NEW YORK, August 8, 2017 /PRNewswire/ --
If you want a Stock Review on FMSA, RIO, TRQ, or VEDL then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com directs investors' attention to the cyclical Industrial Metals and Minerals industry, which includes any mineral or material that is used for construction and industrial purposes. Under observation this morning are the following equities: Fairmount Santrol Holdings Inc. (NYSE: FMSA), Rio Tinto PLC (NYSE: RIO), Turquoise Hill Resources Ltd (NYSE: TRQ), and Vedanta Ltd (NYSE: VEDL). Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:
On Monday, shares in Chesterland, Ohio headquartered Fairmount Santrol Holdings Inc. recorded a trading volume of 3.64 million shares. The stock ended the session 4.36% lower at $2.85. The Company's shares are trading 24.36% below their 50-day moving average. Moreover, shares of Fairmount Santrol, which together with its subsidiaries, provide sand-based proppant solutions for exploration and production companies, have a Relative Strength Index (RSI) of 40.31.
On July 20th, 2017, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'.
On August 03rd, 2017, Fairmount Santrol announced results for Q2 ended June 30th, 2017. Revenues for the quarter were $233.2 million, total Company volumes sold were 3.3 million tons, net income was $10.5 million, and adjusted EBITDA was $47.0 million. As of June 30th, 2017, cash and cash equivalents totaled $178.5 million, and total debt was $796.1 million, resulting in net debt of $617.6 million, representing a quarterly reduction in net debt of $16.9 million. The free research report on FMSA is available at:
London, the UK headquartered Rio Tinto PLC's stock closed the day 2.18% higher at $47.85 with a total trading volume of 2.98 million shares. The Company's shares have advanced 10.00% in the past month, 24.38% in the previous three months, and 24.41% since the start of this year. The stock is trading 12.08% and 17.27% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Rio Tinto, which finds, mines, processes, and markets mineral resources, have an RSI of 67.74.
On August 04th, 2017, Rio Tinto announced that, pursuant to a share purchase agreement between Rio Tinto International Holdings Ltd, Turquoise Hill Resources Ltd, and Mantos Copper (Bermuda) Limited, Rio Tinto Holdings, and Turquoise Hill have agreed to sell, respectively, 7,455,058 common shares and 6,209,699 common shares of Mason Resources Corp. to Mantos Copper at a price of $0.20 per share in cash for an aggregate purchase price of $2,732,952. The complimentary report on RIO can be downloaded at:
Turquoise Hill Resources
Shares in Vancouver, Canada headquartered Turquoise Hill Resources Ltd recorded a trading volume of 10.29 million shares, which was above their three months average volume of 4.20 million shares. The stock ended yesterday's trading session 0.61% lower at $3.26. The Company's shares have advanced 21.64% in the past month, 23.95% in the previous three months, and 0.93% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 17.99% and 5.57%, respectively. Furthermore, shares of Turquoise Hill Resources, which together with its subsidiaries, operates as a mining company, have an RSI of 69.35.
On July 31st, 2017, Turquoise Hill Resources announced its financial results for the quarter ended June 30th, 2017. Net income for Q2 2017 was $23.8 million; cost of sales was $188.9 million; cash generated from operating activities before interest and taxes was $51.5 million; and capital expenditure on property, plant and equipment was $205.2 million on a cash basis. Additionally, the Company's cash and cash equivalents at June 30th, 2017 were approximately $1.4 billion. Visit us today and download our complete research report on TRQ for free at:
Panaji, India-based Vedanta Ltd's stock finished Monday's session 1.10% higher at $18.31 with a total trading volume of 285,645 shares. The Company's shares have advanced 15.37% in the last one month, 31.63% over the previous three months, and 47.42% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 15.91% and 24.46%, respectively. Additionally, shares of Vedanta, which engages in exploring, extracting, and processing minerals, and oil and gas, have an RSI of 75.34.
On July 20th, 2017, Vedanta has been recognized as an "Honored Company" for its Investor Relations program by Institutional Investor magazine in its 2017 All-Asia (ex-Japan) Executive Team rankings. This accolade is awarded only to 4.7% of the total 2,510 companies covered. The Company also ranks among the top three companies in the Basic Materials sector. Get free access to your technical report on VEDL at:
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