton in August but have been on an upward momentum since then.Materials Must-know: Playing the aluminum value chain
Bauxite is the most abundant metal in the earth’s crust. Because of the many impurities in bauxite, it must be refined to produce alumina.
IIPR, CRON, TLRY Surging: A Good Day for Cannabis Stocks
It looks like cannabis stocks had a great day. Innovative Industrial Properties (IIPR), Cronos Group (CRON), and Tilray (TLRY) are all surging today.
How Analysts View Freeport after Its 3Q17 Earnings Beat
Freeport-McMoRan released its 3Q17 earnings on October 25, posting revenues of ~$4.3 billion in 3Q17, compared with ~$3.7 billion in 2Q17.
PPG Launches Powercron 160 Electrocoat in North America
On March 12, PPG Industries (PPG) announced the launch of its Powercron 160 electrocoat in North America.Materials Why investors need to understand the cost curve
Primary aluminum and alumina are commodity products. Producers don’t have much control over their pricing. The prices are decided by market dynamics.
A Price Update on MAP Fertilizers in Brazil
Last week, the MAP prices in Brazil rose as much as 5.6% week-over-week to $394 per metric ton from $373 per metric ton a week ago.
Lagunas Norte: AISC down due to lower sustaining capex
All-in sustaining costs (or AISC) came in at $554 per ounce, a reduction of $142 per ounce from the same period last year. The reduction was mainly due to lower sustaining capital expenditure (or capex).