Materials

Gold miners usually act as a leveraged play on gold prices. In 2018, the VanEck Vectors Gold Miners ETF (GDX) fell 9.3%, amplifying the 1.9% fall in gold prices (GLD).

In this series, we’ll consider recommendations, target prices, estimates, and potential upsides and downsides for senior gold miners.

Barrick has reduced its debt more than 57% in the last four years from $13.4 billion at the end of 2014 to $5.7 billion at the end of 2018.

Barrick Gold (GOLD) reported AISC of $788 per ounce and a cost of sales of $980 per ounce in the fourth quarter.

In a press release today, Air Products and Chemicals (APD) announced that it had completed its acquisition of ACP Europe SA.

Newmont Mining (NEM) reported its fourth-quarter earnings results before the market opened on February 21.

On paper, aluminum’s fundamentals look strong. Aluminum markets were expected to be in a deficit of 1.5 million metric tons last year.

After Cleveland-Cliffs’s (CLF) debt repayment concerns were taken care of, it started refocusing on growth.

Bumper margins prompted Chinese steel mills to continue increasing their output.

For LyondellBasell, 30% of the analysts recommended a “buy,” 65% recommended a “hold,” and 5% recommended a “sell.”

On November 6, Air Products and Chemicals reported revenues of $2.30 billion for the fourth quarter.

On October 22, Celanese (CE) announced that it would be increasing the prices of ethyl acetate in the Americas region.

For Sherwin-Williams, 64% of the analysts recommended a “buy,” 36% recommended a “hold,” and none of the analysts recommended a “sell.”

DAP (diammonium phosphate) prices have been rising lately.

PPG Industries (PPG) has announced that it will announce its second-quarter earnings on July 19 before the market opens.

Last week, DAP prices in Tampa rose the most, rising 1.7% week-over-week to $427 per metric ton, from $420 per metric ton.

Monetary policies have been crucial in determining the movement in precious metals.

Of all the energy segments, the oil and gas transportation services segment noted the highest dividend yield.

Of the various industries in the basic materials sector, integrated mining noted the highest dividend yield.

Despite the ongoing slump in the precious metals market, it seems that there could be hope going forward.

Like DAP (diammonium phosphate) prices last week, MAP (monoammonium phosphate) prices were broadly flat to positive WoW (week-over-week) but stayed higher YoY (year-over-year).

Mosaic is expected to report EPS of $0.28 in 1Q18, which would be a significant rise from its EPS of $0.04 in 1Q17.

On April 24, W. R. Grace (GRA) announced that it would be licensing its UNIPOL PP Process Technology to Inter Pipeline to be used in its Heartland Petrochemical complex in Alberta, Canada

Last week, the DAP prices in the NOLA region rose by 53 basis points to $344 per metric ton from $342 per metric ton.

Mining stocks tend to move with gold prices. In this part, we’ll analyze the correlation between gold and four mining stocks.

On a year-to-date basis, until March 19, 2018, OLN stock has fallen 15.5%.

Flotek Industries’ (FTK) forward EV-to-EBITDA multiple is at the steepest discount to its current EV-to-EBITDA multiple on March 9, 2018.

Iron ore prices showed a lot of volatility in 2017, which is continuing well into 2018.

Nucor (NUE) has been expanding its footprint in the automotive sector. It’s worth noting that US vehicle sales have shown signs of moderation after sales hit a record high in 2016.

As copper market conditions have improved, companies have also taken another look at their capital allocation strategies.

Urea prices for the standard grade in the NOLA (New Orleans) region of the US and in Egypt saw the steepest weekly change last week.

Newmont Mining’s (NEM) has one of the best project pipelines in the sector (GDX)(GDXJ)—stronger than Kinross Gold (KGC), Barrick Gold (ABX), and AngloGold Ashanti (AU).

Albemarle (ALB) is set to announce its 4Q17 results after the market closes on February 27, 2018.

On February 16, 2018, the US Department of Commerce released its recommendations for the Section 232 probe into steel and aluminum imports.

The repercussions of the equity market carnage are evident in commodity markets. Copper, which some analysts see as an indicator of the global economy’s health, has come off its 2018 highs.

In the week ending January 26, potash prices at the locations discussed below were broadly flat to positive and remained strong compared to levels observed a year ago.

It’s vital for iron ore investors to track movements in the Chinese real estate market (TAO). This sector constitutes more than 50% of the total steel consumed in the country.

In this article, we’ll do a technical analysis of a few select mining stocks. When investing in mining stocks, it’s crucial to read their indicators.

During the 4Q17 earnings call, analysts will carefully watch U.S. Steel Corporation’s 2018 guidance.

Of the 18 Wall Street analysts currently covering the BHP Billiton’s (BHP) stock, 61% rate it as a “buy,” 28% recommend a “hold,” and the remaining 11% have a “sell” recommendation on the stock.