The stock of Mechel PAO (ADR) (NYSE:MTL) is a huge mover today! About 785,714 shares traded hands or 2.68% up from the average. Mechel PAO (ADR) (NYSE:MTL) has risen 191.63% since April 18, 2016 and is uptrending. It has outperformed by 187.20% the S&P500.
The move comes after 9 months negative chart setup for the $1.43B company. It was reported on Nov, 18 by Barchart.com. We have $5.39 PT which if reached, will make NYSE:MTL worth $100.10 million less.
According to Zacks Investment Research, “Mechel OAO is a leading Russian company whose business consists of two segments: mining and steel, comprising facilities in Russia, Romania and Lithuania. In addition, Mechel owns two trade ports, a railway and an energy company. The mining segment comprises production and sale of coal (coking and steam), iron ore and nickel, which supplies raw materials to their steel business and also to third parties. The steel business comprises production and sale of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products including hardware, stampings and forgings. Mechel is the second largest producer of long products in Russia, and the largest and most comprehensive producer of specialty steels and alloys in Russia. The company also produces coke, both for internal use and for third parties. The Power segment engages in the generation and sale of electricity and heat power. Mechel is headquartered in Moscow.”
More news for Mechel PAO (ADR) (NYSE:MTL) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s article titled: “22 Stocks Moving In Friday’s Pre-Market Session” and published on November 18, 2016 is yet another important article.
MTL Company Profile
Mechel PAO, formerly Mechel OAO, incorporated on March 19, 2003, is a holding company. The Firm operates in the mining, steel and power industry divisions. The Company’s divisions include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power divisions, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining divisions, and also sells a portion of electricity and heat power to third parties. The Firm has freight seaports in Russia on the Sea of Japan (Port Posiet) and on the Sea of Azov (Port Temryuk), and a freight river port on the Kama River, a tributary of the Volga River in central Russia (Port Kambarka). The Firm has a fleet of freight railcars, locomotives and long-haul trucks, and operates a rail line to its Elga coal deposit in the Sakha Republic.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.