Three stocks which are in a small to mid-cap range are seen in red today on the ASX. Under the metals and mining sector few companies which seems to be impacted by the US and Saudi Arabia tensions affecting the fuel cost users such as ones discussed below:
St Barbara Limited (ASX: SBM) – The company had a cash balance of A$350 million and no debt after payment of $0.08 FY18 final dividend representing healthy financials. Because of single low-severity recordable injury, the total Recordable Injury Frequency Rate (TRIFR), from the previous quarter, increased from 2.4 to 2.6 in Q3FY18. The NPAT is of A$227 million reported by the company as fourth consecutive net profit. For further expansion and growth, A$21 million invested in four junior explorers. The P/E of the stock is at 9.010 and EPS at 0.443 AUD which stands out among the peer basket in the industry. The company’s Q1 September FY19 production of 98,547 ounces at A$919 per ounce AISC in line with FY19 guidance. The stock is down 2.757 percent to $3.880 as at October 17, 2018. The stock has witnessed a positive gain or performance change of 50.57% over a 12 months period.
Regis Resources Limited (ASX: RRL) – The company rolled out an offer of 11.4 cents in Regis shares per Capricorn share to acquire 100% of the issued and to be issued shares in Capricorn Metals Ltd. Gold revenue for the company is up by 11% to $604.4 million, while net profit after tax to record $174.2 million was up by 26%. Resulting into a strong EBITDA margin of 51.5%, the EBITDA was up by 23% to $312.5 million from the pcp. The net cash of $259.7 million from operating activities generated dividends. The P/E of the stock is 11.850 and the EPS is of 0.346 AUD which is fair among the peer basket. The stock fallen to $4.00 after declining 2.439 percent and is trading near its 52-week low as at October 17, 2018. The stock has witnessed a performance change of 4.33% over a 12 months period.
Mineral Resources Limited (ASX: MIN) – By funding the feasibility and development activities through to Commercial Production, it has the right to earn a 51% interest in the McIntosh tenements. The reported net profit after tax was at A$ 272 million which is an overall increase of 35%. Corresponding to an EBITDA change of positive 9% at A$ 507 million. The board then declared a fully franked 40 cents final dividend making it a total of 65 cents for the year. Also, the net revenue was up at $1.7 billion which is increased by 16%. On the prior corresponding period, this significant growth is driven by sale of 3.5 Mt lithium DSO and 382 KT of spodumene concentrate which is up from 262 KT. With available cash for the financial year as at 30 June 2018 of US $240.4 million the company represents strong balance sheet. The stock price is down 2.8 percent to $15.550 as at October 17, 2018. The stock has witnessed a decline or performance change of -14.76% over a 12 months period.
The Income available from dividends remains attractive for many investors.
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