Morning Analysis on Metals and Mining Stocks - Vale, Walter Energy, Turquoise Hill Resources, Molycorp, and US Silica Holdings
Editor Note: For more information about this release, please scroll to bottom.
LONDON, September 5, 2014 /PRNewswire/ --
On Thursday, September 04, 2014, the NASDAQ Composite ended at 4,562.29, down 0.22%, the Dow Jones Industrial Average finished the day 0.05% lower at 17,069.58, and the S&P 500 closed at 1,997.65, down 0.15%. The losses were broad based as six out of ten sectors ended the session in negative. The S&P 500 Materials Sector Index ended the day at 317.07, down 0.11%, while the index has advanced 2.30% in the last three months. Investor-Edge has initiated coverage on the following equities: Vale S.A. (NYSE: VALE), Walter Energy Inc. (NYSE: WLT), Turquoise Hill Resources Ltd (NYSE: TRQ), Molycorp Inc. (NYSE: MCP), and US Silica Holdings Inc. (NYSE: SLCA). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Vale S.A.'s stock finished Thursday's session 1.16% lower at $12.82. A total of 24.27 million shares were traded, which was above its three months average volume of 17.05 million shares. The stock moved between $12.23 and $12.97 during the session. Over the last three trading sessions and since the start of this year, Vale S.A.'s shares have fallen by 1.84% and 15.93%, respectively. However, the stock has gained 1.58% in the last three months. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $13.88 is greater than its 50-day moving average of $13.85. Vale S.A.'s stock has a Relative Strength Index (RSI) of 35.14. Sign up and read the free notes on VALE at:
www.Investor-Edge.com/VALE-05Sep2014
On Thursday, shares in Walter Energy Inc. fluctuated between $5.18 and $5.35 before ending the session 0.95% higher at $5.32. The stock reported a trading volume of 3.97 million shares, below its three months average volume of 4.08 million shares. Although, Walter Energy Inc.'s shares have surged 22.86% in the previous three months, it has plummeted 4.83% in the last three trading sessions and 68.01% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $5.85 and $9.05, respectively. Moreover, shares of Walter Energy Inc. have an RSI of 34.45. The complimentary notes on WLT can be downloaded as in PDF format at:
www.Investor-Edge.com/WLT-05Sep2014
Turquoise Hill Resources Ltd's stock edged 0.90% lower, to close the day at $3.32. The stock recorded a trading volume of 1.64 million shares, below its three months average volume of 2.92 million shares. The stock oscillated between $3.32 and $3.37 during the session. Over the last three trading sessions and over the past one month, Turquoise Hill Resources Ltd's shares have lost 1.78% and 2.92%, respectively. However, the stock has advanced 0.61% since the start of this year. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $3.51 is above its 50-day moving average of $3.44. Additionally, Turquoise Hill Resources Ltd has an RSI of 36.86. Register for free on Investor-Edge and access the latest research on TRQ at:
www.Investor-Edge.com/TRQ-05Sep2014
On Thursday, shares in Molycorp Inc. recorded a trading volume of 2.03 million shares, lower than its three months average volume of 5.89 million shares. The stock ended the day at an intra-day low of $1.72, which was 1.15% below its previous day's closing of $1.74. Molycorp Inc.'s shares have lost 3.91% in the previous three trading sessions, 20.00% in the last one month and 69.40% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $2.11 and $3.92, respectively. Furthermore, shares of Molycorp Inc. have an RSI of 35.08. The complete research on MCP is available for free at:
www.Investor-Edge.com/MCP-05Sep2014
US Silica Holdings Inc.'s stock declined 5.78%, to close Thursday's session at $67.79, after oscillating between $67.04 and $72.10. The stock recorded a trading volume of 2.66 million shares, above its three months average volume of 1.39 million shares. US Silica Holdings Inc.'s shares have surged 14.51% in the last one month and 26.83% in the previous three months. Additionally, from the beginning of 2014, the stock has rallied 98.74%. The company's stock is trading above its 50-day and 200-day moving averages. US Silica Holdings Inc.'s 50-day moving average of $59.71 is above its 200-day moving average of $43.43. Further, US Silica Holdings Inc.'s stock traded at a PE ratio of 41.23 and has an RSI of 81.51. Free in depth research on SLCA is available at:
www.Investor-Edge.com/SLCA-05Sep2014
About Investor-Edge.com
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is 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 by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Investor-Edge
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article