Greenlight Capital, an investment management firm, published its "Global Growth Fund" second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of -2.9% was recorded by the fund for the second quarter of 2021, compared to 8.5% for its e S&P 500 benchmark. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.

In the Q2 2021 investor letter of Greenlight Capital, the fund mentioned Teck Resources Limited (NYSE: TECK), and discussed its stance on the firm. Teck Resources Limited is a Vancouver, Canada-based mining company, that currently has an $12.1 billion market capitalization. TECK delivered a 25.84% return since the beginning of the year, extending its 12-month returns to 125.47%. The stock closed at $22.84 per share on July 30, 2021.

Here is what Greenlight Capital has to say about Teck Resources Limited in its Q2 2021 investor letter:

Mark Agnor/Shutterstock.com

Based on our calculations, Teck Resources Limited (NYSE: TECK) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. TECK was in 30 hedge fund portfolios at the end of the first quarter of 2021, compared to 31 funds in the fourth quarter of 2020. Teck Resources Limited (NYSE: TECK) delivered a 7.89% return in the past 3 months.

Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, pet market is growing at a 7% annual rate and is expected to reach $110 billion in 2021. So, we are checking out the 5 best stocks for animal lovers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.

Disclosure: None. This article is originally published at Insider Monkey.

A few chemical companies are lined up to report their quarterly numbers tomorrow. An upswing in end-market demand from the coronavirus-induced downturn is likely to have aided the performance of chemical companies in the second quarter.

The chemical industry bore the brunt of demand shocks for much of the first half of last year as global industrial activities were put to a halt amid the pandemic. Containment measures by governments across the globe to stem the spread of infection paralyzed industrial activities and gutted demand for chemicals across the major end-use markets such as construction, automotive and electronics.

Notably, disruptions associated with the pandemic hurt chemical demand in China, a major consumer, as industrial activities in the country took a blow due to lockdown restrictions. Moreover, a slowdown in industrial and manufacturing activities due to lockdowns affected the demand for chemicals in North America and Europe.

However, the chemical industry has bounced back strongly from the virus-led slowdown on an uptick in demand in the key markets, a strong economic rebound in China and the reopening of the major economies around the world. Demand for chemicals started to pick up in the September quarter last year with a rebound in global economic activities. The upturn in demand is being driven by an upswing in manufacturing and industrial activities globally. The recovery gained further momentum during the first half of 2021.

A rebound in the major markets is likely to have spruced up demand for chemicals in the second quarter. Higher industrial demand is expected to have boosted sales volumes and the top line of chemical companies in the quarter.

However, chemical companies’ second-quarter results are expected to reflect some impact of raw material cost inflation as well as higher supply chain and logistics costs partly due to the lingering impacts from the devastating winter storm in the U.S. Gulf Coast. Extreme weather across Texas and Louisiana, and power outages disrupted the supply of feedstocks.

Nevertheless, the benefits of strategic measures, including cost management and productivity improvement, acquisitions, and actions to raise selling prices to counter cost inflation, might reflect on the second-quarter results of the companies in this space.

Per the Zacks industry classification, the chemical industry falls under the broader Basic Materials sector. Basic Materials is among those sectors that are expected to deliver positive earnings growth in the second quarter. Overall earnings for the sector are projected to rise 270.3% on 46.2% higher revenues, per the latest Earnings Trends. The projections reflect an improvement from an 80.4% rise in earnings on a 12.2% increase in revenues that was witnessed in the first quarter.

We take a look at four chemical companies that are gearing up to report their second-quarter results on Aug 3.

DuPont de Nemours, Inc. DD will report earnings numbers before the bell. Our proven model predicts an earnings beat for the company this time around. This is because it has an Earnings ESP of +3.81% and a Zacks Rank #3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The Zacks Consensus Estimate for revenues for the second quarter is currently pinned at $4,003 million, suggesting an expected year-over-year decline of 17.1%. The consensus estimate for earnings is 94 cents.

The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of around 13.6%, on average.

Benefits of cost-savings and productivity actions are expected to get reflected on DuPont’s results. The company is also expected to have benefited, in the second quarter, from strong demand in semiconductor technologies and smartphones. Higher demand in the water solutions, automotive and residential construction markets is also likely to have supported its performance. (Read more: DuPont Warms Up to Q2 Earnings: What's in the Offing?)

DuPont de Nemours, Inc. Price and EPS Surprise

DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote

FMC Corporation FMC will report results after the closing bell. Our proven model does not conclusively predict an earnings beat for the company. This is because it has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for FMC’s second-quarter sales is currently pegged at $1,228 million, which suggests a 6.3% rise year over year. The consensus estimate for earnings is $1.77.

The company beat the Zacks Consensus Estimate for earnings in each of the last four quarters. It has a trailing four-quarter earnings surprise of 4.4%, on average.

Healthy demand and new product launches are likely to have supported the company’s performance in the second quarter. However, the company’s results are likely to have been affected by higher supply-chain and input costs. (Read more: FMC Corp to Post Q2 Earnings: What's in the Cards?)

FMC Corporation Price and EPS Surprise

FMC Corporation price-eps-surprise | FMC Corporation Quote

Westlake Chemical Company WLK will report earnings numbers before the bell. Our proven model predicts an earnings beat for the company this time around. This is because it has an Earnings ESP of +1.50% and a Zacks Rank #1.

The Zacks Consensus Estimate for Westlake Chemical’s second-quarter revenues is currently pinned at $2,467 million, which indicates a 44.4% year-over-year increase. The consensus estimate for earnings is $3.80.

Westlake Chemical beat the Zacks Consensus Estimate for earnings in all the last four quarters. The company has a trailing-four quarter earnings surprise of 319.6%, on average.

The company’s earnings are likely to have benefited from higher demand for polyethylene, polyvinyl chloride resin and downstream building products on strong markets for the downstream uses of its products, including residential construction, packaging and healthcare. It is expected to have gained from higher demand in its polyethylene business in specialty applications, especially food packaging. (Read more: Westlake Chemical to Post Q2 Earnings: What's in Store?)

Westlake Chemical Corporation Price and EPS Surprise

Westlake Chemical Corporation price-eps-surprise | Westlake Chemical Corporation Quote

Quaker Chemical Corporation KWR will report results after the closing bell. Our proven model does not conclusively predict an earnings beat for the company. This is because it has an Earnings ESP of +0.22% and a Zacks Rank #4 (Sell).

The Zacks Consensus Estimate for second-quarter sales for Quaker Chemical is currently pegged at $391 million, which suggests a 36.7% rise year over year. The consensus estimate for earnings is $1.50.

The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 54.2%.

Benefits of cost-saving actions, contributions of acquisitions, healthy end-market demand and price increase initiatives are likely to reflect on its results. However, higher raw material prices are likely to have affected its second-quarter performance.

Quaker Chemical Corporation Price and EPS Surprise

Quaker Chemical Corporation price-eps-surprise | Quaker Chemical Corporation Quote

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Westlake Chemical Corporation (WLK) : Free Stock Analysis Report

DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report

FMC Corporation (FMC) : Free Stock Analysis Report

Quaker Chemical Corporation (KWR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

VANCOUVER, BC / ACCESSWIRE / August 2, 2021 / Tier One Silver (TSXV:TSLV)(OTCQB:TSLVF) ("Tier One" or the "Company") is pleased to announce that its common shares commence trading today on the OTCQB Venture Market (the 'OTCQB') in the United States operated by the OTC Markets Group Inc. under the symbol 'TSLVF'. The Company's common shares continue to trade on the TSX Venture Exchange under the symbol 'TSLV'.

The Company continues to be eligible for the book-entry delivery and depository services of the Depository Trust Company (the 'DTC') to facilitate electronic settlement of transfers of its common shares in the United States. DTC eligibility helps to enhance the Company's potential investor base and offer a more convenient trading experience for current and future shareholders.

U.S. investors can find current financial disclosure and real-time Level 2 quotes for the Company on www.otcmarkets.com/stock/TSLVF/overview.

A Message from Peter Dembicki, President, CEO & Director:

"We are excited to increase our accessibility for our investors in the United States and globally with the trading of Tier One Silver shares on the OTCQB as we look forward to the first drill results from our Curibaya project in southern Peru."

The OTCQB Venture offers investors transparent trading for entrepreneurial and development stage U.S. and international companies that may not yet qualify for OTCQX. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB Venture quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.

DTC is the largest securities depository in the world and facilitates electronic settlement of stock transfers in the U.S. The shares of the Company, trading under the symbol 'TSLVF' in the U.S., are eligible to be electronically cleared and settled through the DTC and are therefore considered 'DTC eligible'.

ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.

Peter Dembicki
President, CEO and Director

For further information on Tier One Silver Inc., please contact Natasha Frakes, Vice President of Communications at (778) 729-0600 or info@tieronesilver.com.

About Tier One

Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The Company's management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. The Company's exploration assets in Peru include: Hurricane Silver, Emilia, Coastal Batholith, Corisur and the flagship project, Curibaya, which has commenced its first drill program. For more information, visit www.tieronesilver.com.

Forward Looking Information and General Cautionary Language

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements regarding the Company's exploration plans.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Tier One Silver Inc.

View source version on accesswire.com:
https://www.accesswire.com/657924/Tier-One-Silver-Commences-Trading-on-the-OTCQB-Market-Under-Symbol-TSLVF

VANCOUVER, BC, Aug. 2, 2021 /CNW/ – John Barakso announced today that, as a result of the previously announced private placement financing of Finlay Minerals Ltd. ("Finlay") that closed on July 9, 2021 (the "Financing"), his subsequent exercise of stock options to acquire 350,000 common shares of Finlay ("Shares") on July 13, 2021 for an aggregate exercise price of $17,500 and, indirectly through Baril Developments Ltd., a private company controlled by Mr. Barakso ("Baril"), his acquisition of 1,358,332 Shares on July 31, 2021 pursuant to the exercise of share purchase warrants for an aggregate exercise price of $135,833.20, Mr. Barakso's holdings were reduced on a fully-diluted basis from 60.30% prior to the Financing to 41.30%.

Mr. Barakso had made no changes to his direct or indirect holdings since his last Early Warning Report, dated December 20, 2019, and did not participate in the Financing. Pursuant to the Financing, Finlay issued 26,444,748 Shares, 26,676,748 warrants and 3,022,646 agent's options. As a result of the Financing, Mr. Barakso's direct and indirect holdings were reduced from 58.30% on a non-diluted basis to 45.42% subsequent to the Financing; Mr. Barakso's direct and indirect holdings were reduced on a fully-diluted basis from 60.30% prior to the financing to 41.30% subsequent to the financing.

Immediately prior to the exercise of the stock options on July 13, 2021, (a) Mr. Barakso, directly and indirectly through Baril, Electrum Resource Corporation, a private company controlled by Mr. Barakso ("Electrum") and the John Barakso Alter Ego Trust, a trust controlled by Mr. Barakso (the "Trust"), held 54,871,753 Shares, representing approximately 45.42% of the then total issued and outstanding Shares on a non-diluted basis; (b) assuming the exercise in full of all of the convertible securities of Finlay held directly or indirectly through Baril, Electrum and the Trust by Mr. Barakso, Mr. Barakso would have held, directly and indirectly, 69,973,835 Shares, representing approximately 41.30% of the then total issued and outstanding Shares of Finlay on a fully-diluted basis.

Immediately following the exercise of warrants on July 31, 2021, (a) Mr. Barakso holds, directly and indirectly through Baril, Electrum and the Trust, 56,580,085 Shares, representing approximately 45.99% of the total issued and outstanding Shares on a non-diluted basis; (b) assuming the exercise in full of all of the convertible securities of Finlay held directly or indirectly through Baril, Electrum and the Trust by Mr. Barakso, Mr. Barakso would hold, directly and indirectly, 69,973,835 Shares, representing approximately 41.30% of the total issued and outstanding Shares on a fully-diluted basis; (c) Baril holds 29,436,051 Shares, representing approximately 23.93% of the issued and outstanding Shares on a non-diluted basis; and (d) assuming the exercise in full of all of the convertible securities of Finlay held by Baril, Baril would hold 39,436,051 Shares, representing approximately 23.28% of the total issued and outstanding Shares on a fully-diluted basis.

In the future, Mr. Barakso may, directly or indirectly, acquire additional Shares or other securities of Finlay or dispose of such shares and/or securities subject to a number of factors, including, without limitation, general market and economic conditions and other investment and business opportunities available.

Baril is organized under the laws of the province of British Columbia. Its principal business is that of a holding company. Mr. Barakso and Baril have an address of 920 Leovista Avenue, North Vancouver, BC V7R 1R2.

A copy of the Early Warning Report to which this press release relates can be obtained from Ilona Lindsay at 604-684-3099 or on the SEDAR profile of Finlay Minerals Ltd. at www.sedar.com. Finlay's head office is located at Suite # 615 – 800 West Pender Street, Vancouver, BC V6C 2V6.

SOURCE Finlay Minerals Ltd.

View original content: http://www.newswire.ca/en/releases/archive/August2021/02/c5392.html

(Bloomberg) — The record rally in steel has further to run as U.S. producers vow not to get burned again by ramping up too fast.

Prices for hot-rolled coil futures in the U.S. have surged more than 80% in 2021, the best start to a year in records going back to 2009 and eclipsing gains in other all major commodities. Prices touched an all-time high last week. Despite customer pleas for more metal, steelmakers that paid steep costs to shut down furnaces in the pandemic have yet to announce new plans to build out capacity, focusing instead on generating record profits for shareholders.

The surge in steel, used in everything from cars to washing machines to toasters, is adding to concerns that rising costs could imperil a fragile economic recovery as manufacturers struggle with materials shortfalls and inflation gauges jump. Last month, tractor-maker AGCO Corp. said farmers are slowing purchases amid soaring steel prices, while Siemens Gamesa Renewable Energy SA’s profit warning rippled though shares of Europe’s biggest wind-turbine producers.

“The finance departments have a voice they didn’t used to have, so the industry is more driven for profit than it is for production now,” said Michelle Applebaum, an independent steel consultant who has covered the industry for 40 years. “It’s a real culture change.”

U.S. steel consumption is on pace to be about 104 million tons this year, and about 108 million tons in 2022, according to Bloomberg Intelligence analyst Andrew Cosgrove. With domestic steelmakers only producing about 87 million this year and 91 million next year, and planned capacity coming online by the end of next year to be about 4.6 million tons per annum, customers will continue to compete for available metal.

To make matters more difficult, soaring demand across the rest of the globe from China to Europe means U.S. buyers will be battling for imports too. Meanwhile, U.S. tariffs remain on shipments from abroad, hurting affordability.

Cleveland-Cliffs Inc. Chief Executive Officer Lourenco Goncalves told investors last quarter that he wasn’t going to produce more tons because it will eventually lead to oversupply and cause prices to deteriorate.

“It’s value, it’s not volume,” he said.

To be sure, not everyone sees the metal rallying through the rest of the year. Automotive demand isn’t going to be as big as initially projected, as semiconductor snags have forced the industry to build inventories as they wait to be able to make the vehicles, and the market has basically recovered to pre-pandemic demand levels, according to Keybanc Capital Markets analyst Phil Gibbs.

“The supply-demand imbalance is now marching toward equilibrium: this is the last fever pitch of the tightness,” Gibbs said. “Our view on actual demand is that we believe you’re in a modest oversupply situation. The only reason we’re not seeing it in the price is that mills have reasonably long backlogs they’re working through.”

U.S. steelmakers told investors on second-quarter conference calls that backlogs are at historic highs, and that with demand expected to remain high through 2021, they’ll book record profits again in the third quarter. That outlook is further underpinning the outlook for a further rally in steel.

(Updates with record steel price, profit warnings in second and third paragraphs)

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations

NEW YORK, Aug. 2, 2021 /PRNewswire/ — Virtual Investor Conferences, the leading proprietary investor conference series today announced that the presentations from the July Green Energy & Precious Metals lnvestor Conference are now available for on-demand viewing.

REGISTER OR LOGIN NOW TO VIEW THE PRESENTATIONS: https://bit.ly/37cWBqt

The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the "virtual trade booth" for the next three weeks.

Participating Companies:

To facilitate investor relations scheduling, for more information about the program and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

View original content to download multimedia:https://www.prnewswire.com/news-releases/green-energy–precious-metals-investor-conference-presentations-now-available-for-on-demand-viewing-301345875.html

SOURCE VirtualInvestorConferences.com

The big shareholder groups in Jindalee Resources Limited (ASX:JRL) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.

Jindalee Resources is not a large company by global standards. It has a market capitalization of AU$145m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions own shares in the company. Let's take a closer look to see what the different types of shareholders can tell us about Jindalee Resources.

See our latest analysis for Jindalee Resources

What Does The Institutional Ownership Tell Us About Jindalee Resources?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

Jindalee Resources already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Jindalee Resources' historic earnings and revenue below, but keep in mind there's always more to the story.

Jindalee Resources is not owned by hedge funds. Our data suggests that Lindsay Dudfield, who is also the company's Senior Key Executive, holds the most number of shares at 26%. When an insider holds a sizeable amount of a company's stock, investors consider it as a positive sign because it suggests that insiders are willing to have their wealth tied up in the future of the company. Kale Capital Corporation Limited is the second largest shareholder owning 8.7% of common stock, and Perennial Value Management Limited holds about 6.1% of the company stock.

On further inspection, we found that more than half the company's shares are owned by the top 6 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.

Insider Ownership Of Jindalee Resources

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own a reasonable proportion of Jindalee Resources Limited. It has a market capitalization of just AU$145m, and insiders have AU$47m worth of shares in their own names. I would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.

General Public Ownership

With a 31% ownership, the general public have some degree of sway over Jindalee Resources. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

It seems that Private Companies own 23%, of the Jindalee Resources stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Public Company Ownership

It appears to us that public companies own 7.0% of Jindalee Resources. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Take risks for example – Jindalee Resources has 3 warning signs (and 2 which are a bit concerning) we think you should know about.

If you would prefer check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, backed by strong financial data.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

A look at the shareholders of Fortescue Metals Group Limited (ASX:FMG) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of AU$75b, Fortescue Metals Group is rather large. We'd expect to see institutional investors on the register. Companies of this size are usually well known to retail investors, too. In the chart below, we can see that institutions own shares in the company. We can zoom in on the different ownership groups, to learn more about Fortescue Metals Group.

Check out our latest analysis for Fortescue Metals Group

What Does The Institutional Ownership Tell Us About Fortescue Metals Group?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

We can see that Fortescue Metals Group does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Fortescue Metals Group, (below). Of course, keep in mind that there are other factors to consider, too.

Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in Fortescue Metals Group. Our data shows that Tattarang Pty Ltd is the largest shareholder with 36% of shares outstanding. For context, the second largest shareholder holds about 9.0% of the shares outstanding, followed by an ownership of 4.9% by the third-largest shareholder.

A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 50% stake.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Fortescue Metals Group

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own less than 1% of Fortescue Metals Group Limited. However, it's possible that insiders might have an indirect interest through a more complex structure. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own AU$482m worth of shares (at current prices). Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

General Public Ownership

The general public, with a 32% stake in the company, will not easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

Our data indicates that Private Companies hold 3.2%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Public Company Ownership

Public companies currently own 9.0% of Fortescue Metals Group stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Fortescue Metals Group better, we need to consider many other factors. Be aware that Fortescue Metals Group is showing 2 warning signs in our investment analysis , and 1 of those is potentially serious…

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

TOKYO, August 02, 2021–(BUSINESS WIRE)–Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks.

Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable.

Alf Barrios, Rio Tinto’s Chief Commercial Officer said: "Rio Tinto and Komatsu have a shared history of partnership on innovation going back to when we built the world’s largest Komatsu autonomous haulage fleet in 2008."

"Our support of a trial, and the option to buy some of the first trucks from Komatsu, underscores our shared commitment to actively collaborate on product planning, development, testing and deployment of the next generation of zero-emission mining equipment and infrastructure as we look to decarbonise our business."

Rio Tinto is also one of the first companies to join Komatsu’s newly launched Greenhouse Gas (GHG) Alliance which has an initial target of advancing Komatsu’s power agnostic truck concept for a haulage vehicle that can run on a variety of power sources including battery and hydrogen.

Max Moriyama, President, Mining Business Division of Komatsu Ltd said Komatsu was honoured to continue to partner with Rio Tinto.

"Rio Tinto and Komatsu both recognise the critical role zero-emission haul trucks play in meeting the Greenhouse Gas (GHG) emission reduction goals for the mining industry and the need to focus on developing practical haulage solutions.

"We are looking forward to advanced collaboration with them," said Max.

Rio Tinto is also a founding patron of the Charge On Innovation Challenge, which is focused on solving the power distribution infrastructure needed to support zero-emission haul trucks.

"We know that addressing climate change effectively requires businesses, governments and society to work together. Our collaboration with Komatsu recognises the role zero-emission haul trucks will play in meeting the emission reduction goals of not only Rio Tinto, but the entire mining industry," said Alf.

About Rio Tinto

Rio Tinto produces high-quality iron ore, copper, aluminium, and minerals that have an essential role in enabling the low-carbon transition.

We have publicly acknowledged the reality of climate change for over two decades and have reduced our emissions footprint by over 30 percent in the decade to 2020.

We have set 2030 targets to reduce our absolute emissions by 15% and our emissions intensity by 30% relative to our 2018 baseline. These targets are consistent with a 45% reduction in absolute emissions, relative to 2010 levels, and the Intergovernmental Panel on Climate Change (IPCC) pathways to 1.5°C. They are supported by our commitment to spend approximately $1 billion on emissions reduction initiatives over the first five years of the ten-year target period. In 2020, we set new Scope 3 emissions reduction goals to guide our partnership approach across our value chain.

Read more about our approach to climate change: www.riotinto.com/invest/reports/climate-change-report

About Komatsu

Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. For a century, the company has been creating value for its customers through manufacturing and technology innovation, partnering with others to empower a sustainable future where people, business and the planet thrive together. Frontline industries worldwide use Komatsu solutions to develop modern infrastructure, extract fundamental minerals, maintain forests and create consumer products. The company's global service and distributor networks support customer operations to enhance safety and productivity while optimizing performance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005282/en/

Contacts

Please direct all enquiries to
media.enquiries@riotinto.com

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: General

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.

Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.

It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.

There are several stocks that currently pass through the screen and Cleveland-Cliffs (CLF) is one of them. Here are the key reasons why this stock is a great candidate.

Investors' growing interest in a stock is reflected in its recent price increase. A price change of 11.8% over the past four weeks positions the stock of this mining company well in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CLF meets this criterion too, as the stock gained 18.4% over the past 12 weeks.

Moreover, the momentum for CLF is fast paced, as the stock currently has a beta of 2.27. This indicates that the stock moves 127% higher than the market in either direction.

Given this price performance, it is no surprise that CLF has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped CLF earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, CLF is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. CLF is currently trading at 0.96 times its sales. In other words, investors need to pay only 96 cents for each dollar of sales.

So, CLF appears to have plenty of room to run, and that too at a fast pace.

In addition to CLF, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.

Click here to sign up for a free trial to the Research Wizard today.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ClevelandCliffs Inc. (CLF) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Denver, CO, Aug. 02, 2021 (GLOBE NEWSWIRE) — Intrepid Potash, Inc. (NYSE: IPI) announced today that Brian Stone has been promoted to President of Intrepid, effective August 2, 2021. As President, Mr. Stone will assume daily responsibility for executing the operations for all segments of Intrepid’s business.

“Brian’s leadership experience and commodities background have been a wonderful addition to Intrepid and we are excited for him to lead the execution of our strategic vision to grow our oilfield solutions business and drive profitable growth across all segments.” said Bob Jornayvaz, Intrepid’s Executive Chairman and CEO. “While navigating a challenging environment in 2020, Brian successfully managed Intrepid’s oilfield business that is now positioned to capitalize on recent improvements in oilfield activity near our operations. We congratulate Brian on this well-deserved promotion and look forward to his success in the coming years.”

Mr. Stone joined Intrepid in December 2019 as Chief Operating Officer with responsibility for Intrepid’s Oilfield Solutions segment. Prior to joining Intrepid, Mr. Stone spent 34 years in all phases of the oil and gas industry, most recently as Chief Operating Officer for Hupecol Operating Co., an international oil and gas company focused on South America and Europe. In that capacity, Mr. Stone managed international oil and gas operations as well as heading the finance and business development roles for those companies. Earlier in his career, Mr. Stone worked for J.M. Huber Corporation, a mining and natural resources company, as Vice President in the Energy Sector, and later as Chief Risk Officer in Huber’s corporate office.

About Intrepid

Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, salt and water products essential for customer success in agriculture, animal feed and the oil and gas industry. Intrepid is the only U.S. producer of muriate of potash, which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications and used as an ingredient in animal feed. In addition, Intrepid produces a specialty fertilizer, Trio^®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. Intrepid also provides water, magnesium chloride, brine and various oilfield services.

Intrepid serves diverse customers in markets where a logistical advantage exists and is a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly production. Intrepid’s mineral production comes from three solar solution potash facilities and one conventional underground Trio^® mine.

Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for new postings.

Contact
Matt Preston, Vice President – Finance
Phone: 303-996-3048
Email: matt.preston@intrepidpotash.com

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Albertsons Companies, Inc. ACI: This operator of food and drug retail stores in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.

Albertsons Companies, Inc. Price and Consensus

Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote

Century Communities, Inc. CCS: This designer, developer, constructor and marketer of single-family attached and detached homes has seen the Zacks Consensus Estimate for its current year earnings increasing 10.9% over the last 60 days.

Century Communities, Inc. Price and Consensus

Century Communities, Inc. price-consensus-chart | Century Communities, Inc. Quote

Encore Wire Corporation WIRE: This low-cost manufacturer of copper electrical building wires and cables has seen the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

Encore Wire Corporation Price and Consensus

Encore Wire Corporation price-consensus-chart | Encore Wire Corporation Quote

Heidrick & Struggles International, Inc. HSII: This provider of executive search and consulting services to businesses and business leaders has seen the Zacks Consensus Estimate for its current year earnings increasing 17.1% over the last 60 days.

Heidrick & Struggles International, Inc. Price and Consensus

Heidrick & Struggles International, Inc. price-consensus-chart | Heidrick & Struggles International, Inc. Quote

Owens Corning OC: This manufacturer and marketer of insulation, roofing, and fiberglass composite materials has seen the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.

Owens Corning Inc Price and Consensus

Owens Corning Inc price-consensus-chart | Owens Corning Inc Quote

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report

Century Communities, Inc. (CCS) : Free Stock Analysis Report

Owens Corning Inc (OC) : Free Stock Analysis Report

Heidrick & Struggles International, Inc. (HSII) : Free Stock Analysis Report

Encore Wire Corporation (WIRE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Mosaic (MOS) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 15.84%. A quarter ago, it was expected that this fertilizer maker would post earnings of $0.50 per share when it actually produced earnings of $0.57, delivering a surprise of 14%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Mosaic, which belongs to the Zacks Fertilizers industry, posted revenues of $2.8 billion for the quarter ended June 2021, missing the Zacks Consensus Estimate by 4.34%. This compares to year-ago revenues of $2.04 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Mosaic shares have added about 35.7% since the beginning of the year versus the S&P 500's gain of 17%.

What's Next for Mosaic?

While Mosaic has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Mosaic was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.11 on $3.4 billion in revenues for the coming quarter and $3.29 on $11.54 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Fertilizers is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
The Mosaic Company (MOS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

(Bloomberg) — A tightening global copper market is facing the real possibility of simultaneous strike disruptions at three mines in Chile, the top producer.

By far the most serious threat to global supplies comes from Escondida, the biggest copper mine in the world, where workers rejected owner BHP Group’s final wage offer in voting last week. Unless the two sides can reach a deal in government-mediated talks this week, the market may be left without production from a project that last year churned out 1.2 million metric tons.

Two other smaller mines — Codelco’s Andina and JX Nippon Mining & Metals’ Caserones — are at the same stage in their collective bargaining. That puts upwards of 7% of world production at risk in a particularly sensitive moment in the metal cycle and in Chilean politics.

Labor tensions are intensifying just as trillions of dollars in government stimulus fuel demand for industrial metals. Copper futures have gained over the past two weeks after retreating from an all-time high in May. On Monday, prices advanced as much as 0.8% on the London Metal Exchange before closing down 0.3% at $9,700.50 a ton after data showed U.S. manufacturing growth eased in July.

The windfall enjoyed by producers is emboldening mine workers, with host nations also looking at ratcheting up taxes to help resolve inequalities exacerbated by the pandemic. In Chile, that’s all playing out as the nation drafts a new constitution that may lead to tougher rules on water, glaciers, mineral and community rights, with presidential elections in November.

At the same time, companies are striving to keep labor costs in check in a cyclical business and as ore quality deteriorates and input prices start to rise.

In last week’s vote, members rejected BHP’s proposal by an overwhelming 99.5%. Union leaders say the company is dangling large one-time bonuses in exchange for longer hours and new demands in a bid to boost productivity and profit. BHP said its proposal included better conditions and new benefits and that it remains open to dialog.

“We hope that this strong vote will be the decisive wake-up call for BHP to initiate substantive discussions to reach satisfactory agreements, if it wants to avoid a lengthy conflict that could be the costliest in the country’s union history,” the union said.

(Updates prices in fourth paragraph)

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

Rio Tinto (RIO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate — the consensus measure of EPS estimates from the sell-side analysts covering the stock — for the current and following years.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Rio Tinto basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Rio Tinto, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate Revisions

As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.

Earnings Estimate Revisions for Rio Tinto

For the fiscal year ending December 2021, this miner is expected to earn $16.24 per share, which is a change of 110.9% from the year-ago reported number.

Analysts have been steadily raising their estimates for Rio Tinto. Over the past three months, the Zacks Consensus Estimate for the company has increased 20%.

Bottom Line

Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Rio Tinto to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Rio Tinto PLC (RIO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – August 2, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" or the "Company") reports the receipt of notice that the Mining and Environmental Justice Community Network of South Africa, claiming to be a community networking body, together with a group of residents from certain communities located near planned surface infrastructure associated with the Waterberg Mine (the "Applicants"), intend to apply for an order (the "Application for Motion") in the High Court of South Africa (the "High Court") restraining Waterberg JV Resources (Pty) Limited ("Waterberg JV Co.") from carrying on mining related activities on portions of the farms Goedetrouw and Ketting pending the finalization of the Appeals and the Review (as defined below) and the grant of various regulatory authorizations.

A mining right for the Waterberg Project was granted by the South African Department of Mineral Resources and Energy ("DMRE") on January 28, 2021 and was notarially executed on April 13, 2021 (the "Waterberg Mining Right"). After the grant of the mining right the Company received notice of and reported several appeals by objecting groups to the decision by the DMRE granting the Waterberg Mining Right (the "Appeals"). The Company also received notice of an application for an order in the High Court to review and set aside the decision by the Minister of Environment, Forestry and Fisheries to dismiss an application for condonation for the late filing of an appeal against the environmental authorization granted for the Waterberg Mine on November 10, 2020 (the "Review").

The Company believes that all requirements specified under the MPRDA have been complied with and that the DMRE correctly granted the mining right and environmental authorization. Counsel acting for Waterberg JV Co. has filed formal rebuttals to each Appeal reported above, is opposing the Review, and will file answering papers to the Application for Motion. The Waterberg Mining Right currently remains in good standing.

The Company's near-term objectives are to continue working closely with established local community leadership to maximize the value of the Waterberg Project for all stakeholders and to complete construction funding and concentrate offtake arrangements for the Waterberg Project.

About Platinum Group Metals Ltd. and Waterberg Project

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants (Pty) Ltd. ("Mnombo"), Japan Oil, Gas and Metals National Corporation and Hanwa Co. Ltd.

On behalf of the Board of
Platinum Group Metals Ltd.

Frank R. Hallam
Interim CEO and Director

For further information contact:
Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

This press release may contain forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, but are not limited to, future developments relating to the Appeals, the Review and the Application for Motion, the Company's objectives, and the development of the Waterberg Project. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. The Company directs readers to the risk factors described in the Company's Form 20-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91833

VANCOUVER, British Columbia, Aug. 02, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces that it will release its unaudited financial statements and MD&A for the second quarter 2021 on Wednesday, August 11, 2021 after the market closes.

A conference call to discuss the financial and operational results will be held on Thursday, August 12, 2021 at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, and Luis D. Ganoza, Chief Financial Officer.

Shareholders, analysts, media and interested investors are invited to listen to the live conference call by logging onto the webcast at: https://www.webcaster4.com/Webcast/Page/1696/42323 or over the phone by dialing in just prior to the starting time.

Conference call details:

Date: Thursday, August 12, 2021
Time: 9:00 a.m. Pacific time | 12:00 p.m. Eastern time

Dial in number (Toll Free): +1. 888.506.0062
Dial in number (International): +1.973.528.0011
Entry code: 215628

Replay number (Toll Free): +1.877.481.4010
Replay number (International): +1.919.882.2331
Replay Passcode: 42323

Playback of the earnings call will be available until Thursday, August 26, 2021. Playback of the webcast will be available until Friday, August 12, 2022. In addition, a transcript of the call will be archived on the Company’s website at https://fortunasilver.com/investors/financial-reports/.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and an advanced development project in Côte d’Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | info@fortunasilver.com

The Zacks Mining – Silver industry had been impacted by weak silver demand as the COVID-19 pandemic crippled the industrial sector last year. Although industrial activity had been recovering this year, which led to higher silver prices, the spread of the highly contagious Delta variant put a rein on this rally. This has triggered concerns that the global economic recovery could be derailed, which is weighing on silver prices.

Silver miners including Pan American Silver PAAS, Buenaventura Mining Company Inc. BVN and MAG Silver Corp. MAG have been relying on cost management and efforts to increase efficiency.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Pan American Silver Corp. (PAAS) : Free Stock Analysis Report

Buenaventura Mining Company Inc. (BVN) : Free Stock Analysis Report

Fresnillo PLC (FNLPF) : Free Stock Analysis Report

MAG Silver Corporation (MAG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

New York, New York–(Newsfile Corp. – August 2, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL) (NASDAQ: PLLL) between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"), of the important September 21, 2021 lead plaintiff deadline.

SO WHAT: If you purchased Piedmont securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont, and its lithium business, does not have "strong local government support"; and (5) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91902

Albemarle Corporation ALB will release second-quarter 2021 results after the closing bell on Aug 4. The company is likely to have benefited from higher lithium volumes and prices and its cost-reduction actions in the quarter. However, its Catalysts unit is expected to have faced headwinds from the lingering impacts of the winter storm.

The company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 25%, on average. It posted an earnings surprise of 39.2% in the last reported quarter.

Albemarle’s shares are up 147.3% over a year compared with a 39.6% rise of the industry it belongs to.

Image Source: Zacks Investment Research

Let’s see how things are shaping up for this announcement.

What do the Estimates Say?

The Zacks Consensus Estimate for revenues for Albemarle for the to-be-reported quarter stands at $787 million, reflecting an increase of 3% from the year-ago quarter.

The Zacks Consensus Estimate for net sales for the Lithium unit stands at $305 million, indicating a 7.4% year-over-year rise. The same for the Bromine Specialties segment for the second quarter is pegged at $249 million, reflecting an 6.9% increase on a year-over-year basis.

Moreover, the Zacks Consensus Estimate for net sales for the Catalysts segment is pinned at $198 million, flat year over year.

Some Factors to Watch For

Albemarle is likely to have benefited from higher volumes in its lithium business in the second quarter on continued recovery in global economic activities. Healthy customer orders and plant productivity improvements are like to have supported volumes. An uptick in lithium prices amid tighter market conditions is also expected to have aided its performance.

Benefits of the company’s cost-saving initiatives are also expected to get reflected in the quarter to be reported. The company remains on track with its cost-saving program which is expected to deliver run rate savings of more than $120 million by the end of 2021. Its cost actions are expected to have supported margins in the second quarter.

The company’s Bromine Specialties unit is also expected to have benefited from strong demand across the portfolio as well as cost-saving and pricing initiatives in the to-be-reported quarter.

However, its Catalysts unit is likely to have faced headwind from weak fluid catalytic cracking (FCC) volumes resulting from the lingering impact of the winter storm Uri. Delays in FCC orders are expected to have affected volumes in the June quarter. Some impact of lost production volumes due to the winter storm are also expected to reflect in Bromine Specialties results. The company is also likely to have faced headwind raw material cost inflation in the second quarter.

Albemarle Corporation Price and EPS Surprise

Albemarle Corporation price-eps-surprise | Albemarle Corporation Quote

Zacks Model

Our proven model does not conclusively predict an earnings beat for Albemarle this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: Earnings ESP for Albemarle is -7.95%. The Zacks Consensus Estimate for earnings for the second quarter is currently pegged at 83 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Albemarle currently carries a Zacks Rank #3.

Stocks That Warrant a Look

Here are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:

Westlake Chemical Corporation WLK scheduled to release earnings on Aug 3, has an Earnings ESP of +1.50% and carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

DuPont de Nemours, Inc. DD, scheduled to release earnings on Aug 3, has an Earnings ESP of +3.81% and carries a Zacks Rank #3.

Olympic Steel, Inc. ZEUS, scheduled to release earnings on Aug 5, has an Earnings ESP of +31.84% and sports a Zacks Rank #1.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Westlake Chemical Corporation (WLK) : Free Stock Analysis Report

DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report

Albemarle Corporation (ALB) : Free Stock Analysis Report

Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

So if you're like me, you might be more interested in profitable, growing companies, like Lundin Mining (TSE:LUN). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. Loss-making companies are always racing against time to reach financial sustainability, but time is often a friend of the profitable company, especially if it is growing.

View our latest analysis for Lundin Mining

How Quickly Is Lundin Mining Increasing Earnings Per Share?

The market is a voting machine in the short term, but a weighing machine in the long term, so share price follows earnings per share (EPS) eventually. That means EPS growth is considered a real positive by most successful long-term investors. Over the last three years, Lundin Mining has grown EPS by 13% per year. That's a pretty good rate, if the company can sustain it.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. The good news is that Lundin Mining is growing revenues, and EBIT margins improved by 19.9 percentage points to 34%, over the last year. Ticking those two boxes is a good sign of growth, in my book.

In the chart below, you can see how the company has grown earnings, and revenue, over time. Click on the chart to see the exact numbers.

Fortunately, we've got access to analyst forecasts of Lundin Mining's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.

Are Lundin Mining Insiders Aligned With All Shareholders?

We would not expect to see insiders owning a large percentage of a CA$8.4b company like Lundin Mining. But we do take comfort from the fact that they are investors in the company. To be specific, they have US$42m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 0.5% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders.

Is Lundin Mining Worth Keeping An Eye On?

As I already mentioned, Lundin Mining is a growing business, which is what I like to see. Just as polish makes silverware pop, the high level of insider ownership enhances my enthusiasm for this growth. That combination appeals to me, for one. So yes, I do think the stock is worth keeping an eye on. You still need to take note of risks, for example – Lundin Mining has 4 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is a list of companies with insider buying in the last three months.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 2nd:

Albertsons Companies, Inc. ACI: This food and drug stores operator carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.

Albertsons Companies, Inc. Price and Consensus

Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote

Albertsons Companies has a PEG ratio of 0.85 compared with 1.92 for the industry. The company possesses a Growth Score of A.

Albertsons Companies, Inc. PEG Ratio (TTM)

Albertsons Companies, Inc. peg-ratio-ttm | Albertsons Companies, Inc. Quote

Tempur Sealy International, Inc. TPX: This manufacturer, marketer, and distributor of bedding products carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 4% over the last 60 days.

Tempur Sealy International, Inc. Price and Consensus

Tempur Sealy International, Inc. price-consensus-chart | Tempur Sealy International, Inc. Quote

Tempur Sealy has a PEG ratio of 0.70, compared with 0.87 for the industry. The company possesses a Growth Score of B.

Tempur Sealy International, Inc. PEG Ratio (TTM)

Tempur Sealy International, Inc. peg-ratio-ttm | Tempur Sealy International, Inc. Quote

Steven Madden, Ltd. SHOO: This designer, marketer, and seller of fashion-forward branded and private label footwear carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.6% over the last 60 days.

Steven Madden, Ltd. Price and Consensus

Steven Madden, Ltd. price-consensus-chart | Steven Madden, Ltd. Quote

Steven Madden has a PEG ratio of 1.41, compared with 1.50 for the industry. The company possesses a Growth Score of A.

Steven Madden, Ltd. PEG Ratio (TTM)

Steven Madden, Ltd. peg-ratio-ttm | Steven Madden, Ltd. Quote

Lincoln Electric Holdings, Inc. LECO: This designer, developer, manufacturer, and seller of welding, cutting, and brazing products carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.3% over the last 60 days.

Lincoln Electric Holdings, Inc. Price and Consensus

Lincoln Electric Holdings, Inc. price-consensus-chart | Lincoln Electric Holdings, Inc. Quote

Lincoln Electric has a PEG ratio of 1.77, compared with 2.08 for the industry. The company possesses a Growth Score of B.

Lincoln Electric Holdings, Inc. PEG Ratio (TTM)

Lincoln Electric Holdings, Inc. peg-ratio-ttm | Lincoln Electric Holdings, Inc. Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report

Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report

Tempur Sealy International, Inc. (TPX) : Free Stock Analysis Report

Steven Madden, Ltd. (SHOO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

By Yasin Ebrahim

Investing.com – The Dow struggled for direction on Monday, after hitting an intraday record high as investors weighed mixed quarterly results and data showing a slowdown in manufacturing activity.

The Dow Jones Industrial Average gained 0.1%, or 26 points, though had hit an intraday record of 35,192.11. The S&P 500 rose 0.1%, and the Nasdaq was up 0.4%.

Materials were the biggest drag on the broader market, weighed down by a 3% decline in Mosaic Co (NYSE:MOS) ahead of its quarterly results due after the closing bell.

Wall Street analysts are expecting Mosaic to report earnings per share of 99 cents on revenue of $2.85 billion.

The broader technology sector was helped by a climb in iShares Semiconductor ETF (NASDAQ:chipstocks) following a 14% surge in ON Semiconductor (NASDAQ:ON).

ON Semiconductor (NASDAQ:ON) delivered a better-than-expected outlook after reporting quarterly results that topped Wall Street estimates despite the ongoing supply chain constraints.

Qualcomm (NASDAQ:QCOM), meanwhile, pared some gains after Google unveiled plans to build its own smartphone processor, Google Tensor, and ditch chips from Qualcomm for its slate of Pixel 6 phones to be launched later this fall.

Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Facebook (NASDAQ:FB), and Amazon.com (NASDAQ:AMZN) traded mixed.

Tesla (NASDAQ:TSLA) was up more than 3% after cutting the price of its Model 3 standard range version in China by 15,000 Chinese yuan.

On the economic front, U.S. manufacturing activity slowed in July for the second straight month to a reading of 59.5 from 60.6 in May.

Positive sentiment on the broader market was also kept in check by surge in Covid-19 cases.

"COVID-19 cases have increased over 300% nationally from June 19 to July 23, 2021, along with parallel increases in hospitalizations and deaths driven by the highly transmissible B.1.617.2 (Delta) variant," the US Centers for Disease Control and Prevention said in a Health Alert Network advisory last week.

With about 70% of U.S. adults having had at least one shot of a Covid vaccine, the impact on surging cases on the economy and broader market is expected to be limited

“Given our expectation for limited fallout, we maintain our favorable view of industrials, materials, and other economically sensitive equity sectors,” Wells Fargo (NYSE:WFC) said.

In other news, Square (NYSE:SQ) agreed to acquire Australian pay later provider Afterpay in a $29 billion all-stock transaction.

Related Articles

Dow Eases From Record as Stocks Struggle for Direction

3 Top Small-Cap Stocks to Buy for August

The 3 Smart Stocks to Buy and Watch for the Second Half of 2021

Investors focused on the Basic Materials space have likely heard of United States Steel (X), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

United States Steel is a member of our Basic Materials group, which includes 251 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. X is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for X's full-year earnings has moved 111.73% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, X has gained about 57.90% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 20.52% on average. This means that United States Steel is performing better than its sector in terms of year-to-date returns.

Breaking things down more, X is a member of the Steel – Producers industry, which includes 24 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, this group has gained an average of 56.10% so far this year, meaning that X is performing better in terms of year-to-date returns.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to X as it looks to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
United States Steel Corporation (X) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

NYSE American symbol – UEC

CORPUS CHRISTI, Texas, Aug. 2, 2021 /PRNewswire/ – Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce that, in conjunction with the holding of the Company's recent annual general meeting of stockholders on July 30, 2021, the following matters were duly ratified by the Company's stockholders and have now been implemented by the Board of Directors in the following manner:

• Amir Adnani, Spencer Abraham, Vincent Della Volpe, David Kong, Ganpat Mani and Gloria Ballesta were elected to the Board of Directors of the Company;

• PricewaterhouseCoopers LLP, Chartered Professional Accountants, were appointed as the Company's independent registered accounting firm;

• the Company's 2021 Stock Incentive Plan was approved;

• the Company's executive compensation was approved; and

• the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company immediately following the AGM:

Amir Adnani: President and Chief Executive Officer;

Pat Obara: Secretary, Treasurer and Chief Financial Officer; and

Scott Melbye: Executive Vice President.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly In-Situ Recovery (ISR) mining uranium projects. In South Texas, the Company's hub-and-spoke operations are anchored by our fully-licensed Hobson Processing Facility which is central to our Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the Company's diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the Company owns one of the largest and highest-grade ferro-titanium deposits in the world. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, market and other conditions, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

View original content:https://www.prnewswire.com/news-releases/uranium-energy-corp-announces-results-of-annual-general-meeting-301346460.html

SOURCE Uranium Energy Corp

TAMPA, FL / ACCESSWIRE / August 2, 2021 / The Mosaic Company (NYSE:MOS) released its financial results for second quarter earnings of 2021. The company's earnings release, prepared comments and supplemental materials are available at https://investors.mosaicco.com/financials/quarterly-results.

Mosaic has also posted a Market Update presentation dated August 2021, https://investors.mosaicco.com/market-education/default.aspx.

Mosaic will present a fireside chat addressing investor questions during a conference call on Tuesday, August 3 at 11:00 a.m. Eastern Time, accessible both through Mosaic's website at https://investors.mosaicco.com, and the dial in numbers below. The webcast will be available up to at least one year from today's date. The telephone replay will be available for one week.

About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

Contacts:

The Mosaic Company

Media:
Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com

Investors:
Laura Gagnon, 813-775-4214
Paul Massoud, 813-244-0669
investor@mosaicco.com

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/658060/The-Mosaic-Company-Mosaic-Announces-2021-Second-Quarter-Earnings-Release

(Bloomberg) — Commodities begin August near a decade-high, and there’ll be plenty this week to help investors judge what comes next. A sweep of major earnings, including numbers from Glencore Plc and BP Plc, as well as the United Nations’ latest take on global food costs will deliver key clues across the whole stable of raw materials just as the pandemic threat flares anew.

The earnings cycle also brings numbers from the world’s top lithium producer, Albemarle Corp., and a clutch of Japan’s storied commodities giants. Drilling down, market moves to watch include what’s next for copper as strike risks intensify at the world’s biggest mine, Europe’s gas crunch and wheat’s surge.

The earnings presentation from mining-to-trading behemoth Glencore on Thursday will draw additional attention as the first for new CEO Gary Nagle after Ivan Glasenberg moved on. Investors will want his take on markets through the second-half, with Covid-19’s delta variant and economic headwinds in China posing risks.

Money, Money, Money

Global commodity corporates have unveiled stellar profits and shoveled cash to shareholders so far this earnings season, and that theme will go on dominating proceedings this week. BP, which reports on Tuesday, offered a modest $500 million buyback program last quarter, and may now want to woo investors more powerfully, just like peer Royal Dutch Shell Plc did last week. More is expected on BP’s plans to return 60% of surplus cash to shareholders, possibly including a dividend upgrade, according to Bloomberg Intelligence.

For Glencore, it will be the first earnings outing for the new chief executive officer, Gary Nagle. He entered at the best of times, especially for the firm’s metals book (more on those markets follows below). The group’s trading unit will hit the top end of its guidance for this year, which was $3.2 billion, the firm said on Friday, ahead of this week’s grand reveal.

Metals Mania

Metals markets are displaying renewed vigor, with the catch-all LMEX Index pushing back toward the decade-high seen in May. This week carries the potential for further gains, with particular focus likely to fall on nickel, aluminum and copper. With stockpiles drawing, nickel — which boasts uses in old-economy stainless steel as well as new-economy batteries — is on the cusp of topping $20,000 a ton, and may go on to hit the highest since 2014.

Similarly, aluminum is in a sweet spot as solid demand has driven the cash-three month spread to the biggest backwardation since 2019. Traders are looking for the next move after prices exceeded $2,600 a ton. And copper may retake $10,000 a ton amid the risk of a strike at Escondida in Chile. At the vast pit, workers voted in favor of a strike, overwhelmingly rejecting owner BHP Group’s final wage offer. Labor rules give either side the option of mediation before a strike could begin.

Feed Us All

An additional 291 million people worldwide will go hungry this year, the U.S. government warned last week. That’s just the latest in a string of bleak takes on the food chain as the impact of pandemic and economic distress combine with weather-driven price spikes to elevate costs. This week’s authoritative food-price index report from United Nations will verify whether the rampant rally in food inflation is due for a pullback, or is hitting new highs.

The index — which tracks a broad basket of commodity staples including vegetable oils, meat and grains — retreated in June after a blistering year-long rally. Some agricultural markets have steadied as Northern Hemisphere harvests approach and the pace of China’s demand remains in focus. However, food costs are still well above 2020, and good weather in coming weeks will be critical for big crops to bear out and bring prices lower.

Fuel for Thought

An extraordinary, globe-spanning supply crunch in natural gas has fueled eye-watering price rallies from the Netherlands to China, and investors are primed to see whether the gains are extended. European gas prices climbed to a record on signs that flows via a key Russian pipeline have declined, taking traders by surprise. The amount of gas entering Germany at the Mallnow compressor station has suddenly dropped, signaling Russia is flowing less through the Yamal-Europe link via Belarus and Poland. Meanwhile, Asian liquefied natural gas prices are nearing a seasonal high as importers compete for supply amid the hotter summer weather.

The broad-based advances may encourage utilities in Europe and Asia to switch to dirtier-burning coal, even though that fuel is also near a record. Some generators, which had been delaying LNG spot procurement in the hope prices would fall, must now bite the bullet and buy the fuel at sky-high rates. In China, futures for thermal coal fell from near-record levels as the government pledged to boost supply.

All Charged Up

Albemarle, the world’s largest lithium miner, kicks off earnings on Wednesday for producers of the metal that’s key to powering rechargeable batteries. Investors are looking for insight on how these companies are positioning themselves amid signs that big mining companies are taking a greater interest in battery metals. Livent Corp.’s results are expected on Thursday, while SQM, the second-largest producer, reports later in the month

The procession of earnings will come as the industry faces much greater scrutiny over the green credentials of its mining processes. Albemarle and SQM are ramping up output in Chile’s Atacama in response to a projected tripling of global demand as copper mines, communities and tourism also compete for water. In the meantime, surging lithium prices are giving producers a boost, and traders are looking for more clues on the durability of the rally.

For The Diary

Click here for oil marketsClick here for gas marketsClick here for metals marketsClick here for agriculture markets

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

Intrepid Potash (IPI) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to loss of $0.70 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 89.66%. A quarter ago, it was expected that this potash and fertilizer producer would post a loss of $0.06 per share when it actually produced earnings of $0.18, delivering a surprise of 400%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Intrepid Potash, which belongs to the Zacks Fertilizers industry, posted revenues of $57.77 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 18.87%. This compares to year-ago revenues of $37.72 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Intrepid Potash shares have added about 25.5% since the beginning of the year versus the S&P 500's gain of 17%.

What's Next for Intrepid Potash?

While Intrepid Potash has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Intrepid Potash was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $53.5 million in revenues for the coming quarter and $2.15 on $222.95 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Fertilizers is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Intrepid Potash, Inc (IPI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

(Bloomberg) — The record-breaking rally in steel has further to run as producers vow not to get burned again by ramping up too fast.

Prices for benchmark hot-rolled coil futures in the U.S. have surged more than 80% this year, touching an all-time high last week as reopening economies fuel consumption. Despite customer pleas for more metal, steelmakers that paid steep costs to shut down furnaces during the pandemic have yet to announce additional plans to build out capacity, focusing instead on generating record profits for shareholders.

The stance will keep supply tight at a time when demand is soaring and China, the world’s largest producer, is signaling measures to limit its output. Makers of everything from washing machines to wind turbines to toasters are already struggling with raw-materials shortfalls and bottlenecks that have fueled inflation concerns, and the reluctance among steelmakers suggests price relief may be unlikely any time soon.

“The finance departments have a voice they didn’t used to have, so the industry is more driven for profit than it is for production now,” said Michelle Applebaum, an independent steel consultant who has covered the industry for 40 years. “It’s a real culture change.”

U.S. steel consumption is on pace to be about 104 million tons this year, and about 108 million tons in 2022, according to Bloomberg Intelligence analyst Andrew Cosgrove. With domestic steelmakers only producing about 87 million this year and 91 million next year, and planned capacity coming online by the end of next year to be about 4.6 million tons per annum, customers will continue to compete for available metal.

To make matters more difficult, soaring demand across the rest of the globe from China to Europe means U.S. buyers will be battling for imports too. Meanwhile, U.S. tariffs remain on shipments from abroad, hurting affordability.

Cleveland-Cliffs Inc. Chief Executive Officer Lourenco Goncalves told investors last quarter that he wasn’t going to produce more tons because it will eventually lead to oversupply and cause prices to deteriorate.

“It’s value, it’s not volume,” he said.

To be sure, not everyone sees the metal rallying through the rest of the year. Automotive demand isn’t going to be as big as initially projected, as semiconductor snags have forced the industry to build inventories as they wait to be able to make the vehicles, and the market has basically recovered to pre-pandemic demand levels, according to Keybanc Capital Markets analyst Phil Gibbs.

“The supply-demand imbalance is now marching toward equilibrium: this is the last fever pitch of the tightness,” Gibbs said. “Our view on actual demand is that we believe you’re in a modest oversupply situation. The only reason we’re not seeing it in the price is that mills have reasonably long backlogs they’re working through.”

U.S. steelmakers told investors on second-quarter conference calls that backlogs are at historic highs, and that with demand expected to remain high through 2021, they’ll book record profits again in the third quarter. That outlook is further underpinning the outlook for a further rally in steel.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

HudBay Minerals (HBM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 9. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This mining company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +160%.

Revenues are expected to be $392.1 million, up 87.7% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 12.46% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for HudBay Minerals?

For HudBay Minerals, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.17%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that HudBay Minerals will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that HudBay Minerals would post earnings of $0.04 per share when it actually produced a loss of $0.06, delivering a surprise of -250%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

HudBay Minerals doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

HudBay Minerals Inc (HBM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research