Basic Materials Stocks Under Scanner -- Freeport-McMoRan, Century Aluminum, Southern Copper, and Nevsun Resources
NEW YORK, December 1, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com presents four Basic Materials equities for review: Freeport-McMoRan Inc. (NYSE: FCX), Century Aluminum Co. (NASDAQ: CENX), Southern Copper Corp. (NYSE: SCCO), and Nevsun Resources Ltd (NYSE MKT: NSU). Last week, Goldman Sachs upgraded its outlook on the sector to "Overweight" - the first time in four years. According to analysts, commodities as a sector could jump 9% over the next three months, and prices for oil, coal, iron ore, nickel, and zinc are all likely to increase. You can access of our complimentary research reports on these stocks now at:
http://stock-callers.com/registration
Freeport-McMoRan
At the close on Wednesday, shares in Phoenix, Arizona headquartered Freeport-McMoRan Inc. rose 2.54%, ending the day at $15.35. The stock recorded a trading volume of 41.69 million shares, which was above its three months average volume of 33.36 million shares. The Company's shares have advanced 37.30% in the last one month, 49.17% in the previous three months, and 126.74% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 32.31% and 38.82%, respectively. Moreover, shares of Freeport-McMoRan, which acquires, explores, and develops mineral assets, and oil and natural gas resources, have a Relative Strength Index (RSI) of 68.91.
On November 29th, 2016, Freeport-McMoRan announced that it has commenced offers to eligible holders to exchange any and all of the outstanding senior notes issued by Freeport-McMoRan Oil & Gas LLC, FCX Oil & Gas LLC and FMSTP Inc., as co-issuers, and guaranteed by Freeport-McMoRan for (1) new senior notes to be issued by Freeport-McMoRan and guaranteed by FM O&G and (2) cash. The exchange offers will expire at 11:59 p.m. ET, on December 27th, 2016, unless extended.
Yesterday, research firm Berenberg downgraded the Company's stock rating from 'Hold' to 'Sell'. Visit us today and download your complete report on FCX for free at:
http://stock-callers.com/registration/?symbol=FCX
Century Aluminum
Shares in Chicago, Illinois headquartered Century Aluminum Co. ended the day 0.33% higher at $9.22. A total volume of 2.51 million shares was traded, which was above their three months average volume of 1.85 million shares. The stock has surged 26.13% in the past month, 46.82% over the previous three months, and 108.60% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 17.03% and 27.85%, respectively. Furthermore, shares of Century Aluminum, which together with its subsidiaries, produces primary aluminum in the US and Iceland, have an RSI of 53.87.
On November 18th, 2016, Century Aluminum announced that Rick T. Dillon will be leaving the Company in order to pursue another opportunity. Mr. Dillon joined the Company in June 2014 as Executive Vice President and CFO. The effective date of Mr. Dillon's resignation will be December 2nd, 2016. The Company announced that upon Mr. Dillon's resignation, Michael Bless, the Company's President and CEO, will assume the responsibilities of principal financial officer until the Board of Directors selects Mr. Dillon's replacement. The complimentary research report on CENX can be accessed at:
http://stock-callers.com/registration/?symbol=CENX
Southern Copper
On Wednesday, shares in Phoenix, Arizona-based Southern Copper Corp. finished 1.58% higher at $32.83. A total volume of 1.51 million shares was traded, which was above their three months average volume of 1.11 million shares. The stock has advanced 15.85% in the last one month, 27.38% over the previous three months, and 26.54% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 15.60% and 21.56%, respectively. Additionally, shares of Southern Copper, which engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador, have an RSI of 63.29. Register for free on Stock-Callers.com and download the PDF research report on SCCO at:
http://stock-callers.com/registration/?symbol=SCCO
Nevsun Resources
Vancouver, Canada headquartered Nevsun Resources Ltd's shares recorded a trading volume of 1.06 million shares at the end of yesterday's session, which was higher than their three months average volume of 777,190 shares. The stock closed the day 2.22% higher at $3.22. The Company's shares have advanced 10.65% in the last one month, 3.88% in the previous three months, and 23.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.71% and 3.12%, respectively. Additionally, shares of Nevsun Resources, which engages in the acquisition, exploration, development, and operation of mineral properties in Africa, have an RSI of 60.75.
On November 22nd, 2016, Nevsun Resources announced new assay results from drilling of the Lower Zone at the Company's Timok copper-gold project. The Lower Zone consists of porphyry-type mineralization characterized by chalcopyrite-pyrite and occasional bornite and molybdenite occurring as disseminations and within quartz and quartz-magnetite stockwork veinlets. The Timok Copper-Gold Project is located in eastern Serbia near the Bor mining and smelting complex. Get free access to your research report on NSU at:
http://stock-callers.com/registration/?symbol=NSU
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected] . Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article