This Morning's Research Reports on Stocks to Monitor-- Nevsun Resources, Freeport-McMoRan, Southern Copper, and McEwen Mining
NEW YORK, November 27, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information WallStEquities.com has issued free tailored Stock Review on NSU, FCX, SCCO, and MUX which is a click away at http://www.wallstequities.com/registration. Featured on WallStEquities.com is the Basic Materials sector, which comprises companies that manufacture chemicals, building materials, and paper products. This sector also includes companies that are engaged in commodities exploration and processing. This morning, the following four equities are under the radar: Nevsun Resources Ltd (NYSE AMER: NSU), Freeport-McMoRan Inc. (NYSE: FCX), Southern Copper Corp. (NYSE: SCCO), and McEwen Mining Inc. (NYSE: MUX). Wall St. Equities' downloadable free reports on these stocks are available at: http://www.wallstequities.com/registration
Nevsun Resources
Last Friday, shares in Vancouver, Canada headquartered Nevsun Resources Ltd ended the session 1.25% higher at $2.43. The stock recorded a trading volume of 340,913 shares. The Company's shares have advanced 17.39% in the last one month and 7.52% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 6.15% and 0.94%, respectively. Furthermore, shares of Nevsun Resources, which engages in the acquisition, exploration, development, and operation of mineral properties in Africa, have a Relative Strength Index (RSI) of 59.02.
On November 13th, 2017, research firm Macquarie upgraded the Company's stock rating from 'Neutral' to 'Outperform'. The free report on NSU can be accessed at: http://www.wallstequities.com/registration/?symbol=NSU
Freeport-McMoRan
Phoenix, Arizona headquartered Freeport-McMoRan Inc.'s stock finished 0.77% higher at $14.35 with a total trading volume of 6.14 million shares. The Company's shares have gained 8.79% on an YTD basis. The stock is trading above its 200-day moving average by 6.99%. Moreover, shares of Freeport-McMoRan, which engages in the mining of mineral properties in the US, Indonesia, Peru, and Chile, have an RSI of 52.56.
On November 09th, 2017, Freeport-McMoRan (FCX) announced that notices have been issued to redeem on December 11th, 2017, $617 million aggregate principal amount of FCX and Freeport-McMoRan Oil & Gas LLC senior notes. The aggregate cash interest cost savings would approximate $40 million per annum. FCX expects to record a gain to net income of approximately $15 million in Q4 2017 in connection with the redemptions. Download our actionable research report on FCX at: http://www.wallstequities.com/registration/?symbol=FCX
Southern Copper
Shares in Phoenix, Arizona-based Southern Copper Corp. closed the day 0.73% higher at $44.13. The stock recorded a trading volume of 204,855 shares. The Company's shares have gained 1.10% in the last month, 8.37% over the previous three months, and 38.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.90% and 15.94%, respectively. Moreover, 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 62.56.
On November 03rd, 2017, research firm Cowen reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $39 a share to $48 a share. Register for your free report coverage on SCCO at: http://www.wallstequities.com/registration/?symbol=SCCO
McEwen Mining
Toronto, Canada headquartered McEwen Mining Inc.'s shares recorded a trading volume of 1.20 million shares last Friday. The stock closed 1.46% lower at $2.02. The Company's shares have advanced 1.51% in the past month. The stock is trading 1.01% below its 50-day moving average. Additionally, shares of McEwen Mining, which explores for, develops, produces, and sells gold, silver, and copper ores in Argentina, Mexico, and the US, have an RSI of 54.90.
On November 08th, 2017, McEwen Mining announced that it has received the signed Record of Decision on the Final Environmental Impact Statement for the Gold Bar Project in Eureka County, Nevada. Construction of the Gold Bar Project will begin immediately. Get the free research report on MUX at: http://www.wallstequities.com/registration/?symbol=MUX
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