Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Basic Materials Stocks Under Review -- Arconic, Century Aluminum, Primero Mining, and Sibanye Gold

CENX, HWM

PR Newswire

NEW YORK, January 9, 2017 /PRNewswire/ --

Stock-Callers.com puts focus on the Basic Materials sector to see how some stocks are faring. Equities in this morning's lineup are: Arconic Inc. (NYSE: ARNC), Century Aluminum Co. (NASDAQ: CENX), Primero Mining Corp. (NYSE: PPP), and Sibanye Gold Ltd (NYSE: SBGL). According to an article on Market Realist, the Materials sector showed improved performance and provided impressive returns in 2016, due mainly to the reversals of various commodity prices. The Materials Select Sector SPDR ETF (XLB), which tracks the performance of the materials sector, rose 16.8% last year. Learn more about these stocks by downloading their free research reports in PDF format at:

http://stock-callers.com/registration

Arconic

New York-based Arconic Inc.'s shares finished Friday's session 2.64% higher at $20.63 with a total trading volume of 5.53 million shares. The stock has gained 1.53% in the last month and 11.27% on an YTD basis. The Company's shares are trading above their 50-day moving average by 4.53%. Moreover, shares of Arconic, which develops, manufactures, and sells engineered products and solutions for the aerospace, industrial gas turbine, commercial transportation, and oil and gas markets worldwide, have a Relative Strength Index (RSI) of 61.17.

On December 30th, 2016, Arconic announced that it has completed the previously indicated early redemption of all of its 5.55% Notes due 2017 in the aggregate principal amount of $750,000,000. Holders of the Notes were paid $1,004.27 per $1,000.00 aggregate principal amount of the Notes, or an aggregate of $753.2 million, plus accrued and unpaid interest up to, but not including, the redemption date. Arconic stated that this redemption is a component of the Company's de-leveraging program. Sign up and read the free research report on ARNC at:

http://stock-callers.com/registration/?symbol=ARNC


Century Aluminum

Shares in Illinois headquartered Century Aluminum Co. ended the day 3.23% lower at $8.98 with a total trading volume of 1.08 million shares. The stock has advanced 23.35% in the previous three months and 4.91% since the start of this year. The Company's shares are trading 0.12% and 20.19% above their 50-day and 200-day moving averages, respectively. Moreover, shares of Century Aluminum, which together with its subsidiaries, produces primary aluminum in the US and Iceland, have an RSI of 51.17.

On November 18th, 2016, Century Aluminum announced that Rick T. Dillon will be leaving the Company in order to pursue another opportunity. The effective date of Mr. Dillon's resignation was December 02nd, 2016. The Company announced that Michael Bless, the Company's President and CEO, will assume the responsibilities of principal financial officer until the Board of Directors selects Mr. Dillon's replacement. The complimentary research report on CENX can be downloaded at:


http://stock-callers.com/registration/?symbol=CENX


Primero Mining

Canada-based Primero Mining Corp.'s stock dropped 4.65%, closing the session at $0.81. A total volume of 2.14 million shares was traded, which was above their three months average volume of 2.09 million shares. The Company's shares have gained 2.35% on an YTD basis. The stock is trading 15.43% below its 50-day moving average. Additionally, shares of Primero Mining, which engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico, have an RSI of 42.59.

On November 09th, 2016, Primero announced Q3 2016 total production of 44,684 gold equivalent ounces, comprising of 22,162 ounces of gold and 1.37 million ounces of silver from San Dimas, and 16,230 ounces of gold from Black Fox, 10% lower than the 49,499 gold equivalent ounces produced in Q2 2016. The Company realized a net loss of $11.7 million or $0.06 per share and adjusted net loss of $8.1 million or $0.04 per share in Q3 2016. The Company generated Q3 2016 operating cash flow before working capital changes of $5.5 million or $0.03 per share. Register for free on Stock-Callers.com and access the latest report on PPP at:

http://stock-callers.com/registration/?symbol=PPP


Sibanye Gold

On Friday, shares in South Africa-based Sibanye Gold Ltd finished the session 5.93% lower at $7.77. A total volume of 2.63 million shares was traded, which was above their three months average volume of 1.93 shares. The stock has gained 10.06% on an YTD basis. The Company's shares are trading below their 50-day moving average by 12.30%. Furthermore, shares of Sibanye Gold, which owns and operates underground and surface gold operations in South Africa, have an RSI of 49.37.

On December 09th, 2016, Sibanye announced that it will acquire Stillwater Mining Company for $18.00 per share in cash representing an aggregate enterprise value of $2.2 billion. The $18.00 per share transaction price represents a 61% premium to Stillwater's volume-weighted average share price over the 52 weeks prior to the announcement of the transaction, a 25% premium to its volume-weighted share price over the 30 trading days prior to the announcement and a 23% premium to its closing share price on December 08th, 2016. Get free access to your research report on SBGL at:

http://stock-callers.com/registration/?symbol=SBGL

--

Stock Callers:

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/


CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Chelmsford Park SA

Tags:


Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today