The stock of Mechel PAO (ADR) (NYSE:MTL) is a huge mover today! About 358,570 shares traded hands or 0.42% up from the average. Mechel PAO (ADR) (NYSE:MTL) has risen 67.98% since March 16, 2016 and is uptrending. It has outperformed by 62.43% the S&P500.
The move comes after 8 months positive chart setup for the $872.07 million company. It was reported on Oct, 19 by Barchart.com. We have $5.26 PT which if reached, will make NYSE:MTL worth $575.57M more.
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 notable recent Mechel PAO (ADR) (NYSE:MTL) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Investorplace.com with their article: “6 Metals & Mining Stocks to Buy Now” published on September 19, 2016, Benzinga.com published: “18 Stocks Moving In Wednesday’s Pre-Market Session” on September 28, 2016. More interesting news about Mechel PAO (ADR) (NYSE:MTL) were released by: Investorplace.com and their article: “4 Metals & Mining Stocks to Buy Now” published on September 26, 2016 as well as Investorplace.com‘s news article titled: “7 Metals & Mining Stocks to Sell Now” with publication date: September 05, 2016.
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.
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