International Flavors and Fragrances (IFF) announced its 4Q17 earnings after the market closed on February 14, 2018.
During 4Q17, CF Industries received a one-time tax benefit of $491.0 million, or $2.09 per share, from the lowered corporate taxes in the US.
In 4Q17, CF Industries saw an improvement in profitability due to an increase in production, selling prices, and operating efficiencies.
CF’s Ammonia segment’s gross margin per ton expanded from $1.00 per metric ton to $36.00 per metric ton.
CF’s Granular Urea segment’s selling price increased 14.0% year-over-year to $244.00 per metric ton.
During 4Q17, CF Industries’ Ammonia segment grew 58.0% year-over-year to 1.2 million metric tons.
Year-over-year, CF’s Ammonia segment’s sales grew 63.0% to $344.0 million from $211.0 million in 4Q16.
CF Industries (CF) reported its 4Q17 earnings on February 14. CF posted a loss of $0.02 per share, beating the estimate of a loss of $0.08.
Kinross Gold’s (KGC) liquidity position at the end of 4Q17 wasn’t much different from the end of 3Q17.
Compared to its closest peers, Kinross Gold (KGC) has been a higher-cost gold producer.
Kinross Gold (KGC) also provided an update on its organic development projects along with the 4Q17 and 2017 results.
Kinross Gold (KGC) produced 652,710 gold equivalent ounces (or GEOs) for 4Q17 and 2.67 million GEO for 2017.
Gold miners (GDX)(GDXJ) face the problem of compensating for every ounce they take out of the ground.
Along with releasing its 2017 results, Kinross Gold (KGC) also announced an acquisition of two hydroelectric power plants in Brazil from a subsidiary of Gerdau (GGB).
Kinross Gold released its 4Q17 and 2017 results on February 14 and held a conference call with analysts on February 15.
Miners had a good start to 2018. They saw higher prices due to precious metals’ revival. As precious metals fell, so did the mining stocks.
Among the four miners that we’re discussing, New Gold and Sibanye Gold have a YTD loss of 13.7% and 7.7%, respectively.
Agnico-Eagle Mines and Randgold Resources have seen their correlation with gold drop in the past three years.
Miners had a good start to 2018, as they saw an upswing in prices due to the revival of precious metals.
In this article, we’ll focus on miners’ moving averages and relative strength index (or RSI) readings.