Dernières nouvelles pour Eldorado Gold (NYSE:EGO) Stock

Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.

Eldorado Gold Corporation Ordinary Shares

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Shares of precious metals companies are trading lower amid a pullback in gold and silver.

<p><strong>Fission Uranium</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fcuuf#OTC">FCUUF</a>) has completed the hearing before the Supreme Court of British Columbia regarding the approval of the final order for its acquisition by Paladin Energy Limited. The hearing began before the Court on Sept. 13, 2024, and ended on Sept. 26. Its decision on the final order is expected in the coming weeks.</p>
<p>Fission&#39;s acquisition by Paladin Energy, however, remains opposed by CGN Mining Company Limited (&quot;CGN&quot;), which holds an 11.26% stake in Fission. CGN is a subsidiary of China General Nuclear Power Corp.</p>
<p>Fission&#39;s shareholders voted in favor of the acquisition at the special meeting held on Sept. 9, 2024. The closure of the acquisition currently remains subject to receipt of the final order and clearance under the Investment Canada Act, as well as other customary conditions.</p>
<h2>Fission Uranium-Paladin Energy Merger Overview</h2>
<p>Fission Uranium inked the deal with the Australian miner, Paladin Energy , in June 2024. Per the agreement, Paladin Energy would acquire FCUUF&#39;s outstanding shares for an implied total equity value of C$1.14 billion ($0.846 billion).</p>
<p>The acquisition, if successful, will create a company with a pro forma market capitalization of $3.5 billion. It will be placed among the largest pure-play global uranium companies with a combined mineral resource of 544 million pounds of uranium and ore reserves of 157 million. It will have a solid portfolio of exploration, development and production assets, and a substantially increased international capital markets exposure.</p>
<p>Fission Uranium&#39;s shareholders will receive 0.1076 fully paid shares of Paladin Energy for each share held in FCUUF. On completion, existing Paladin Energy and Fission Uranium shareholders will own around 76% and 24% of the combined entity, respectively.</p>
<p>Paladin Energy has applied for the listing of its shares on the Toronto Stock Exchange concurrent with the completion of the transaction. Consequently, Fission Uranium shareholders will receive TSX-listed Paladin Energy shares.</p>
<h2>FCUUF Buyout to Strengthen Paladin Energy&#39;s Uranium Portfolio</h2>
<p>Paladin Energy is an independent uranium producer with 75% ownership of the world-class long-life Langer Heinrich Mine located in Namibia. It also owns a portfolio of uranium exploration and development assets in Canada and Australia.&nbsp; Through its Langer Heinrich Mine, it delivers uranium to major nuclear utilities across the world. It has a 17-year estimated mine life and a nameplate annual capacity of 6 million pounds of uranium.</p>
<p>The acquisition of Fission Uranium will make Paladin Energy the 100% owner of the Patterson Lake South uranium property. It is a proposed high-grade uranium mine and mill in Canada&#39;s Athabasca Basin region. The feasibility study for the property projects a 10-year mine life with an annual production of 9.1 million pounds of uranium.</p>
<p>This move will help Paladin Energy capitalize on the growing demand for uranium. Several factors are driving this demand, such as the need for more electricity generation and the global push to decarbonize electrical grids, among others.</p>
<p>Over the past few years, the global uranium market has undergone a shift from an inventory-driven to a production-driven market.&nbsp; Underinvestment in uranium mining operations over the past decade has been the reason for a structural deficit between global production and uranium requirements.&nbsp; In 2024 and 2025, the gap between production and demand is projected to be more than 66 million pounds of uranium. This gap is expected to reach more than 400 million pounds by 2034. Uranium prices will be supported by robust demand and tight supply.</p>
<h2>Fission Uranium Stock&#39;s Price Performance</h2>
<p>Shares of Fission Uranium have gained 11.1% in the past year compared with the industry&#39;s 37.7% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8a/79511.jpg?v=1484847009" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>FCCUF&#39;s Zacks Rank &amp; Stocks to Consider</h2>
<p>Fission Uranium currently carries a Zacks Rank #3 (Hold).</p>
<p>Some better-ranked stocks from the basic materials space are <strong>Carpenter Technology Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and <strong>IAMGOLD Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>). Each of these stocks sports a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share. The consensus estimate for earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS&#39; shares have gained 129% in a year.</p>
<p>The consensus estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for earnings has moved 16% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO&#39;s shares have gained 106% in a year.</p>
<p>The Zacks Consensus Estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share. The consensus estimate for earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. IAG&#39;s shares have gained 160% in a year.</p>
<p><a href="https://www.zacks.com/stock/news/2342763/fission-uranium-awaits-court-decision-on-acquisition-by-paladin-energy?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2342763">To read this article on Zacks.com click here.</a></p>


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FCUUF

Fission Uranium Awaits Court Decision on Acquisition by Paladin Energy

SAND

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

<p><strong>Air Products and Chemicals, Inc.</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) shares have shot up 21.2% over the past six months. The company has also outperformed its industry&#39;s rise of 0.1% over the same time frame. APD has also topped the S&amp;P 500&#39;s roughly 9.2% rise over the same period.</p>
<p>Let&#39;s take a look into the factors that are driving APD stock.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5b/78743.jpg?v=1485300731" /><br />
Image Source: Zacks Investment Research</p>
<h2>APD Gains on High-return Projects &amp; Productivity Actions</h2>
<p>Air Products is benefiting from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.</p>
<p>APD is realizing the benefits of the completion of the second phase of the Jazan project in Saudi Arabia. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.</p>
<p>Air Products is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins moving ahead. The company also remains focused on improving pricing amid an inflationary environment.</p>
<p>The company also remains committed to maximizing returns to shareholders leveraging strong balance sheet and cash flows. Air Products&#39; board, earlier this year, increased its quarterly dividend to $1.77 per share. This marked the 42nd straight year of dividend increase. APD paid roughly $1.5 billion in dividends to shareholders in 2023. It expects to return roughly $1.6 billion to shareholders through dividends in 2024.</p>
<p>APD&#39;s adjusted earnings per share of $3.20 for the fiscal third quarter topped the Zacks Consensus Estimate of $3.04. It continues to expect fiscal 2024 adjusted earnings per share of $12.20-$12.50, suggesting a 6-9% increase from the previous year.</p>
<div class="chart_embed">
<h3>Air Products and Chemicals, Inc. Stock Price and Consensus</h3>
<p><img alt="Air Products and Chemicals, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/e0/1727086687.png" style="height:265px; width:590px" title="" /></p>
<p><span style="font-size:13px">Air Products and Chemicals, Inc. price-consensus-chart</span><span style="font-size:13px"> | </span><span style="font-size:13px">Air Products and Chemicals, Inc. Quote</span></p>
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<h2>APD&#39;s Zacks Rank &amp; Other Key Picks</h2>
<p>APD currently carries a Zacks Rank #3 (Hold).</p>
<p>Better-ranked stocks in the Basic Materials space are <strong>IAMGOLD Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>), <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and <strong>Hawkins, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>). While IAMGOLD and Eldorado Gold sport a Zacks Rank #1 (Strong Buy), Hawkins carries a Zacks Rank #2 (Buy).</p>
<p>The Zacks Consensus Estimate for IAMGOLD&#39;s current-year earnings has increased by 46.4% in the past 60 days. IAG beat the consensus estimate in each of the last four quarters with the average surprise being 200%. Its shares have shot up roughly 153% in the past year.</p>
<p>The consensus estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.40 per share, indicating a year-over-year rise of 145.6%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 83% in the past year.</p>
<p>The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. The stock has rallied around 106% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2340102/air-products-stock-up-21-in-6-months-what-s-driving-the-rise?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2340102">To read this article on Zacks.com click here.</a></p>


Earnings Beats

Large Cap

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HWKN

Air Products Stock Up 21% in 6 Months: What's Driving the Rise?

<p><strong>Cabot Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbt#NYSE">CBT</a>) recently announced that the U.S. Department of Energy&#39;s (&quot;DOE&quot;) Office of Manufacturing and Energy Supply Chains has selected it for an award negotiation for up to $50 million. This award, which is part of the Bipartisan Infrastructure Law, will help Cabot develop a new manufacturing facility in the United States to make battery-grade carbon nanotubes (CNTs) and conductive additive dispersions on a commercial scale.</p>
<p>These minerals are crucial to the domestic lithium-ion battery supply chain for electric cars (EVs) and the electrical grid, reducing reliance on imports. The DOE funding will cover approximately 30% of the project&#39;s entire anticipated investment of $181 million. Cabot intends to revitalize, retrofit and restore a former automotive site in Wayne County, MI, to become the United States&#39; first production facility for battery-grade CNTs and conductive additive dispersions.</p>
<p>Cabot has teamed up with the North American Building Trades Union, the International Chemical Workers Union Council and the Michigan Building and Construction Trades Council to support this project, which is expected to generate hundreds of new construction and full-time manufacturing jobs. This new manufacturing operation will strengthen the domestic supply chain for crucial battery ingredients, lowering dependency on foreign imports.</p>
<p>This investment emphasizes Cabot&#39;s role as a key participant in the energy transition, offering breakthrough material solutions not only in battery technologies but also throughout the energy storage and management ecosystem. Cabot&#39;s contributions go beyond conductive additives, including aerogels for improved thermal management, metal oxides for cathode durability and novel carbons for fuel cell optimization, all of which are critical for the next generation of sustainable energy solutions.</p>
<p>Shares of Cabot have gained 62% in the past year against a 1.4% decline of the industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4b/78742.jpg?v=1030981076" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>CBT anticipates fiscal 2024 adjusted earnings per share of $7.00 to $7.10. This range represents a 30 cents increase at the midpoint, driven by the company&#39;s expectations for improved results in the Performance Chemicals segment due to higher demand and a more favorable product mix compared to the first half of the year, as well as continued strong results in the Reinforcement Materials unit.</p>
<div class="chart_embed">
<h3>Cabot Corporation Price and Consensus</h3>
<h2><img alt="Cabot Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/99/1727087188.png" style="height:265px; width:583px" title="" /></h2>
<p>Cabot Corporation price-consensus-chart | Cabot Corporation Quote</p>
</div>
<h2>Zacks Rank &amp; Key Picks</h2>
<p>CBT currently carries a Zacks Rank #3 (Hold).</p>
<p>Better-ranked stocks in the basic materials space include <strong>Carpenter Technology Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), <strong>Eldorado Gold Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and <strong>Hawkins, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>).</p>
<p>Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 111.7% in the past year.</p>
<p>The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71.6% in the past year.</p>
<p>The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #2 (Buy) stock, has rallied around 99.1% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2339654/cabot-chosen-for-50m-award-negotiation-to-aid-battery-supply-chain?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2339654">To read this article on Zacks.com click here.</a></p>


Cabot Chosen for $50M Award Negotiation to Aid Battery Supply Chain

<p><strong>Lyondellbasell Industries N.V.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyb#NYSE">LYB</a>) and Dacia recently partnered on the external design of the All-New Dacia Duster. The vehicle, known for its rugged elegance, now includes the durable &quot;Starkle&quot; material, owing to LYB&#39;s CirculenRecover portfolio. These innovative CirculenRecover polypropylene (PP) compounds utilize recycled materials and add a distinctive look to the All-New Duster model.</p>
<p>The development of CirculenRecover polymers demonstrates LYB&#39;s constant dedication to creating solutions for everyday sustainable living. The innovative material not only improves the appearance of vehicles but also aligns with LYB customers&#39; sustainability objectives.</p>
<p>The CirculenRecover polymer, a PP compound containing 20% recycled PP obtained through mechanical recycling, is created from post-industrial waste removed from the manufacturing process of items such as flexible packaging. Compared to virgin materials, this reduces CO2 emissions, demonstrating Dacia&#39;s commitment to sustainability. It is included in Dacia&#39;s &quot;Starkle&quot; material, which is utilized in exterior pieces like bumpers, trims and body side moldings on the All-New Duster model. The polymers not only function well on automobile exteriors but also provide a mold-in-color special effect with particles that showcase the usage of recycled content. This single-material solution removes additional steps, improves design efficiency and has the potential to increase part recyclability.</p>
<p>The All-New Dacia Duster showcases whether sustainability and modern design can coexist. LYB and Dacia are collaborating to set a new benchmark for automotive design and inspire the industry to embrace a more sustainable future.</p>
<p>Shares of LyondellBasell have lost 4% over the past year compared with a 4.3% decline of its industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/57/78380.jpg?v=1865442346" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>For the third quarter, LyondellBasell expects margins to gain from the lower costs of natural gas and natural gas liquids used in its North American and Middle Eastern production against higher oil-based expenses in most other locations. With the ongoing summer driving season, oxyfuel margins are projected to stay higher than historical levels because of high octane premiums.&nbsp;</p>
<p>LYB intends to operate its assets in line with market demand in the third quarter, with average operating rates of 85% for North American olefins and polyolefins (O&amp;P) assets, 80% for European O&amp;P assets and 75% for Intermediates &amp; Derivatives.</p>
<div class="chart_embed">
<h3>LyondellBasell Industries N.V. Price and Consensus</h3>
<h2><img alt="LyondellBasell Industries N.V. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/4a/1726741290.png" style="height:265px; width:584px" title="" /></h2>
<p>LyondellBasell Industries N.V. price-consensus-chart | LyondellBasell Industries N.V. Quote</p>
</div>
<h2>LYB&#39;s Zacks Rank &amp; Key Picks</h2>
<p>LYB currently carries a Zacks Rank #3 (Hold).</p>
<p>Better-ranked stocks in the basic materials space include <strong>Carpenter Technology Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and <strong>Hawkins, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>).</p>
<p>Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 111.7% in the past year.</p>
<p>The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71.6% in the past year.</p>
<p>The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #2 (Buy) stock, has rallied around 99.1% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2338317/lyondellbasell-dacia-develop-recycled-solution-for-duster-model?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2338317">To read this article on Zacks.com click here.</a></p>


LyondellBasell & Dacia Develop Recycled Solution for Duster Model

Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

<p>U.S. stock futures were higher this morning, with the Dow futures gaining over 1% on Thursday.</p>
<p>Shares of <strong>Steelcase Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/40929014/steelcase-stock-falls-after-q2-revenue-miss-details">second-quarter revenue results</a>.</p>
<p>Steelcase reported quarterly earnings of 39 cents per share, which beat the analyst consensus estimate of 37 cents. Quarterly revenue of $855.8 million missed the analyst consensus estimate of $864.1 million by 0.96%.</p>
<p>Steelcase shares dipped 8.9% to $12.85 in pre-market trading.</p>
<p>Here are some big stocks recording losses in today's pre-market trading session.</p>
<ul>
<li><strong>Progyny, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) fell 23.2% to $18.78 in pre-market trading.</li>
<li><strong>Veea Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 15.8% to $10.31 in pre-market trading. Veea shares jumped 131% on Wednesday after the company announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
<li><strong>Eldorado Gold Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) shares declined 4.9% to $16.23 in pre-market trading.</li>
<li><strong>Instil Bio, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) shares fell 3.2% to $64.02 in pre-market trading. The company recently announced the global registrational strategy for the PD-L1xVEGF bispecific antibody SYN-2510/IMM2510 in combination with chemotherapy in front-line non-small cell lung cancer and in front-line triple-negative breast cancer.</li>
<li><strong>American Healthcare REIT, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) shares declined 3% to $23.79 in pre-market trading. American Healthcare REIT priced its upsized public offering of 17.4 million common shares at $23.55 per share.</li>
<li><strong>Applied Therapeutics, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLT#NASDAQ">APLT</a>) shares fell 2.6% to $7.65 in pre-market trading. Applied Therapeutics shares jumped around 69% on Wednesday after the FDA communicated that an advisory committee meeting would no longer be required.</li>
<li><strong>Hertz Global Holdings, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NYSE">HTZ</a>) shares fell 1.6% to $3.64 in pre-market trading.</li>
</ul>
<p><strong>Now Read This: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/earnings/24/09/40925678/fedex-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-an">FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></strong></li>
</ul>


Pre-Market Outlook

Movers

APLT

PGNY

VEEA

Steelcase Reports Weak Sales, Joins American Healthcare REIT And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

<p><strong>Steel Dynamics, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stld#NASDAQ">STLD</a>) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company&#39;s second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.</p>
<p>STLD&#39;s steel operations profitability is expected to be significantly lower than&nbsp; the second quarter due to reduced average realized pricing in the flat rolled operations. Approximately 80% of this business is contract-based, linked to lagging pricing indices. However, flat rolled steel prices have stabilized and are showing improvement, with underlying demand remaining consistent.</p>
<p>The metals recycling division&#39;s earnings for the third quarter of 2024 are anticipated to be in line with second-quarter results, as steady volumes offset the impact of slightly lower realized pricing.</p>
<div class="chart_embed">
<h3>Steel Dynamics, Inc. Price and Consensus</h3>
<p><img alt="Steel Dynamics, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/e7/1726572063.png" style="height:265px; width:587px" title="" /></p>
<p><span style="font-size:13px">Steel Dynamics, Inc. price-consensus-chart</span><span style="font-size:13px"> | Steel Dynamics, Inc. Quote</span></p>
<p>In the steel fabrication segment, earnings are forecasted to be moderately lower than the previous quarter due to a slight dip in average realized pricing. However, the order backlog remains steady and extends into the first quarter of 2025, with pricing at attractive levels. Current order activity is stable and demand is expected to grow in 2025, fueled by an expected decline in interest rates, the U.S. infrastructure program and increasing onshoring efforts. This growth is likely to benefit not only steel joist and deck products but also flat rolled and long product steels.</p>
</div>
<p>Demonstrating continued confidence in the company&#39;s earnings outlook and cash flow, Steel Dynamics repurchased $307 million worth of its common stock through Sept. 11, 2024.</p>
<p>Shares of Steel Dynamics have gained 13.1% in the past year against a 14.3% decline in its industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/11/77996.jpg?v=586377325" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>STLD&#39;s Zacks Rank &amp; Key Picks</h2>
<p>Steel Dynamics currently carries a Zacks Rank #3 (Hold).</p>
<p>Some better-ranked stocks in the Basic Materials space are <strong>Hawkins, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), <strong>Carpenter Technology Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14 per share, indicating a rise of 15.3% from the year-ago level. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days.The stock has rallied around 95% in the past year.</p>
<p>The Zacks Consensus Estimate for Carpenter Technology&#39;s current-year earnings is pegged at $6.06 per share, indicating a rise of 27.9% from the year-ago level. CRS&#39; earnings beat the consensus estimate in each of the trailing four quarters, with the average surprise being 15.9%. The stock has surged nearly 108.8% in the past year.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the trailing four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have surged nearly 75.3% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2336978/steel-dynamics-expects-lower-q3-earnings-amid-pricing-pressures?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2336978">To read this article on Zacks.com click here.</a></p>


Guidance

Contracts

STLD

Steel Dynamics Expects Lower Q3 Earnings Amid Pricing Pressures

GATO

PAAS

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent inflation data.

<p><strong>Kronos Worldwide, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kro#NYSE">KRO</a>) is expected to benefit from higher demand for titanium dioxide (TiO2) and easing pricing pressure this year. Cost-reduction initiatives are also expected to support margins.</p>
<p>We are positive about KRO&#39;s prospects and believe that the time is right for you to add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead.</p>
<p>Let&#39;s take a look into the factors that make this Zacks Rank #2 (Buy) stock a compelling choice for investors right now.</p>
<h2>Kronos Worldwide&#39;s Stock Outperforms Industry</h2>
<p>KRO has outperformed the industry it belongs to over the past year. The company&#39;s shares have rallied 32.8% compared with a 9.6% decline of the industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6e/77269.jpg?v=1616124123" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Solid Earnings Growth Prospects for KRO</h2>
<p>The Zacks Consensus Estimate for earnings for 2024 for Kronos Worldwide is currently pegged at 88 cents, reflecting an expected year-over-year growth of 304.7%. Earnings are also expected to register a 288.9% growth in third-quarter 2024.</p>
<h2>KRO&#39;s Earnings Estimates Northbound</h2>
<p>Earnings estimates for KRO have been going up over the past 60 days. The Zacks Consensus Estimate for 2024 has increased by 3.5%. The consensus estimate for the third quarter has also been revised 9.7% upward over the same time frame. The favorable estimate revisions instill investor confidence in the stock.</p>
<h2>Higher TiO2 Demand, Cost Actions Aid Kronos Worldwide</h2>
<p>Kronos is well-positioned to gain from higher demand for TiO2 in major markets. Per the company, TiO2 consumption has increased at a compound annual growth rate of around 2% since 2000. Western Europe and North America account for roughly 14% and 15% of global TiO2 consumption, respectively. These regions are expected to continue to be the biggest consumers of TiO2. Markets for TiO2 are growing in South America, Eastern Europe, the Asia Pacific region and China.</p>
<p>The company expects sales volumes in 2024 to exceed 2023 levels factoring in the recently experienced improved demand and expectations that demand will continue to improve this year.</p>
<p>Kronos Worldwide is also taking actions to reduce costs and align production and inventories to expected demand levels, which are expected to support its margins. It has increased its production rates in sync with current and expected near-term demand improvement. It expects its production rates for the balance of 2024 to be higher than the level witnessed in 2023.</p>
<p>The company&#39;s internal cost initiatives are also expected to continue to support margins in 2024. Reduced energy costs along with its cost-cutting initiatives and the realization of selling price increases are likely to result in improved margins on a year-over-year basis this year. The company has undertaken TiO2 selling price hikes, which need to be sustained to attain margins in line with historical levels. KRO expects to report higher operating results on a year-over-year basis for full-year 2024 based on the expected improved demand, higher selling prices and reduced production costs.</p>
<div class="chart_embed">
<h3>Kronos Worldwide Inc Price and Consensus</h3>
<p><img alt="Kronos Worldwide Inc Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/76/1726047534.png" style="height:265px; width:580px" title="" /></p>
<p><span style="font-size:13px">Kronos Worldwide Inc price-consensus-chart</span><span style="font-size:13px"> | </span><span style="font-size:13px">Kronos Worldwide Inc Quote</span></p>
</div>
<h2>Stocks to Consider</h2>
<p>Other top-ranked stocks in the Basic Materials space are, <strong>Hawkins, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), <strong>IAMGOLD Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and <strong>Eldorado Gold Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. The stock has rallied around 103% in the past year.</p>
<p>The consensus estimate for IAMGOLD&#39;s current-year earnings has increased by 46.4% in the past 60 days. IAG beat the consensus estimate in each of the last four quarters with the average surprise being 200%. Its shares have shot up 111% in the past year.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 69% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2334557/here-s-why-you-should-buy-kronos-worldwide-stock-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2334557">To read this article on Zacks.com click here.</a></p>


Here's Why You Should Buy Kronos Worldwide Stock Right Now

<p><strong>Air Products and Chemicals, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) is expected to gain from its project investments, productivity actions and new business deals amid the softness in China and Europe.</p>
<p>The company&#39;s shares have lost 9.6% over a year compared with a 10.6% decline of its industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/96/77101.jpg?v=847617279" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Let&#39;s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.</p>
<p>&nbsp;</p>
<h2>High-return Projects and Productivity Actions Aid APD Stock</h2>
<p>Air Products is well-placed to benefit from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.</p>
<p>APD is realizing the benefits of the completion of the second phase of the Jazan project in Saudi Arabia. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.</p>
<p>Air Products is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins moving ahead. The company also remains focused on improving pricing amid an inflationary environment.</p>
<p>The company also remains committed to maximizing returns to shareholders leveraging strong balance sheet and cash flows. Air Products&#39; board, in January 2024, increased its quarterly dividend to $1.77 per share. This marked the 42nd straight year of dividend increase. APD paid roughly $1.5 billion in dividends to shareholders in 2023. It expects to return roughly $1.6 billion to shareholders through dividends in 2024.</p>
<h2>Softness in China &amp; Europe a Worry for Air Products</h2>
<p>The slowdown in China and Europe may affect APD&#39;s business in these regions. The sluggish China economy is impacting volumes in the Industrial Gases - Asia segment. A slower economic recovery in China and the softness in electronics may continue to affect the segment&#39;s volumes.</p>
<p>Air Products is also seeing weak demand for merchant products in Europe. Its volumes in Europe rose modestly year-over-year in the fiscal third quarter as the contribution of the new assets in Uzbekistan offset weaker merchant volumes. The lack of growth in industrial output in Europe is a concern for the near term.</p>
<div class="chart_embed">
<h3>Air Products and Chemicals, Inc. Price and Consensus</h3>
<p><img alt="Air Products and Chemicals, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/3f/1725958852.png" style="height:265px; width:590px" title="" /></p>
<p><span style="font-size:13px">Air Products and Chemicals, Inc. price-consensus-chart</span><span style="font-size:13px"> | Air Products and Chemicals, Inc. Quote</span></p>
</div>
<h2>Stocks to Consider</h2>
<p>Better-ranked stocks in the Basic Materials space are, <strong>Hawkins, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), <strong>Element Solutions Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. The stock has rallied around 101% in the past year.</p>
<p>The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 64% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2333874/here-s-why-you-should-hold-onto-air-products-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333874">To read this article on Zacks.com click here.</a></p>


Here's Why You Should Hold Onto Air Products Stock for Now

<p><strong>FMC Corporation</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) shares have gained 9.6% over the past three months. The company has also outperformed its industry&#39;s decline of 7.8% over the same time frame. FMC has also topped the S&amp;P 500&#39;s roughly 2.9% rise over the same period.</p>
<p>Let&#39;s dive into the factors behind this Zacks Rank #3 (Hold) stock&#39;s price appreciation.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/25/76914.jpg?v=1710638083" style="height:412px; width:610px" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>New Products, Restructuring Actions Aid FMC Stock</h2>
<p>FMC delivered better-than-expected results in the second quarter on the back of higher volumes. It saw improved demand in the quarter, leading to an increase in sales volumes, especially in the United States and Brazil. The company is gaining from efforts to expand its product portfolio through new product launches and restructuring actions.</p>
<p>FMC is investing in technologies as well as new product launches to enhance value to the farmers. New products launched in Europe, North America and Asia are gaining significant traction. Product introductions are expected to support the company&#39;s results this year.</p>
<p>The company generated $590 million in sales in 2023 from new products launched in the past five years. It expects revenues from new products to grow by roughly $200 million in 2024. It expects a significant amount of volume growth to come from new products in the second half of 2024. FMC is seeing strong gains in new products including Coragen eVo and Premio Star insecticides and the Onsuva fungicide in Latin America.</p>
<p>The acquisition of BioPhero ApS, a Denmark-based pheromone research and production company, also adds biologically produced state-of-the-art pheromone insect control technology to the company&#39;s product portfolio and R&amp;D pipeline, highlighting FMC&#39;s role as a leader in delivering innovative and sustainable crop protection solutions.</p>
<p>FMC is also expected to benefit from reduced input costs, a favorable product mix and its cost-control actions. It benefited from favorable input costs in the second quarter of 2024. FMC is also making progress with its global restructuring and cost-reduction program. It sees benefits from restructuring to contribute $75-$100 million to full-year 2024 adjusted EBITDA, net of inflation.</p>
<div class="chart_embed">
<h3>FMC Corporation Price and Consensus</h3>
<p><img alt="FMC Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/18/1725873589.png" style="height:265px; width:576px" title="" /></p>
<p><span style="font-size:13px">FMC Corporation price-consensus-chart | FMC Corporation Quote</span></p>
</div>
<h2>Stocks to Consider</h2>
<p>Better-ranked stocks in the Basic Materials space are <strong>Newmont Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), <strong>Element Solutions Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75.2% from year-ago levels. The Zacks Consensus Estimate for NEM&#39;s earnings has increased 16% in the past 60 days. The stock has rallied around 29% in the past year.</p>
<p>The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 61% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2333348/fmc-shares-rise-10-in-3-months-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2333348">To read this article on Zacks.com click here.</a></p>


FMC Shares Rise 10% in 3 Months: What's Driving the Stock?

<p><strong>Eastman Chemical Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emn#NYSE">EMN</a>) is benefiting from cost-cutting and productivity actions as well as its innovation-driven growth model amid challenges from soft demand in certain markets.</p>
<p>Shares of EMN are up 22.1% over the past year compared with a 7.4% decline of its industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/40/76792.jpg?v=1565582696" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Let&#39;s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.</p>
<h2>Eastman Chemical Gains on Cost Actions &amp; Innovation</h2>
<p>Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating costs from its operational transformation program in 2024.</p>
<p>EMN is taking action to keep its manufacturing and administrative costs in control. It achieved cost savings of around $200 million in 2023, net of inflation.&nbsp; Pricing initiatives and lower raw material and energy costs are also expected to support the company&#39;s bottom line. The company plans to maintain pricing discipline and improve asset utilization throughout the year.</p>
<p>Eastman aims to increase new business revenues by utilizing its innovation-driven growth strategy. Innovation and market development initiatives are expected to support its sales volumes. Its specialty portfolio is expected to drive sales growth across key end markets such as consumer durables, building &amp; construction and transportation.</p>
<p>The company is also expected to gain from the revenues and earnings generated by its Kingsport methanolysis facility in 2024. It anticipates a $50 million incremental EBITDA contribution from the Kingsport facility.</p>
<p>Eastman Chemical also remains focused on maintaining a disciplined approach to capital allocation with an emphasis on debt reduction. It returned $526 million to shareholders in 2023 through dividends and share repurchases. It also raised its dividend for the 14th consecutive year. EMN expects to repurchase shares worth around $300 million in 2024.</p>
<h2>Demand Weakness a Concern for EMN Stock</h2>
<p>EMN is exposed to headwinds from weak demand in certain markets. It is seeing soft demand in building &amp; construction and cautious customer behavior in consumer durables and electronics. Demand in building &amp; construction remains sluggish in most regions.</p>
<p>While Eastman Chemical is seeing an end of customer inventory de-stocking across most of its end markets, the same is expected to continue in medical applications in the second half of 2024. Weaker demand is expected to adversely impact its performance in the third quarter of 2024.</p>
<div class="chart_embed">
<h3>Eastman Chemical Company Price and Consensus</h3>
<p><img alt="Eastman Chemical Company Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/3c/1725614461.png" style="height:265px; width:583px" title="" /></p>
<p>Eastman Chemical Company price-consensus-chart | Eastman Chemical Company Quote</p>
</div>
<h2>Stocks to Consider</h2>
<p>Better-ranked stocks in the Basic Materials space are <strong>Newmont Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), <strong>Element Solutions Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75.2% from year-ago levels. The Zacks Consensus Estimate for NEM&#39;s earnings has increased 16% in the past 60 days. The stock has rallied around 35% in the past year.</p>
<p>The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 73% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2332583/here-s-why-you-should-hold-onto-eastman-chemical-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2332583">To read this article on Zacks.com click here.</a></p>


Here's Why You Should Hold Onto Eastman Chemical Stock for Now

<p><strong>Element Solutions Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) has agreed to sell its flexographic printing plate business, MacDermid Graphics Solutions, to XSYS &mdash; a global specialist provider in the flexographic printing space &mdash; for an enterprise value of around $325 million. The transfer involves substantially all of Graphics Solutions reporting vertical of Element Solutions. An existing capital loss is expected to offset almost all of the taxable benefits from this transaction.</p>
<p>The net proceeds are intended to be used to further reduce leverage and for general company objectives. The acquisition is projected to close in late 2024 or the first half of 2025, depending on usual closing conditions, adjustments and regulatory approvals.</p>
<p>MacDermid Graphics is a quality business that is not core to Element Solutions&#39; portfolio or long-term vision, ESI noted. XSYS provides an excellent environment for its exceptional workforce. ESI&#39;s portfolio will be more concentrated and better positioned for faster growth and higher cash flow conversion in the future, with a stronger balance sheet to explore future growth opportunities in its core markets.</p>
<p>Shares of Element Solutions have gained 23% over the past year against a 9.3% decline of its industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a7/76646.jpg?v=1072801301" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>ESI, on its second-quarter call, said that it now expects adjusted EBITDA in the range of $530-$545 million for 2024. The company anticipates generating a free cash flow in the range of $280-$300 million for the year.</p>
<div class="chart_embed">
<h3>Element Solutions Inc. Price and Consensus</h3>
<h2><img alt="Element Solutions Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/82/1725528174.png" style="height:265px; width:577px" title="" /></h2>
<p>Element Solutions Inc. price-consensus-chart | Element Solutions Inc. Quote</p>
</div>
<h2>Zacks Rank &amp; Other Key Picks</h2>
<p>ESI currently carries a Zacks Rank #1 (Strong Buy).</p>
<p>Other top-ranked stocks in the basic materials space include <strong>Carpenter Technology Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), <strong>Eldorado Gold Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and <strong>Newmont Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>).</p>
<p>Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 108.4% in the past year.</p>
<p>The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. The Zacks Consensus Estimate for EGO&#39;s current-year earnings has been going up in the past 30 days. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71% in the past year.</p>
<p>The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75% from the year-ago level. The consensus mark for NEM&#39;s earnings has increased 14% in the past 60 days. NEM, a Zacks Rank #1 stock, has gained nearly 32.9% in the past year.&nbsp;</p>
<p><a href="https://www.zacks.com/stock/news/2331839/element-solutions-agrees-to-divest-macdermid-graphics-solutions?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2331839">To read this article on Zacks.com click here.</a></p>


Element Solutions Agrees to Divest MacDermid Graphics Solutions

CENX

MTRN

USAP

VALE

ZEUS

Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

<p><strong>Suzano S.A. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/suz#NYSE">SUZ</a>) announced that it closed the previously mentioned acquisition of a 15% stake in Lenzing from its current majority stakeholder, <strong>B&amp;C Group</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgc#NASDAQ">BGC</a>). This move will help Suzano expand in new markets.</p>
<h2>Details on Suzano&#39;s Deal With B&amp;C</h2>
<p>In June 2024, Suzano and B&amp;C announced that they would form a long-term syndicate to together hold a 52.25% stake in the Vienna-based cellulosic fibers supplier company, Lenzing. Per their deal, Suzano will acquire a 15% stake in Lenzing and B&amp;C will hold the majority of the stake (37.25%) and remain the controlling member of the new syndicate.</p>
<p>Along with the 15% stake, Suzano received the right to two seats on Lenzing&#39;s board of directors.</p>
<p>As part of the long-term partnership, Suzano has the choice to acquire another 15% stake in Lenzing&nbsp;from B&amp;C until 2028.</p>
<h2>Transaction to Boost Lenzing &amp; SUZ&#39;s Position</h2>
<p>Lenzing is a global supplier of premium cellulosic fibers for the textile and non-woven industry. This deal will further strengthen Lenzing&#39;s position as a global market leader for sustainable cellulosic fibers. SUZ aims to boost Lenzing&#39;s position with its established technology, product range and technical knowledge.</p>
<p>SUZ will gain from Lenzing&#39;s deep-rooted understanding of pulp production and cost excellence. The partnership will help Suzano strengthen its competitive position and global presence.</p>
<p>The transaction marks the continuation of Suzano&#39;s strategy to focus on investments, which will enlarge its addressable market in scalable and competitive business models. The investment also moves the company closer to end consumers.</p>
<h2>Suzano&#39;s Q2 Performance</h2>
<p>In the second quarter of 2024, the company reported net sales of $2.2 billion, up from $1.8 billion in the prior-year quarter. The company reported an adjusted loss of 56 cents in the quarter under review against the prior-year quarter&#39;s earnings of 79 cents.</p>
<h2>SUZ Share Price Performance</h2>
<p>Shares of Suzano have lost 3.7% in the past year against the industry&#39;s 32.7% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a1/76253.jpg?v=2004195176" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Zacks Rank &amp; Stocks to Consider</h2>
<p>SUZ currently has a Zacks Rank #3 (Hold).</p>
<p>Some better-ranked stocks from the basic materials space are <strong>Carpenter Technology Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), <strong>IAMGOLD Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>). CRS, IAG&nbsp;and EGO sport a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share. The consensus estimate for 2025 earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 155.9% in a year.</p>
<p>The Zacks Consensus Estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share. The consensus estimate for 2024 earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. IAG shares have gained 137% in a year.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for 2024 earnings has moved 22% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 103% in a year.</p>
<p><a href="https://www.zacks.com/stock/news/2330552/suzano-closes-15-stake-buyout-deal-with-lenzing-to-expand-business?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2330552">To read this article on Zacks.com click here.</a></p>


Latin America

Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business

<p><strong>BHP Group</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>) reported a 2% year-over-year increase in underlying attributable profit from continuing operations at $13.7 billion for fiscal 2024 (ended June 30, 2024).&nbsp;The growth was attributed to higher prices and sales volumes in BHP&#39;s iron ore and copper operations, productivity initiatives, cost discipline and favorable raw material costs. This offset the impact of lower energy coal and nickel prices and higher labor costs on profits.</p>
<p>BHP&#39;s underlying earnings per share were $2.70 compared with $2.65 in fiscal 2023. Earnings per American Depositary Share&nbsp;were $5.39s, higher than $5.30 in the previous fiscal year. The metric missed the Zacks Consensus Estimate of $5.52. BHP&#39;s each ADS represents two fully-paid ordinary shares.</p>
<h2>BHP&#39;s FY24 Revenues Up 3%</h2>
<p>Revenues for fiscal 2024 totaled $55.7 billion, which beat the Zacks Consensus Estimate of $54 billion. The top line was 3.4% higher than the prior fiscal year. The improvement was due to higher prices and sales volumes for iron ore and copper compared with the prior fiscal.&nbsp;&nbsp; This was offset by lower energy coal and nickel prices, and lower steelmaking coal volumes following the divestment of Blackwater and Daunia on April 2, 2024.</p>
<p>The Iron ore segment&#39;s revenues rose 13% year over year to around $28 billion and revenues in the Copper segment increased 16% to $18.6 billion. Both segments benefited from higher volumes and prices. The Coal segment&#39;s revenues plunged 30% to $7.7 billion.</p>
<h2>BHP Delivers Solid Production Numbers for Iron &amp; Copper</h2>
<p>The company&#39;s total iron ore production for fiscal 2024 was a record 260 Mt, up 1% year over year. Western Australia Iron Ore (WAIO)&nbsp; delivered a record iron ore production of 255 Mt (287 Mt on a 100% basis). This reflects solid supply-chain performance with increased capacity unlocked by the record production at South Flank. These gains helped offset the impacts of the continued tie-in activity for the Rail Technology Program 1.</p>
<p>Copper production rose 9% year over year to 1,865 kt, the highest in 15 years. Nickel production was up 2% to 81.6 kt</p>
<h2>BHP Witnesses 4% Rise in EBITDA</h2>
<p>Underlying earnings before interest, taxes, depreciation and amortization (EBITDA) increased 4% from the prior fiscal to $29 billion. Higher revenues and lower diesel and acid prices were offset by higher labor costs. Productivity initiatives and BHP&#39;s efforts to control costs offset higher labor costs. The underlying EBITDA margin was 54%, flat with the prior fiscal. &nbsp;</p>
<p>For the Iron ore segment, underlying EBITDA was up 13% year on year to $18.9 billion while the Copper segment&#39;s underlying EBITDA increased 29% to $8.6 billion. The Coal segment&#39;s underlying EBITDA plunged 54% year over year to $2.3 billion.</p>
<p>Profit from operations (including exceptional items of $6.1 billion) declined 24% year over year to $17.5 billion.&nbsp;</p>
<p>In fiscal 2024, BHP&#39;s attributable profit (for total operations) declined 39% year over year to $7.9 billion, which included an exceptional loss of $5.8 billion. The figure of $5.8 billion includes a $2.7 billion impairment of Western Australia Nickel and a $3.8 billion charge related to the Samarco dam failure, offset by a gain of $0.7 billion on disposal of the Blackwater and Daunia mines.</p>
<h2>BHP&#39;s Cash Flow Improves, Debt Down</h2>
<p>Net operating cash flow for fiscal 2024 was $20.7 billion compared with $18.7 billion in fiscal 2023. The improvement was attributed to lower tax and royalty-related taxation finalization payments compared with the prior fiscal. BHP Group reported a free cash flow of $11.9 billion, a significant improvement from $5.6 billion in fiscal 2023.&nbsp;</p>
<p>The company invested $9.3 billion in line with its Capital Allocation Framework. This included $5.9 billion in organic development and $3 billion in maintenance and decarbonization.</p>
<p>BHP&#39;s cash and cash equivalents as of June 30, 2024, amounted to $12.5 billion compared with $12.4 billion as of June 30, 2023. Capital and exploration expenditures totaled $9.3 billion, up 31% from the prior fiscal year.</p>
<p>Backed by its solid cash flow, BHP continued to repay debt and as of the end of fiscal 2024, net debt was $9.1 billion compared with $11.2 billion as of fiscal 2023 end.</p>
<p>BHP has budgeted capital and exploration expenditures in fiscal 2024 and 2025 to be $10 billion and $11 billion, respectively.&nbsp;</p>
<p>BHP&#39;s board has announced a dividend of 74 cents per share or a total of $3.8 billion. This translates to a payout ratio of 53%.</p>
<h2>BHP&#39;s Production &amp; Unit Cost Guidance for FY25</h2>
<p>BHP&#39;s iron ore production guidance for fiscal 2025 is in the range of 255-265.5 Mt. WAIO&#39;s production is expected to be between 250 Mt and 260 Mt (282 Mt and 294 Mt on a 100% basis).</p>
<p>The company expects copper production to be within the range of 1,845-2,045 kt. Production guidance for metallurgical coal is in the band of 16.5-19 Mt while the guidance for energy coal is in the range of 13-15 Mt.</p>
<p>Unit cost guidance for WAIO is in the range of $18.00-$19.50 per ton. Escondida unit cost is estimated to be in the band of $1.30-$1.60 per pound. Spence unit costs are expected to be between $2.00 and $2.30 per pound. Copper South Australia&#39;s unit cost is anticipated to be between $1.30 and $1.80 per pound. BMA unit cost is expected to be between $112 and $124 per ton.</p>
<h2>BHP Stock&#39;s Price Performance</h2>
<p>BHP Group&#39;s shares have fallen 18.4% year to date compared with the industry&#39;s 10.1% decline.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b5/75580.jpg?v=1860463378" /><br />
Image Source: Zacks Investment Research</p>
<h2>BHP&#39;s Zacks Rank &amp; Other Key Picks</h2>
<p>BHP Group currently carries a Zacks Rank #2 (Buy).</p>
<p>Some other top-ranked stocks from the basic materials space are <strong>Carpenter Technology Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), <strong>IAMGOLD Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>). CRS, IAG and EGO sport a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share. The consensus estimate for&nbsp; earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 102.5% year to date.</p>
<p>The consensus estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share. The consensus estimate for earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. IAG shares have gained 104% so far this year.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for earnings has moved 22% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 37% year to date.</p>
<p><a href="https://www.zacks.com/stock/news/2327883/bhp-group-fy24-earnings-revenues-improve-y-y-on-higher-prices?cid=CS-BENZ-FT-analyst_blog|earnings_article-2327883">To read this article on Zacks.com click here.</a></p>


BHP Group FY24 Earnings & Revenues Improve Y/Y on Higher Prices

<p><strong>Air Products and Chemicals, Inc.</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) shares have popped 19.9% over the past six months. The company has also outperformed its industry&#39;s rise of 4.1% over the same time frame. APD has also topped the S&amp;P 500&#39;s roughly 11.2% rise over the same period.</p>
<p>Let&#39;s take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bc/75500.jpg?v=555085295" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>What&#39;s Going in APD&#39;s Favor?</h2>
<p>Forecast-topping earnings performance in the fiscal third quarter and upbeat prospects have contributed to the rally in the company&#39;s shares. Air Products&#39; earnings from continuing operations for the third quarter rose to $3.13 per share from $2.67 in the year-ago quarter.</p>
<p>Adjusted earnings per share of $3.20 topped the Zacks Consensus Estimate of $3.04. APD continues to expect fiscal 2024 adjusted earnings per share of $12.20-$12.50, suggesting a 6-9% increase from the previous year.</p>
<p>Air Products is gaining from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.</p>
<p>APD is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs will likely support its margins. The company also remains focused on improving pricing amid an inflationary environment.</p>
<p>The company remains committed to maximizing returns to shareholders leveraging strong cash flows. Air Products&#39; board, in January 2024, increased its quarterly dividend to $1.77 per share. This marked the 42nd straight year of dividend increase. The company paid roughly $1.5 billion in dividends to shareholders in 2023. APD expects to return roughly $1.6 billion to shareholders through dividends in 2024.</p>
<div class="chart_embed">
<h3>Air Products and Chemicals, Inc. Price and Consensus</h3>
<p><img alt="Air Products and Chemicals, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/42/1724758660.png" style="height:265px; width:590px" title="" /></p>
<p>Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote</p>
</div>
<h2>Stocks to Consider</h2>
<p>Better-ranked stocks in the Basic Materials space are <strong>Newmont Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), <strong>Element Solutions Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and <strong>Eldorado Gold Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75.2% from year-ago levels. The Zacks Consensus Estimate for NEM&#39;s earnings has increased 16% in the past 60 days. The stock has rallied around 34% in the past year.</p>
<p>The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.</p>
<p>The Zacks Consensus Estimate for Eldorado Gold&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 93% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2327681/air-products-up-20-in-6-months-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2327681">To read this article on Zacks.com click here.</a></p>


Air Products Up 20% in 6 Months: What's Driving the Stock?

Eldorado Gold Corporation (EGO) Q2 2024 Earnings Call Transcript

In a report released today, Ingrid Rico from Stifel Nicolaus maintained a Hold rating on Eldorado Gold (EGO – Research Report), with a price target...

Eldorado Gold (EGO) Receives a Hold from Stifel Nicolaus

TRU Precious Metals enters definitive option agreement with Eldorado Gold

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While the investment vehicle might seem anachronistic in the current paradigm of artificial intelligence and other advanced technologies, gold stocks also present a compelling and relevant solution. Because precious metals command intrinsic value, they represent an excellent inflation hedge. Sure, one could also pursue other investments such as real estate. However, gold enjoys the advantage of convenience and fungibility.</p>



<p>Now, the issue with physical gold bullion is that while they&rsquo;re certainly more convenient than many other asset classes, they can present significant challenges. Storage is one. Gold is a dense material. Also, protecting one&rsquo;s holdings can be problematic, especially in the current environment. Instead, investors may choose the ultimate convenience of equity ownership, which is where gold stocks come into play.</p>



<p>Finally, precious metals offer some shelter from the current market malaise. With the Federal Reserve likely extra incentivized to lower the benchmark interest rate amid the recent selloff, it&rsquo;s time to turn to traditional inflation hedges. With that, below are gold stocks to add to your portfolio.</p>



<h2>Newmont (NEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/nem1600-300x169.jpg" alt="Newmont logo on a mobile phone screen"><div>Source: Piotr Swat/Shutterstock</div></div><p>Billed as the world&rsquo;s largest gold mining corporation, <strong>Newmont</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nem-stock-quote/"><strong>NEM</strong></a>) is generally a solid idea for gold stocks. This is reflected in part in the company&rsquo;s valuation. Right now, NEM stock trades hands at <a href="https://finance.yahoo.com/quote/nem/key-statistics">3.32X trailing-year sales</a>. In contrast, the gold mining sector&rsquo;s <a href="https://fullratio.com/ps-ratio-by-industry">average multiple sits at 2.71X</a>.</p>



<p>Despite the higher premium, investors will want to keep close tabs on Newmont. Primarily, this has to do with analysts&rsquo; forward projection. In fiscal 2024, covering experts believe that earnings per share may rise to $2.98, an increase of 85.09% from last year. On the top line, sales may hit $18.03 billion, up 52.6% from 2023&rsquo;s haul of $11.81 billion.</p>



<p>Assuming these figures, NEM stock currently trades at nearly 16X forward earnings. That&rsquo;s much lower than its trailing-year multiple of 44.33X. As for the top line, Newmont is priced at 3.03X projected revenue.</p>



<p>In fiscal 2025, analysts are looking at sales of $20.18 billion, with a high-side estimate of $23.24 billion. Therefore, the projected valuation could come down from here, making NEM an intriguing idea for gold stocks.</p>



<h2>Agnico Eagle Mines (AEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/gold1600-300x169.jpg" alt="An image of multiple gold bars. Gold prices"><div>Source: Shutterstock</div></div><p>Another top-tier producer, <strong>Agnico Eagle Mines</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/aem-stock-quote/"><strong>AEM</strong></a>) is a Canadian-based gold producer with operations in Finland, Australia, Mexico and its home market. Right now, shares trade hands at 4.99X trailing-year revenue. That&rsquo;s a pricey multiple, even compared to other &ldquo;hot&rdquo; gold stocks. However, it must be said that AEM itself has been on a strong run, gaining 39% year-to-date.</p>



<p>Still, forward-looking investors may want to exercise patience with Agnico. Analysts believe that by year&rsquo;s end, EPS could hit $3.49. If so, that would imply a growth rate of 56.5% from last year&rsquo;s print of $2.23. Also, in the following year, earnings could hit $3.65 per share, with a high-side view of $5.28. Data from Yahoo Finance reveals that AEM trades for 19.8X forward earnings.</p>



<p>On the top line, analysts are <a href="https://finance.yahoo.com/quote/aem/analysis">looking at $7.9 billion</a>, up 19.2% from last year&rsquo;s haul of $6.63 billion. That would bring the projected multiple down to 4.75X. In fiscal 2025, the top line could expand again to $8.34 billion, with a high-side estimate of $10.2 billion. Therefore, AEM could look more attractive as one of the viable gold stocks.</p>



<h2>Kinross Gold (KGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/kinross-kgc-1600-300x169.jpg" alt="Cellphone with business logo of Canadian mining company Kinross Gold Corp. on screen in front of webpage."><div>Source: T. Schneider / Shutterstock.com</div></div><p>Another gold production firm, <strong>Kinross Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/kgc-stock-quote/"><strong>KGC</strong></a>) is a Canada-based enterprise with six active gold mines. It&rsquo;s one of the top gold stocks in the world. However, it also features a single-digit price tag (for now), making it attractive for speculators. At the moment, KGC stock trades at a trailing-year earnings multiple of 21X and a sales multiple of 2.3X.</p>



<p>That already makes Kinross an attractive idea for gold stocks thanks to its modest valuation. However, circumstances could become even more favorable for prospective buyers. By the end of the current fiscal year, EPS could hit 58 cents. If so, that would be a 31.82% lift from last year&rsquo;s print of 44 cents. Fiscal 2025 could see EPS soar to 69 cents, with a high-side view of $1.20.</p>



<p>On the top line, sales may rise to $4.76 billion, up 12.3% from last year&rsquo;s tally of $4.24 billion. Assuming a shares outstanding count of 1.23 billion, the projected sales multiple could dip to 2.22X. The top estimate for next year stands at $5.63 billion, making Kinross even more attractive.</p>



<h2>Franco-Nevada (FNV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/gold-300x169.jpg" alt="A pile of shining gold bars. Gold stocks"><div>Source: Shutterstock</div></div><p>A gold-focused royalty and streaming company, <strong>Franco-Nevada</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/fnv-stock-quote/"><strong>FNV</strong></a>) doesn&rsquo;t directly engage in mining operations. Instead, it provides upfront capital in exchange for the revenue (royalty) or production (streaming) of the counterparty miner. In this way, Franco-Nevada offers a more predictable business. Right now, shares trade at 32.88X earnings and 19.39X sales.</p>



<p>To be fair, FNV stock may be a challenging idea at the moment. Since the start of the year, FNV stock gained only 8% of equity value. Analysts believe that by year&rsquo;s end, EPS could slip to $3.37. That would be down 7.42% from last year&rsquo;s print of $3.64. Circumstances won&rsquo;t improve until fiscal 2025, when EPS may hit $3.92.</p>



<p>On the top line, <a href="https://finance.yahoo.com/quote/fnv/analysis">revenue may land at $1.12 billion</a>. Again, that&rsquo;s a decline from last year to the tune of 8%. Things should start improving in fiscal 2025 onward when sales are projected to hit $1.23 billion. The high-side estimate calls for $1.28 billion.</p>



<p>Assuming a shares outstanding count of 192.31 million, FNV is trading at 18.1X high-side 2025 sales. That might seem like a lot but the market previously accepted multiples of well over 20X. So, it&rsquo;s still one of the gold stocks to watch.</p>



<h2>Osisko Gold Royalties (OR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/gold-stocks-300x169.png" alt="An image of a rising bar graph on top of gold bars, representing gold stocks"><div>Source: Alexander Limbach / Shutterstock</div></div><p>Another Canada-based enterprise, <strong>Osisko Gold Royalties</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/or-stock-quote/"><strong>OR</strong></a>) holds royalties in gold, silver and diamond mines, making it one of the more intriguing gold stocks to consider. OR is a relatively strong performer, generating a return of over 17% YTD. Right now, shares trade hands at 34.36X forward earnings and 16.94X trailing-year sales.</p>



<p>By the end of this year, analysts are looking for <a href="https://finance.yahoo.com/quote/or/analysis">EPS to hit 48 cents</a>. If so, that would be a 23% lift from last year&rsquo;s print of 39 cents. Next year could be even more attractive for speculators, with EPS projected to reach 58 cents. The high-side estimate stands at 69 cents.</p>



<p>On the top line, covering experts are tracking for sales to land at $192.22 million. That would imply a 6.3% lift from last year&rsquo;s haul of $180.78 million. The next year&rsquo;s target is $229.55 million, with a high-side view of $262.93 million.</p>



<p>Assuming a shares outstanding count of nearly 186 million shares, OR stock is currently trading at 13.44X consensus 2025 sales. That still seems high at first glance. However, the market previously accepted a multiple of nearly 18X in the first quarter of 2023.</p>



<h2>Eldorado Gold (EGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/gold-1600-300x169.jpg" alt="A gold bar along with some coins made of precious metals. gold stocks"><div>Source: allstars / Shutterstock.com</div></div><p>One of the slightly more speculative ideas among gold stocks, <strong>Eldorado Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ego-stock-quote/"><strong>EGO</strong></a>) is a Canadian firm that owns and operates gold mines in Turkey, Greece and its home market. Since the beginning of the year, EGO stock gained about 26% of equity value. That&rsquo;s a decent performance. Even so, it carries relatively modest premiums of 18.31X earnings and 2.98X sales.</p>



<p>Circumstances could look even more enticing should experts see their forecast turn true. By year&rsquo;s end, EPS could potentially rise to $1.33. If so, that would be a 133.33% lift from last year&rsquo;s print of 57 cents. In the following year, EPS could improve again to $1.46. The high-side estimate calls for $1.86.</p>



<p>On the top line, analysts are <a href="https://finance.yahoo.com/quote/ego/analysis">seeking sales of $1.29 billion</a>, up 27.8% from last year&rsquo;s haul of $1.01 billion. In fiscal 2025, revenue could fly again to $1.48 billion. The high-side view is aiming for $1.54 billion. Assuming a shares outstanding count of 204.76 million, EGO is trading at 2.52X consensus 2024 sales.</p>



<p>With revenue projected to improve from here on out, EGO is worth considering for gold stocks to buy.</p>



<h2>TRX Gold (TRX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/gold1600c-300x169.jpg" alt="Gold nuggets on top of American paper money representing gold stocks"><div>Source: Shutterstock</div></div><p>Easily one of the most speculative ideas among gold stocks, <strong>TRX Gold</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/trx-stock-quote/"><strong>TRX</strong></a>) should not be treated as a standard investment vehicle. It&rsquo;s pure speculation. For one thing, the market capitalization sits at $109 million. Second, the price of TRX stock sits at a low of 39 cents. Since the start of the year, Tanzanian has only gained less than 4%. That&rsquo;s not a great start.</p>



<p>However, because of the blistering upside potential of <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>, TRX should be on your watchlist. Right now, shares trade hands at 6.71X forward earnings and 3.16X trailing-year sales. By year&rsquo;s end, EPS could hit 2 cents, a doubling from last year. And in fiscal 2025, analysts believe that earnings could soar to 6 cents per share. The high-side view calls for 8 cents.</p>



<p>On the top line, experts are <a href="https://finance.yahoo.com/quote/trx/analysis">seeking revenue of $44.81 million</a>, up 16.9% from last year. And in fiscal 2025, sales may again rise to $68.72 million. The high-side estimate here calls for $82.5 million.</p>



<p>Assuming a shares outstanding count of 279.57 million, TRX stock is trading at 2.44X consensus 2024 sales. That&rsquo;s not bad for a speculative wager.</p>



<p><em>On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>



<p><em>On the&nbsp;date of publication, the responsible editor did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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Eldorado Gold: All Eyes On Skouries

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Stocks enjoyed a decent day as tech and semiconductors led the crowd to the upside. Gold hit new all-time highs and silver surged, which is just more confirmation that we're on the right track to be bullish here.

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Eldorado Gold (TSE:ELD) has released an update. Eldorado Gold Corporation has announced it will release its Q3 2024 financial and operational resul...

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ATLX

AVGO

BRZE

CORZ

DOCN

GLDM

GOOGL

IAUM

LUGDF

MARA

MPZZF

MSFT

MSTR

NFLX

NVDA

SBRA

SLVM

SSRGF

TERN

TRUIF

TSLA

Financing

Press Releases

Eldorado Gold Announces Extension and Increase of its Senior Secured Credit Facility

Eldorado Gold Provides Update on Second Quarter 2024 Tax Impacts in Turkiye; and Provides Conference Call Details

Brixton Metals Options its Atlin Goldfields Project to Eldorado Gold

Eldorado Gold Reports Q2 2024 Financial and Operational Results; Maintains 2024 Operating Guidance

TRU Precious Metals Enters Definitive Option Agreement with Eldorado Gold

TRU Precious Metals Receives Shareholder and TSXV Approval for Golden Rose Option Agreement with Eldorado Gold

Management

TRU Appoints Experienced Mining Executive Steve Nicol as New CEO

$4.7 Billion Eldorado Gold Enters Newfoundland Through Option Agreement with TRU Precious Metals

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BENZINGA MONDIAL