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Highlights
- Allegheny Technologies Incorporated (NYSE:ATI) supplies metals. Its stock rose 47.24% YTD.
- Alpha Metallurgical Resources, Inc. (NYSE:AMR) stock surged 41.8% YTD. It runs underground and surface mines.
- Alcoa Corporation (NYSE:AA) is a vertically integrated aluminum company. Its stock gave a 29.56% return YTD.
As tensions build up over Russia’s imminent attack on Ukraine, global markets are worried over supplies. Russia is one of the leading suppliers of oil & gas, aluminum, nickel, and wheat. The commodity prices could skyrocket if a new round of Russian sanctions come into force.
Oil prices hit a seven-year high as the Ukraine crisis deepened. It is nearing US$100 a barrel.
The UK and Germany have announced fresh sanctions even as their western allies, including the US, plan a broader trade and political embargo against Moscow over its Ukraine actions.
A broader turmoil may push the global economy into a tailspin. Here we discuss seven metal and mining companies that might be worth watching at a time of geopolitical tensions.
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Allegheny Technologies Incorporated (NYSE:ATI)
Market Cap: US$3.02 billion
Closing Price on February 18, 2022: US$23.97
This specialty metals company, based in Pittsburg, Pennsylvania, supplies metals to industries such as aerospace, defense, oil and gas, electrical, energy, automotive, etc.
It earns most of its revenue from producing alloys based on nickel, titanium, etc. Allegheny also manufactures flat-rolled stainless-steel products.
For the fiscal year ended December 31, 2021, its sales were US$2.8 billion compared to US$2.98 billion for fiscal 2020.
The company incurred a net loss attributable to the company of US$38.2 million or US$0.30 per share diluted from a net loss of US$1,572 million or US$12.43 per share diluted a year ago.
Its cash rose to US$687.7 million as of December 31, 2021, compared to US$645.9 million on December 31, 2020. It has a forward P/E for one year of 26.93. The stock moved in the price range of US$25.29 to US$13.85 in the last 52 weeks.
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Source - Pixabay
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Alpha Metallurgical Resources, Inc. (NYSE:AMR)
Market Cap: US$1.68 billion
Closing Price on February 18, 2022: US$89.33
This coal mining company operates underground and surface mines. It is based in Bristol, Tennessee.
The domestic and international coke and steel producers use its low-ash metallurgical coal. Most of its revenue comes from the Met segment.
It will announce the fourth-quarter and full-year results on March 7, 2022.
For the third quarter ended September 30, 2021, its revenue almost doubled to US$648.8 million from US$335.6 million in Q3, 2020. The net income came in at US$83.26 million or US$4.40 per share diluted against a net loss of US$68.64 million or US$3.75 per share diluted in the previous year. AMR’s forward P/E for one year is 6.58. The stock traded in the price range of US$90.96 to US$11.13 in the last 52 weeks.
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Carpenter Technology Corporation (NYSE:CRS)
Market Cap: US$1.84 billion
Closing Price on February 18, 2022: US$38.07
Philadelphia, Pennsylvania-based Carpenter Technology supplies specialty metals to aerospace, defense, industrial machinery, consumer durables, medical sectors, etc. Most of its revenue comes from selling stainless steel, premium alloys, and titanium.
For the second quarter ended December 31, 2021, its revenue increased by 13.5% to US$396 million compared to US$348.8 million in the previous year’s quarter. It reduced its net loss in Q2, FY 2022. It was US$29.4 million or US$0.61 per share diluted compared to a net loss of US$84.9 million or US$1.76 per share diluted.
CRS has a dividend yield of US$2.1% and annualized dividend of US$0.80. The stock traded in the range of US$49.20 to US$26.84 in the last 52 weeks.
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Alcoa Corporation (NYSE:AA)
Market Cap: US$13.89 billion
Closing Price on February 18, 2022: US$78.2
Alcoa is a vertically integrated aluminum company engaged in alumina refining, bauxite mining, and primary aluminum manufacturing. The company has been recognized under sustainability leadership and was included in The Sustainability Yearbook 2022 of S&P Global.
For the fiscal year ended December 31, 2021, the sales were US$12.15 billion compared to US$9.29 billion in the previous year, and the net income was US$570 million against a net loss of US$14 million in fiscal 2020. The earnings per share diluted for FY 2021 came in at US$2.26 compared to a loss per share diluted of US$0.91 in FY 2020.
It has a P/E ratio of 34.13, and the forward P/E for one year is 9.74. The dividend yield is 0.51%, and the annualized dividend of US$0.40. The stock moved in the price range of US$78.37 to US$21.55 in the last 52 weeks.
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Universal Stainless & Alloy Products, Inc. (NASAQ: USAP)
Market Cap: US$91 million
Closing Price on February 18, 2022: US$10.17
Bridgeville, Pennsylvania-based Universal Stainless & Alloy Products Inc is engaged in manufacturing and marketing steel products, including semi-finished and finished products. Its portfolio includes stainless steel, tool steel, nickel alloys, etc.
In the fourth-quarter and full-year results, the company announced plans to acquire two additional VAR furnaces to support its growth and expand product applications. For the full year of 2021, its net sales totaled US$155.9 million compared to US$179.7 million in 2020.
The net loss was US$758 million or US$0.09 per share diluted compared to a net loss of US$19,047 million or US$2.16 per share diluted in 2020.
The USAP stock moved in the price range of US$12.47 to US$7.50 in the last 52 weeks.
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Century Aluminum Company (NASDAQ:CENX)
Market Cap: US$1.88 billion
Closing Price on February 18, 2022: US$21.33
Century Aluminum produces value-added and primary aluminum standard grade products. The aluminum company operates smelter facilities and produces high purity aluminum, value-added billet, and foundry products. It is based in Chicago, Illinois.
It will declare its fourth-quarter results on February 24, 2022.
The net sales for the quarter ended September 30, 2021, were US$581.4 million, and net loss stood at US$52.4 million or US$0.58 per share diluted. In Q3, 2020, the revenue came in at US$392.9 million, and the net loss was US$58.2 million or US$0.65 per share diluted.
The CENX stock traded in the range of US$21.64 to US$10.39 in the last 52 weeks.
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Ferroglobe PLC (NASDAQ:GSM)
Market Cap: US$1.42 billion
Closing Price on February 18, 2022: US$7.78
London-based Ferroglobe produces silicon metal and silicon & manganese-based alloy. Its customers come from the aluminum, solar, steel, specialty chemical, and ductile iron foundry industries.
The company will announce its Q4 and full-year results on March 3, 2022.
For the third quarter ended September 30, 2021, its sales increased by 63.4% YoY to US$429.2 million compared to US$262.7 million in Q3 2020.
The net loss was US$97.6 million compared to a net loss of US$46.8 million in the same quarter of 2020.
The diluted loss per share for Q3, 2021 and 2020 were US$0.54 and US$0.28, respectively.
The stock traded in the price range of US$11.25 to US$2.68 in the last 52 weeks.
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Bottomline
Aluminum and nickel prices may rise due to disruptions in global supplies if fresh sanctions are slapped on Russia. Hence, investors should apply due diligence before investing in stocks.
