3 Basic Materials Stocks On The Rise
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 86 points (-0.5%) at 18,509 as of Thursday, July 21, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,295 issues advancing vs. 1,607 declining with 160 unchanged.
The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the sector include
(
), up 8.2%,
(
), up 6.5%,
(
), up 5.8%,
Companhia Siderurgica Nacional
(
), up 5.0% and
(
), up 4.2%. On the negative front, top decliners within the sector include
(
), down 4.0%,
(
), down 2.8%,
(
), down 2.2%,
(
), down 2.0% and
(
), down 1.5%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Randgold Resources is up $2.39 (2.1%) to $115.42 on average volume. Thus far, 497,463 shares of Randgold Resources exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $113.05-$115.80 after having opened the day at $113.49 as compared to the previous trading day's close of $113.03.
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Randgold Resources Limited explores for and develops gold deposits in Sub-Saharan Africa. Randgold Resources has a market cap of $11.0 billion and is part of the metals & mining industry. Shares are up 82.5% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Randgold Resources a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Randgold Resources
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Randgold Resources Ratings Report
now.
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2. As of noon trading,
(
) is up $1.12 (2.1%) to $53.37 on average volume. Thus far, 1.1 million shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $52.05-$53.62 after having opened the day at $52.45 as compared to the previous trading day's close of $52.25.
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Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. Agnico Eagle Mines has a market cap of $12.3 billion and is part of the metals & mining industry. Shares are up 98.8% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Agnico Eagle Mines
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full
Agnico Eagle Mines Ratings Report
now.
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1. As of noon trading,
(
) is up $0.12 (2.3%) to $5.29 on average volume. Thus far, 19.7 million shares of Vale exchanged hands as compared to its average daily volume of 29.2 million shares. The stock has ranged in price between $5.22-$5.43 after having opened the day at $5.27 as compared to the previous trading day's close of $5.17.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, gold, silver, and cobalt, as well as raw materials for steelmaking in Brazil and internationally. Vale has a market cap of $27.3 billion and is part of the metals & mining industry. Shares are up 57.1% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Vale a buy, 3 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Vale
as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).