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Vitalii Liubimov's Avatar
published in Blogs
Aug 04, 2023

Mineral company stocks dropped about 7% this week, including $RIO, $BHP, $MP, $SGML, $LAC, and more.

Last week, the stocks of minerals companies experienced significant declines. Companies such as $RIO, $BHP, $MP, $SGML, $LAC, $MTRN, $PLL, $GSM, $UUUU saw their prices fall by 4% to 10% during this week. For all these companies, our recommendation remains a strong sell. You can find information about these stocks on our robot at Swing-Trader-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.

Market Cap: The average market capitalization across the group is $31.2 billion. The market cap for tickers in the group ranges from $1 billion to $156.3 billion. BHP holds the highest valuation in this group at $156.3 billion. The lowest valued company is UUUU at $1 billion.

Price Performance: The average weekly price growth across all stocks in the group was -4.15%. For the same group, the average monthly price growth was -4.09%, and the average quarterly price growth was -8.1%. UUUU experienced the highest price growth at -0.16%, while MP experienced the biggest fall at -8.26%.

Volume: The average weekly volume growth across all stocks in the group was -43.26%. For the same stocks of the group, the average monthly volume growth was 10.33%, and the average quarterly volume growth was -56.52%.

Fundamental Analysis Ratings: The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows: Valuation Rating: 49 P/E Growth Rating: 61 Price Growth Rating: 50 SMR Rating: 72 Profit Risk Rating: 42 Seasonality Score: -7 (-100 ... +100)

Stock Forecasts:

  • BHP Group (BHP): The MACD Histogram just turned negative, indicating a possible decline. In 70% of the instances when this indicator turned negative, the stock moved lower in the following days.
  • Sigma Lithium (SGML): The MACD Histogram turned negative, suggesting a potential decline. In 77% of the instances when this indicator turned negative, the stock moved lower in the days that followed.
  • Lithium Americas (LAC): The MACD Histogram crossed below the signal line on July 24, 2023, signaling a potential decline. In 85% of the instances when this indicator turned negative, the stock moved lower in the following days.
  • MP: The 10-day RSI Oscillator moved out of the overbought territory on July 14, 2023, indicating a possible shift from an upward trend to a downward trend. In 90% of the instances when this indicator moved out of the overbought zone, the stock moved lower in the days that followed.

The overall forecast for metallurgical company stocks remains negative, and caution is advised when considering buying these stocks in the near future.

Related Ticker: RIO, BHP, MP, SGML, LAAC, MTRN, PLL, GSM, UUUU

RIO sees MACD Histogram crosses below signal line

RIO saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on July 18, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on July 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RIO as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for RIO crossed bearishly below the 50-day moving average on June 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for RIO entered a downward trend on July 12, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for RIO's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RIO advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .

RIO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 85%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.909) is normal, around the industry mean (9.146). P/E Ratio (10.410) is within average values for comparable stocks, (96.248). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.023). Dividend Yield (0.068) settles around the average of (0.084) among similar stocks. P/S Ratio (1.938) is also within normal values, averaging (236.435).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. RIO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are BHP Group Limited (NYSE:BHP), Freeport-McMoran (NYSE:FCX), Vale SA (NYSE:VALE), Teck Resources Limited (NYSE:TECK), Cameco Corp (NYSE:CCJ).

Industry description

The category includes companies that explore for, mine and extract metals, such as copper, diamonds, nickel, cobalt ore, lead, zinc and uranium. BHP, Rio Tinto and Southern Copper Corporation are major players in this space.

Market Cap

The average market capitalization across the Other Metals/Minerals Industry is 2.5B. The market cap for tickers in the group ranges from 230 to 223.12B. BHPBF holds the highest valuation in this group at 223.12B. The lowest valued company is BAJFF at 230.

High and low price notable news

The average weekly price growth across all stocks in the Other Metals/Minerals Industry was 0%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 14,621%. SKKRF experienced the highest price growth at 255%, while SPCNF experienced the biggest fall at -65%.

Volume

The average weekly volume growth across all stocks in the Other Metals/Minerals Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was -10% and the average quarterly volume growth was -39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 79
Price Growth Rating: 50
SMR Rating: 90
Profit Risk Rating: 88
Seasonality Score: 3 (-100 ... +100)
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General Information

a miner of for mineral resources

Industry OtherMetalsMinerals

Profile
Fundamentals
Details
Industry
Other Metals Or Minerals
Address
6 St James’s Square
Phone
+44 2077812000
Employees
57174
Web
https://www.riotinto.com
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