Research Report Coverage on Metals & Minerals Stocks -- U.S. Silica, Cameco, Golden Minerals, and Ferroglobe
NEW YORK, August 18, 2016 /PRNewswire/ --
This morning, Stock-Callers.com looks at Industrial Metals and Minerals which includes any mineral or material used for construction and industrial purposes. Industry growth is driven by economic demands and global economic conditions. To review are U.S. Silica Holdings Inc. (NYSE: SLCA), Cameco Corp. (NYSE: CCJ), Golden Minerals Co. (NYSE MKT: AUMN), and Ferroglobe PLC (NASDAQ: GSM). These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
U.S. Silica Holdings
Frederick, Maryland headquartered U.S. Silica Holdings Inc.'s stock recorded a trading volume of 1.25 million shares and finished Wednesday's session 1.31% higher at $41.04. The Company's shares have gained 16.16% in the last one month, 58.26% over the previous three months, and 120.23% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 17.07% and 67.73%, respectively. Furthermore, shares of U.S. Silica Holdings, which produces and sells commercial silica in the US, have a Relative Strength Index (RSI) of 67.46.
On August 10th, 2016, research firm Barclays initiated an 'Overweight' rating on the Company's stock, issuing a target price of $50 per share.
On August 17th, 2016, U.S. Silica announced that it has completed the acquisition of the NBR Sand unit of New Birmingham, Inc., a leading regional sand mining company based in Tyler, Texas. The low-cost, state-of-the-art facility has annual capacity of just over two million tons and produces 40/70 Mesh and 100 Mesh Silica Sand used in hydraulic fracturing. Your complete research report on SLCA can be retrieved for free at:
http://stock-callers.com/registration/?symbol=SLCA
Cameco
On Wednesday, Saskatoon, Canada headquartered Cameco Corp.'s stock recorded a trading volume of 1.39 million shares and ended the session at 0.62% lower at $9.61. Shares of the Company, which produces and sells uranium worldwide, are trading 8.85% below their 50-day moving average. The stock has an RSI of 41.32.
On July 28th, 2016, Cameco reported that net losses attributable to equity holders in Q2 2016 were $137 million (losses of $0.35 per share diluted) compared to net earnings of $88 million ($0.22 per share diluted) in Q2 2015. The company noted that Production volumes in the reported quarter were 30% higher compared to Q2 2015, mainly due to higher production from Cigar Lake, Inkai, and Rabbit Lake.
On August 10th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $17 a share to $15 a share. CCJ free report is just a click away at:
http://stock-callers.com/registration/?symbol=CCJ
Golden Minerals
Golden, Colorado headquartered Golden Minerals Co.'s shares ended the day 6.96% lower at $0.77. The stock recorded a trading volume of 1.03 million shares, which was above its three months average volume of 987,760 shares. The Company's shares have surged 60.40% in the previous three months and 284.76% on an YTD basis. The stock is trading 63.78% above its 200-day moving average. Additionally, shares of Golden Minerals, which engages in mining, construction, and exploration of mineral properties, have an RSI of 40.13.
On August 11th, 2016, Golden Minerals reported a net loss of $3.9 million in Q2 2016 compared to a net loss of $3.9 million in Q2 2015. The 2016 net loss includes $1.2 million of non-cash derivative losses related to the company's warrants and convertible loan. The 2015 net loss of $3.9 million included non-cash derivative income of $0.2 million related to the company's warrants. Revenue of $1.6 million in Q2 2016, which is wholly related to the lease of the Company's oxide plant, was lower than revenue of $2.0 million in Q2 2015 which was generated from mining and processing activities at Golden Minerals' Velardena Properties. Sign up for your complimentary research report on AUMN at:
http://stock-callers.com/registration/?symbol=AUMN
Ferroglobe
Shares in London, the UK headquartered Ferroglobe PLC recorded a trading volume of 644,425 shares. The stock ended the session 0.73% higher at $9.72. The Company's shares have gained 13.21% in the last month and 13.60% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 10.35% and 6.23%, respectively. Furthermore, shares of Ferroglobe, which operates in the silicon and specialty metals industry in the US, Europe, and internationally, have an RSI of 60.87.
On August 3rd, 2016, Ferroglobe announced that its Board of Directors declared a quarterly dividend of $0.08 per share payable on September 28th, 2016 to shareholders of record at the close of business on September 14th, 2016. Register for free on Stock-Callers.com and download the latest research report on GSM at:
http://stock-callers.com/registration/?symbol=GSM
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