Today’s Research Coverage Scans Stocks on the Basic Materials Industry

LONDON, UK / ACCESSWIRE / June 6, 2016 / ActiveWallSt.com announces the list of stocks for today’s research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the basic materials sector. Companies recently under review include Freeport-McMoRan, Alcoa, Century Aluminum, and Southern Copper. Register with us now for your free membership and see our complete reports on these equities at:

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Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions. Sign up today and access research report for these equities at:

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Freeport-McMoran Inc. (NYSE: FCX)

Last Friday, shares in Phoenix, Arizona headquartered Freeport-McMoRan Inc., a natural resource Company that acquires, explores, and develops mineral assets, and oil and natural gas resources, ended the session 4.22% higher at $11.11. The stock recorded a trading volume of 34.79 million shares. The Company’s shares have advanced 14.07% in the previous three months and 64.11% since the start of this year. The stock is trading 1.09% above its 50-day moving average and 20.79% above its 200-day moving average. Moreover, shares of Freeport-McMoRan have a Relative Strength Index (RSI) of 50.89. On May 19th, 2016, research firm Goldman initiated a ‘Neutral’ rating, issuing a target price of $12 on the Company’s stock.

Alcoa Inc. (NYSE: AA)

Alcoa Inc. engages in engineering and manufacturing lightweight metals globally. The New York-based Company’s stock gained 2.04%, to close the day at $9.52 with a total volume of 20.74 million shares traded. The Company’s shares are trading 4.55% above their 200-day moving average. The stock has an RSI of 50.18. On May 23rd, 2016, research firms Bank of America/ Merrill upgraded the stock’s ratings from ‘Neutral’ to ‘Buy’.

Century Aluminum Co. (NASDAQ: CENX)

Shares in aluminum producer, Century Aluminum Co., recorded a trading volume of 1.43 million shares at the close of the last trading session, and ended the day 4.96% higher at $6.77. The stock has advanced 53.17% since the start of this year. The Chicago, Illinois headquartered Company’s shares are trading above their 200-day moving average by 23.93%. Furthermore, shares of Century Aluminum have an RSI of 50.01. On May 02nd, 2016, research firm Deutsche Bank reiterated its ‘Hold’ rating with an increase of the target price to $7.50 a share from $7 a share for the Company’s stock.

Southern Copper Corp. (NYSE: SCCO)

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The Arizona-based Company’s shares finished Friday’s session 0.57% higher at $26.42 and with a total volume of 1.09 million shares traded. The stock has advanced 1.45% on an YTD basis. The Company’s shares are trading below their 200-day moving average by 0.59%. Furthermore, shares of Southern Copper have an RSI of 42.32. On May 4th, 2016, research firm FBR Capital reiterated its ‘Outperform’ rating with an increase of the target price to $33 a share from $32 a share for the Company’s stock.

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