NEW YORK, December 1, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com presents four Basic Materials equities for review: Freeport-McMoRan Inc. (NYSE: FCX), Century Aluminum Co. (NASDAQ: CENX), Southern Copper Corp. (NYSE: SCCO), and Nevsun Resources Ltd (NYSE MKT: NSU). Last week, Goldman Sachs upgraded its outlook on the sector to "Overweight" - the first time in four years. According to analysts, commodities as a sector could jump 9% over the next three months, and prices for oil, coal, iron ore, nickel, and zinc are all likely to increase. You can access of our complimentary research reports on these stocks now at:
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Freeport-McMoRan
At the close on Wednesday, shares in Phoenix, Arizona headquartered Freeport-McMoRan Inc. rose 2.54%, ending the day at $15.35. The stock recorded a trading volume of 41.69 million shares, which was above its three months average volume of 33.36 million shares. The Company's shares have advanced 37.30% in the last one month, 49.17% in the previous three months, and 126.74% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 32.31% and 38.82%, respectively. Moreover, shares of Freeport-McMoRan, which acquires, explores, and develops mineral assets, and oil and natural gas resources, have a Relative Strength Index (RSI) of 68.91.
On November 29th, 2016, Freeport-McMoRan announced that it has commenced offers to eligible holders to exchange any and all of the outstanding senior notes issued by Freeport-McMoRan Oil & Gas LLC, FCX Oil & Gas LLC and FMSTP Inc., as co-issuers, and guaranteed by Freeport-McMoRan for (1) new senior notes to be issued by Freeport-McMoRan and guaranteed by FM O&G and (2) cash. The exchange offers will expire at 11:59 p.m. ET, on December 27th, 2016, unless extended.
Yesterday, research firm Berenberg downgraded the Company's stock rating from 'Hold' to 'Sell'. Visit us today and download your complete report on FCX for free at:
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Century Aluminum
Shares in Chicago, Illinois headquartered Century Aluminum Co. ended the day 0.33% higher at $9.22. A total volume of 2.51 million shares was traded, which was above their three months average volume of 1.85 million shares. The stock has surged 26.13% in the past month, 46.82% over the previous three months, and 108.60% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 17.03% and 27.85%, respectively. Furthermore, shares of Century Aluminum, which together with its subsidiaries, produces primary aluminum in the US and Iceland, have an RSI of 53.87.
On November 18th, 2016, Century Aluminum announced that Rick T. Dillon will be leaving the Company in order to pursue another opportunity. Mr. Dillon joined the Company in June 2014 as Executive Vice President and CFO. The effective date of Mr. Dillon's resignation will be December 2nd, 2016. The Company announced that upon Mr. Dillon's resignation, 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 accessed at:
http://stock-callers.com/registration/?symbol=CENX
Southern Copper
On Wednesday, shares in Phoenix, Arizona-based Southern Copper Corp. finished 1.58% higher at $32.83. A total volume of 1.51 million shares was traded, which was above their three months average volume of 1.11 million shares. The stock has advanced 15.85% in the last one month, 27.38% over the previous three months, and 26.54% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 15.60% and 21.56%, respectively. Additionally, shares of Southern Copper, which engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador, have an RSI of 63.29. Register for free on Stock-Callers.com and download the PDF research report on SCCO at:
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Nevsun Resources
Vancouver, Canada headquartered Nevsun Resources Ltd's shares recorded a trading volume of 1.06 million shares at the end of yesterday's session, which was higher than their three months average volume of 777,190 shares. The stock closed the day 2.22% higher at $3.22. The Company's shares have advanced 10.65% in the last one month, 3.88% in the previous three months, and 23.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.71% and 3.12%, respectively. Additionally, shares of Nevsun Resources, which engages in the acquisition, exploration, development, and operation of mineral properties in Africa, have an RSI of 60.75.
On November 22nd, 2016, Nevsun Resources announced new assay results from drilling of the Lower Zone at the Company's Timok copper-gold project. The Lower Zone consists of porphyry-type mineralization characterized by chalcopyrite-pyrite and occasional bornite and molybdenite occurring as disseminations and within quartz and quartz-magnetite stockwork veinlets. The Timok Copper-Gold Project is located in eastern Serbia near the Bor mining and smelting complex. Get free access to your research report on NSU at:
http://stock-callers.com/registration/?symbol=NSU
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