NEW YORK, October 17, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com assesses the recent performances of the following four Industrial Metals and Minerals equities: BHP Billiton Ltd (NYSE: BHP), BHP Billiton PLC (NYSE: BBL), Turquoise Hill Resources Ltd (NYSE: TRQ), and Ur-Energy Inc. (NYSE MKT: URG). These companies belong to the Basic Materials sector which was one of the best performing sectors as of midday Friday, October 14, 2016, rising 0.4%. The Materials Select Sector SPDR ETF (XLB) was up 0.5% in midday trading, and up 8.28% on an YTD basis. Sign up today and download for free the research reports for the stocks covered today at:
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BHP Billiton
Melbourne, Australia headquartered BHP Billiton Ltd's shares recorded a trading volume of 2.63 million shares at the close on Friday. The stock finished 0.18% lower at $33.99. The Company's shares have gained 11.15% in the last one month, 13.37% over the previous three months, and 34.75% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.94% and 23.19%, respectively. Furthermore, shares of BHP Billiton Ltd, which discovers, acquires, develops, and markets natural resources worldwide, have a Relative Strength Index (RSI) of 53.72.
On October 12th, 2016, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'.
On October 13th, 2016, BHP Billiton announced that Electranet advised that the final line had been re-energized, enabling full power to be restored at Olympic Dam. The company stated that while some work continued in underground operations during the power outage, the focus now is to safely transition its surface operations from a period of care and maintenance back into full production. Production impacts will be provided in the Operational Review for the September 2016 quarter, scheduled for release on 19th October, 2016. BHP complete research report is just a click away at:
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BHP Billiton PLC
Last Friday, London, the UK-based BHP Billiton PLC's stock recorded a trading volume of 2.14 million shares, and ended the session 0.34% higher at $29.55. The Company's shares have surged 10.26% in the last one month, 14.01% over the previous three months, and 33.66% on an YTD basis. The stock is trading 5.80% above its 50-day moving average and 22.28% above its 200-day moving average. Moreover, shares of BHP Billiton, which together with its subsidiaries, operates as a resources company that discovers, acquires, develops, and markets natural resources worldwide, have an RSI of 52.27. The complimentary report on BBL can be downloaded at:
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Turquoise Hill Resources
Vancouver, Canada headquartered Turquoise Hill Resources Ltd's stock ended the day 2.74% higher at $3.00. A total volume of 2.31 million shares was traded, which was above their three months average volume of 2.25 million shares. The Company's shares have gained 2.04% in the last month and 18.11% on an YTD basis. The stock is trading 6.92% above its 200-day moving average. Additionally, shares of Turquoise Hill Resources, together with its subsidiaries, operates as a mining company, have an RSI of 51.73.
On September 22nd, 2016, the company announced that it has disposed of 375,000 common shares of SouthGobi Resources Ltd on September 22nd, 2016 at an average price of CDN$0.2780 per share. Immediately following the Transaction, Turquoise Hill beneficially owns or controls 25,562,868 Shares, representing approximately 9.9198% of SouthGobi's issued and outstanding common shares. Turquoise Hill may in the future further decrease its investment in SouthGobi. Sign up for your complimentary report on TRQ at:
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Ur-Energy
Shares in Littleton, Colorado headquartered UR-Energy Inc. recorded a trading volume of 219,384 shares, and ended Friday's session 3.55% higher at $0.49. The stock is trading below its 50-day moving average by 7.01%. Shares of the Company, which engages in the acquisition, exploration, development, and operation of uranium mineral properties, have an RSI of 44.93.
On October 13th, 2016, Ur-Energy provided update on operational results for Q3 2016 and announced that it will release its Q3 2016 final results on October 28th, 2016. The company stated that for Q3 2016, 141,774 pounds of U3O8 were captured within the Lost Creek plant. 145,893 pounds of U3O8 were packaged in drums and 149,540 pounds of drummed U3O8 inventory were shipped out of the Lost Creek processing plant. At September 30th, 2016, inventory at the conversion facility was approximately 84,808 pounds of U3O8. During Q3 2016, sales totaled $9.5 million with contract sales of 200,000 pounds at an average price of $47.36 per pound. The Company will also recognize $2.6 million of deferred revenue from the first half of the assignment transaction that was completed in 2016 Q1. Production rates at Lost Creek during the quarter were within the projected level of 140,000 to 170,000 dried and drummed pounds. Download the research report for free on URG at:
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