This Morning's Research Reports on Metals & Minerals Stocks -- Hudbay Minerals, Pretium Resources, Rio Tinto, and Vedanta
NEW YORK, April 19, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on HBM, PVG, RIO, and VEDL which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com navigates the Industrial Metals and Minerals industry, which lies at the heart of the global Construction and Manufacturing industries. For that reason alone, it is always going to be a cyclical space whose prospects are tied to economic growth. In this morning's lineup are these four stocks: Hudbay Minerals Inc. (NYSE: HBM), Pretium Resources Inc. (NYSE: PVG), Rio Tinto PLC (NYSE: RIO), and Vedanta Ltd (NYSE: VEDL). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Hudbay Minerals
Toronto, Canada-based Hudbay Minerals Inc.'s stock finished Wednesday's session 7.09% higher at $7.55. A total volume of 1.01 million shares was traded, which was above their three months average volume of 748,650 shares. The Company's shares have advanced 23.77% over the past year. The stock is trading 1.06% below its 50-day moving average. Additionally, shares of Hudbay Minerals, which together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America, have a Relative Strength Index (RSI) of 53.92.
On March 27th, 2018, research firm Macquarie upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On April 16th, 2018, Hudbay Minerals announced plans to issue a news release containing its Q1 2018 results on May 02nd, 2018. Senior management will host a conference call on May 03rd, 2018, at 10:00 a.m. ET to discuss the Company's results. The webcast of the call will be available on the Company's website. Get the full research report on HBM for free by clicking below at: www.wallstequities.com/registration/?symbol=HBM
Pretium Resources
On Wednesday, shares in Vancouver, Canada headquartered Pretium Resources Inc. recorded a trading volume of 1.90 million shares. The stock ended the session 2.52% higher at $7.32. The Company's shares have advanced 4.13% in the last month. The stock is trading 6.77% above its 50-day moving average. Moreover, shares of Pretium Resources, which acquires, explores for, and develops precious metal resource properties in the Americas, have an RSI of 54.32.
On April 11th, 2018, Pretium Resources reported its Q1 2018 production results. Production for Q1 2018 included 75,689 ounces of gold produced; 96.8% gold recovery rate; 261,443 tonnes of ore milled; and 2,905 tonnes of ore milled per day. There were 10.9 grams per tonne gold mill feed grade for March; average 9.1 grams per tonne gold mill feed grade for the quarter. Download our actionable research report on PVG at: www.wallstequities.com/registration/?symbol=PVG
Rio Tinto
London, the UK headquartered Rio Tinto PLC's shares closed the day 3.85% higher at $56.85. The stock recorded a trading volume of 5.28 million shares, which was higher than its three months average volume of 3.35 million shares. The Company's shares have gained 10.13% in the last month, 1.03% over the previous three months, and 47.20% over the past year. The stock is trading 6.51% and 13.69% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Rio Tinto, which explores for, develops, produces, and processes minerals and metals worldwide, have an RSI of 67.27.
On April 18th, 2018, research firm HSBC Securities upgraded the Company's stock rating from 'Hold' to 'Buy'. Register for your free report coverage on RIO at: www.wallstequities.com/registration/?symbol=RIO
Vedanta
Shares in Mumbai, India-based Vedanta Ltd finished 3.02% higher at $18.41. The stock recorded a trading volume of 809,010 shares, which was higher than its three months average volume of 550,510 shares. The Company's shares have advanced 27.49% over the past year. The stock is trading below its 50-day moving average by 3.33%. Furthermore, shares of Vedanta, which engages in exploring, extracting, and processing minerals, and oil and gas in India, have an RSI of 51.23.
On April 10th, 2018, Vedanta announced that it had applied for renewal of consent to operate for its existing Smelter plant at Thoothukudi. The application has been rejected for want of more clarifications. The Company is evaluating further course of action. Additionally, the scheduled maintenance activities, which were supposed to be for a period of approximately 15 days from March 27th, 2018, are now likely to be extended, given the above development. The Company shall update on further developments from time to time. Get the free research report on VEDL at: www.wallstequities.com/registration/?symbol=VEDL
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