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Pre-Market Technical Pulse on Basic Materials Stocks -- Century Aluminum, Alcoa, Arconic, and Seabridge Gold

CENX, AA, HWM, T.SEA

PR Newswire

NEW YORK, August 4, 2017 /PRNewswire/ --

If you want a Stock Review on CENX, AA, ARNC, or SA then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com is currently focused on the Basic Materials economic sector, which consists of companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products. Under review today morning are: Century Aluminum Co. (NASDAQ: CENX), Alcoa Corp. (NYSE: AA), Arconic Inc. (NYSE: ARNC), and Seabridge Gold Inc. (NYSE: SA). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:

http://dailystocktracker.com/register/

Century Aluminum 

Chicago, Illinois headquartered Century Aluminum Co.'s stock finished Thursday's session 20.37% lower at $13.33. A total volume of 12.75 million shares was traded, which was above their three months average volume of 2.14 million shares. The Company's shares have advanced 3.25% in the previous three months and 55.72% since the start of this year. The stock is trading 4.83% above its 200-day moving average. Additionally, shares of Century Aluminum, which together with its subsidiaries, produces primary aluminum in the US and Iceland, have a Relative Strength Index (RSI) of 28.01.

On August 02 nd, 2017, Century Aluminum announced second-quarter 2017 results. Net income for the quarter was $7.1 million, or $0.07 per diluted share; adjusted net income was $0.8 million, or $0.01 per diluted share; and adjusted EBITDA was $34.0 million. Revenue for Q2 2017 was $388.8 million; cash position was $130.7 million; and revolver availability was $135.7 million. CENX complete research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=CENX


Alcoa 

On Thursday, shares in New York-based Alcoa Corp. recorded a trading volume of 2.88 million shares. The stock ended the session 0.51% lower at $37.09. The Company's shares have advanced 9.83% in the last one month, 19.49% in the previous three months, and 32.09% on an YTD basis. The stock is trading 9.88% above its 50-day moving average and 14.29% above its 200-day moving average. Moreover, shares of Alcoa, which produces and sells bauxite, alumina, and aluminum products, have an RSI of 62.29.

On July 19 th, 2017, Alcoa reported second-quarter 2017 results. Net income was $75 million, or $0.40 per share, for the quarter; adjusted net income was $116 million, or $0.62 per share; adjusted EBITDA was $483 million, down 9% sequentially on lower alumina prices; and revenue was $2.9 billion, up 8% sequentially on higher shipments. The Company also had a $954-million cash balance and $1.4 billion of debt for net debt of $0.5 billion, as of June 30 th, 2017. The complimentary report on AA can be downloaded at:


http://dailystocktracker.com/registration/?symbol=AA


Arconic 

New York-based Arconic Inc.'s shares closed the day 1.81% higher at $25.33. The stock recorded a trading volume of 4.90 million shares, which was higher than its three months average volume of 3.95 million shares. The Company's shares have gained 10.18% in the last month and 36.62% on an YTD basis. The stock is trading 4.44% above its 200-day moving average. Additionally, shares of Arconic, which engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide, have an RSI of 52.91.

On July 13 th, 2017, research firm Seaport Global Securities upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $27 per share.

On August 01 st, 2017, Arconic announced that Interim CEO David Hess will present at the Jefferies 2017 Industrials Conference on August 08 th, 2017, at 10:40 a.m. EDT in New York. The presentation will be available through a live audio webcast on the Company's website. Sign up for your complimentary report on ARNC at:

http://dailystocktracker.com/registration/?symbol=ARNC


Seabridge Gold 

Shares in Toronto, Canada-based Seabridge Gold Inc. finished flat at $11.40. The stock recorded a trading volume of 305,565 shares. The Company's shares have advanced 5.07% in the last one month, 14.00% in the previous three months, and 39.88% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.36% and 9.73%, respectively. Furthermore, shares of Seabridge Gold, which together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America, have an RSI of 52.21.

On July 10 th, 2017, Seabridge Gold announced that it has nearly completed the surface sampling and geophysics required to establish drill locations at its 100%-owned Iskut Project in northwestern British Columbia, and that drilling will begin shortly. The focus is on the Quartz Rise target, which emerged from last year's program. Two phases of core-drill testing - totaling 8,500 meters - are planned to evaluate the potential for high-grade, gold concentrations within the untested Quartz Rise lithocap. Download the research report for free on SA at:

http://dailystocktracker.com/registration/?symbol=SA

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SOURCE Chelmsford Park SA



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