Top mining stocks to watch in Q2: AMR, X to AA

Image Source: © Martinstroj | Megapixl.com

 Highlights

  • Alpha Metallurgical Resources, Inc. (NYSE: AMR) has a P/E ratio of 8.53 and a forward P/E for one year of 1.74.
  • United States Steel Corporation's (NYSE: X) P/E ratio is 2.58, and its dividend yield is 0.53%, with an annualized dividend of US$0.20.
  • Alcoa Corporation's (NYSE: AA) P/E ratio is 41.13. Its dividend yield is 0.44%, and its annualized dividend is US$0.40.

President Joe Biden gave a much-needed lift to the mining companies last week when he invoked the Cold War powers to support the domestic production of battery minerals. Lithium, nickel, cobalt, manganese, and graphite are added to the critical items list. The president used the Defense Production Act to add these items.

Companies engaged in mining, processing, and recycling minerals in the US can now get access to a US$750-million fund administered by the Defense Department.

Here we discuss five mining stocks that gave positive returns over the past year.

Also Read: UNP to MANH: Top supply chain stocks to watch amid global concerns

Alpha Metallurgical Resources, Inc. (NYSE: AMR)

Closing price on April 4, 2022: US$121.42

Price range in last 52 weeks: US$139.36 to US$11.75

Bristol, Tennessee based Alpha Metallurgical Resources Inc is a coal mining company. Its mining operations consist of surface mines, underground mines, and coal preparation plants. 

For the year ended December 31, 2021, the company earned a revenue of US$2.26 billion compared to US$1.42 billion in the previous year. It generated a net income of US$288.8 million or US$15.30 per diluted share versus a net loss of US$446.9 million or US$24.42 per diluted share. 

The company has a market capitalization of US$2.38 billion. Its P/E ratio is 8.53, and its forward P/E for one year is 1.74.

The stock was up 1.75% to US$123.55 at 11:07 am ET on Tuesday.

Also Read: Top lithium stocks to explore in April: ALB, LTHM, LAC, SQM & PLL

Source: Pixabay

Also Read: Top fertilizer stocks: CF, MOS, CTVA and 2 more to explore in March

Allegheny Technologies Incorporated (NYSE: ATI)

Closing price on April 4, 2022: US$27.85

Price range in last 52 weeks: US$28.45 to US$13.85

Allegheny Technologies Inc supplies specialty metals to the defense, aerospace, automotive, oil and gas, electrical energy, and many other markets. The company is located in Pittsburgh, Pennsylvania.

The metal company reported revenue of US$2.8 billion in Fiscal 2021 compared to US$2.98 billion in the previous fiscal. It incurred a net loss of US$38.2 million or US$0.30 per diluted share compared to the net loss of US$1,572 million or US$12.43 per diluted share in FY 2020.

It had cash and cash equivalents of US$687.7 million as of December 31, 2021, reflecting a US$41.8 million increase YoY.

The company has a market capitalization of US$3.49 billion. Its P/E ratio is 27.30.

ATI stock was down 1.97% to US$27.30 at 11:08 am ET.

Also Read: NEE to GE: Top 5 green stocks to explore amid Russia-Ukraine turmoil

Century Aluminum Company (NASDAQ: CENX)

Closing price on April 4, 2022: US$26.62

Price range in last 52 weeks: US$30.36 to US$10.39

Century Aluminum Co. is engaged in producing primary aluminum standard grade and value-added products. It produces high purity aluminum, standard grade aluminum sow and tee bars, value-added billet, and foundry products. It is located in Chicago, Illinois.

Also Read: From FB, GOOGL to PINS: Top social media stocks to explore in April

For the fiscal year ended December 31, 2021, the company posted net sales of US$2.2 billion compared to US$1.6 billion in FY 2020. The net loss incurred in FY 2021 was US$167.1 million or US$1.85 per diluted share compared to US$123.3 million or US$1.38 per diluted share in the previous fiscal year. 

Its cash and equivalents were US$29 million as of December 31, 2021, compared to US$81.6 million as of December 31, 2020.

The company has a market capitalization of US$2.41 billion. Its P/E ratio is 6.13. CENX stock traded at US$26.48 with a 0.53% decline at 11:08 am ET.

Also Read: Top cloud stocks to explore in 2022: GOOGl, MSFT, ORCL, IBM & NTAP

United States Steel Corporation (NYSE: X)

Closing price on April 4, 2022: US$37.25

Price range in last 52 weeks: US$39.25 to US$17.98

Pittsburgh, Pennsylvania based United States Steel Corp is involved in producing strip mill plates, slabs, sheets, tin mill products, iron ore etc. 

For the fiscal year ended December 31, 2021, its revenue totalled to be US$20.3 billion compared to US$9.74 billion in the previous year. The net income came in at US$4.17 billion or US$14.88 per share diluted, compared to the net loss of US$1.17 billion or US$5.92 per share diluted for the fiscal year 2020. 

The company has a market capitalization of US$9.8 billion. Its P/E ratio is 2.58, and its dividend yield is 0.53%, with an annualized dividend of US$0.20.

The stock jumped 0.54% to US$37.45 at 11:08 am ET on Tuesday.

Also Read: Top blockchain stocks to explore: COIN, CME, RIOT, MARA & BITF

Also Read: When is blockchain company PrimeBlock going public?

Alcoa Corporation (NYSE: AA)

Closing price on April 4, 2022: US$90.9

Price range in last 52 weeks: US$

Alcoa is a vertically integrated aluminum company based in Pittsburgh, Pennsylvania. Its operations include bauxite mining, alumina refining, and the manufacturing of primary aluminum. 

The company generated revenue of US$12.15 billion in the Fiscal year 2021, an increase of 31% YoY compared to US$9.29 billion in FY 2020. Its net income came in at US$429 million or US$2.26 per share diluted compared to the net loss of US$170 million or US$0.91 per share diluted.

The company has a market capitalization of US$16.76 billion. Its P/E ratio is 41.13, and its dividend yield is 0.44%, with an annualized dividend of US$0.40.

AA stock fell 4.14% intraday to US$87.14 at 11:08 am ET on April 5, 2022.

Also Read: Is self-driving truck firm Plus eyeing US IPO after revoking SPAC deal?

Bottom line: 

The benchmark SPDR S&P Metals & Mining ETF (XME) returned 37.49% gains YTD, while the benchmark S&P 500 index fell 4.40% in the same period. Prices of metals and minerals have soared after the Russia-Ukraine war broke out. The market is currently volatile; hence, investors should exercise due diligence before investing in the stock market.


 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use on