Mining the Market: Check out these six metal stocks going bullish

Summary

  • TimkenSteel Corporation (NYSE: TMST) reported revenue of US$273.6 million in Q1, 2021.
  • Olympic Steel, Inc. (Nasdaq: ZEUS) reported a net income of US$1.8 million in FY 2020.
  • Arcelor Mittal NY (NYSE: M.T.) reported operating income of US$4.4 billion in Q2.

Metal stocks are companies that own or operate mines for exploration of steel, iron, aluminium, and other metals. Companies that produce metal products also fall in this category. In addition, metal companies provide various services to the steel and iron ore industry.

Here we explore top metal stocks that are less than US$50 and attracting investor interest.

TimkenSteel Corporation (NYSE: TMST)

TimkenSteel Corporation manufactures alloy steel, carbon, mechanical tubing, and steel components. Its products are used in oil and gas machinery, industrial equipment, mining.

Source: Pixabay.

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The stock of TMST traded at US$13.405 at 12.37 pm E.T. on July 30, down by 1.94 percent over the closing price of July 29. The stock value of the global company shot up by 186.72 percent YTD.

The market capitalization of the steel and iron company is US$611 million. The forward P/E one year is 7.08. And earnings per share (EPS) is US$-0.73. The highest and lowest stock value of the U.S. company is US$16.57 and US$3.45. The share volume is 171,665.

The steel component maker reported revenue of US$273.6 million in Q1, 2021 versus US$259.7 million in Q1, 2020. The net income of TMST in this quarter of 2021 is US$ 9.8 million, while the company incurred losses of US19.9 million in Q1 the previous year.

Olympic Steel, Inc. (Nasdaq: ZEUS)

Olympic Steel, Inc. is a metal service centre that supplies distribution and processing services. Its products include flat carbon products, flat metal products, and pipes.

The stock of the ZEUS traded at US$30.08 at 12.45 pm E.T. on July 30, a decrease of 2.97 percent over the closing price of July 29. The stock value of the US-based industry increased by 124.38 percent YTD.

The market capitalization of the iron and steel company is US$331 million. The P/E ratio is 21.72, while the forward P/E one year is 5.25. The EPS and the annual dividend are US$1.38 and US$0.08, respectively.

The highest and lowest stock prices of the multinational company for the last 52 weeks are US$40 and US$10.03. The share volume is 31,996.

The metal company reported revenue of US$463.1 million in the fiscal year of 2020 against US$354.4 million the previous year. Net income for 2020 was US$1.8 million, and losses for the previous year were US$0.9 million.

Ryerson Holding Corporation (NYSE: RYI)

A service centre company for aluminium, steel, and carbon products. The stock of the RYI traded at US$15.65 at 1 pm E.T. on July 30, down by 0.32 percent over the closing price of July 29. The stock value of the iron and steel enterprise went up by 15.18 percent YTD.

The market capitalization of the maker of flat and long steel is US$608 million. The forward P/E one year is 7.30, and the EPS is US$-1.50. The highest and lowest stock price of the global company is US$19.46 and US$5.24. The share volume is 24,049.

The revenue of the U.S. Company is 1.1 billion for Q1, 2021 against US$1 billion in Q1, 2020. And the net income for this period is US$25.3 million versus US$16.4 of Q1, 2020.

United States Steel Corporation (NYSE: X)

United States Steel Corporation produces flat-rolled, tubular steel and iron products.

The stock of the X traded at US$26.215 at 1.10 pm E.T. on July 30, up by 2.87 percent over the closing price of July 29. The stock value of the steelmaker shot up by 56.89 percent YTD.

The market capitalization of the iron-maker is US$7 billion. The P/E ratio is 8.65 and the forward P/E one year is 2.09. The EPS and annual dividend are US$3.04 and US$0.04, respectively.

 The lowest and highest stock value of the X for the last 52 weeks is US$6.63 and US$29.97. The share volume is 17,197,197.

The total revenue of the US-based industry is 9.7 billion for 2020 and US$12.5 billion for 2019. The company incurred losses of US$1.1 billion in 2020 and US$603 million in 2019.

Arcelor Mittal NY  (NYSE: M.T.)

Arcelor Mittal NY has coal, steel, and iron ore manufacturing and mining facilities across the globe. 

The stock of the M.T. traded at US$34.89 at 1.25 pm E.T. on July 30, down by 0.64 percent over the closing price of July 29. The stock value of the Luxembourg-based company went up by 55.59 percent YTD.

The market capitalization of the global operator is US$35.6 billion. The P/E ratio and the forward P/E one year are 5.64 and 3.30, respectively. The EPS and the annual dividend are US$6.18 and US$0.255.

The highest and lowest stock price for 52 weeks of the M.T. is US$35.45 and US$10.71. The share volume is 2,305,595.

The operating income for Q2, 2021 of the M.T. is US$4.4 billion. EBITDA is US$5.1 billion, while net income is US$4 billion. In addition, the company has returned US$1.6 billion through increased annual dividends and share buyback.

Source: Pixabay.

VALE S.A. (NYSE: VALE)

VALE S.A. produces iron, iron ore, raw material for steel making, and nickel.

The stock of the VALE traded at US$21.34 at 1.38 pm E.T. on July 30, down by 6.62 percent over the closing price of July 29. The stock value of the Brazil-based firm increased by 34.11 percent YTD.

The market capitalization of the global company is US$107 billion. The P/E ratio and the forward P/E one year are 6.49 and 3.77, respectively. The EPS and annual dividend are US$3.29 and US$2.196.

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The lowest and highest stock price of the VALE for 52 weeks is US$23.18 and US$10.29. The share volume is 23,664,462.

Net operating revenue in Q2, 2021 was US$16.7 billion, 122 percent up YoY. Adjusted earnings per share for this period was US$1.59.

 

 

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

 

 

 

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