Metals & Minerals Stocks Under Review -- Teck Resources, Fairmount Santrol, Rio Tinto, and Cameco
NEW YORK, January 24, 2017 /PRNewswire/ --
The Industrial Metals and Minerals industry is dedicated to the location and extraction of metal and mineral reserves around the world. Global reserves of metals and minerals are mined for profit and then used in jewelry making, industrial applications, and investments. Pre-market, Stock-Callers.com recalls the performances of these four stocks: Teck Resources Ltd (NYSE: TECK), Fairmount Santrol Holdings Inc. (NYSE: FMSA), Rio Tinto PLC (NYSE: RIO), and Cameco Corp. (NYSE: CCJ). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Teck Resources
At the close on Monday, shares in Vancouver, Canada-based Teck Resources Ltd rose 2.33%, ending the day at $24.13. The stock recorded a trading volume of 4.26 million shares. The Company's shares have advanced 12.08% in the last one month, 18.89% in the previous three months, and 20.47% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.59% and 46.15%, respectively. Moreover, shares of Teck Resources, which explores, develops, and produces natural resources in the Americas, Asia/ Pacific, and Europe, have a Relative Strength Index (RSI) of 60.21.
On January 23rd, 2017, Teck Resources announced that its President and CEO, Don Lindsay, will be speaking at the CIBC Whistler Institutional Investor Conference on January 26th, 2017 at 11:00 a.m. ET. The discussion may include information on company strategy, financial performance, and outlook for the Company's business units.
Yesterday, research firm FBR & Co. upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Sign up and read the free research report on TECK at:
http://stock-callers.com/registration/?symbol=TECK
Fairmount Santrol
Shares in Chesterland, Ohio headquartered Fairmount Santrol Holdings Inc. ended the day 2.22% lower at $12.31 with a total trading volume of 1.91 million shares. The stock has gained 18.02% in the past month, 30.82% over the previous three months, and 4.41% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 21.14% and 61.84%, respectively. Furthermore, shares of Fairmount Santrol Holdings, which together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies to enhance the productivity of their oil and gas wells, have an RSI of 65.75.
On January 09th, 2017, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight' while revising its previous target price from $10 a share to $15 a share.
On January 18th, 2017, Fairmount Santrol announced an extension to Propel SSP proppant transport technology, which increases hydraulic fracturing efficiency, for plays where operators face high produced water disposal costs and constraints on freshwater availability. The complimentary research report on FMSA can be downloaded at:
http://stock-callers.com/registration/?symbol=FMSA
Rio Tinto
On Monday, shares in London, the UK headquartered Rio Tinto PLC finished 2.05% higher at $43.81 with a total trading volume of 2.80 million shares. The stock has advanced 12.10% in the last one month, 35.13% over the previous three months, and 13.91% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 10.99% and 31.83%, respectively. Additionally, shares of Rio Tinto, which finds, mines, and processes mineral resources, have an RSI of 72.29.
On January 17th, 2017, Rio Tinto announced that in 2016 Pilbara iron ore shipments were 327.6 million tonnes, 3% higher than 2015. The Company reported record bauxite production of 47.7 million tonnes for 2016, which exceeded full year guidance of 47 million tonnes. Rio Tinto's Mined copper production was 4% higher than 2015 at 523 thousand tonnes. Register for free on Stock-Callers.com and access the latest report on RIO at:
http://stock-callers.com/registration/?symbol=RIO
Cameco
Saskatoon, Canada headquartered Cameco Corp.'s shares recorded a trading volume of 2.98 million shares at the end of yesterday's session. The stock closed the day 2.90% higher at $12.08. The Company's shares have advanced 13.48% in the last one month, 49.82% over the previous three months, and 15.38% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 18.40% and 19.77%, respectively. Additionally, shares of Cameco, which produces and sells uranium worldwide, have an RSI of 58.11.
On January 12th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On January 17th, 2017, Cameco announced that during 2016 it delivered 31.5 million pounds of uranium at an average realized price of $54.46 per pound. The Company expects to report an IFRS net loss for 2016 due in part to asset impairments resulting from fair market value assessments at year end. Cameco announced that its workforce at the McArthur River, Key Lake and Cigar Lake operations is expected to be reduced by approximately 10% to be completed by end of May 2017. Get free access to your research report on CCJ at:
http://stock-callers.com/registration/?symbol=CCJ
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