The stock of Mechel PAO (ADR) (NYSE:MTL) is a huge mover today! About 283,409 shares traded hands. Mechel PAO (ADR) (NYSE:MTL) has risen 139.89% since April 5, 2016 and is uptrending. It has outperformed by 137.93% the S&P500.
The move comes after 5 months positive chart setup for the $1.22B company. It was reported on Nov, 7 by Barchart.com. We have $5.84 PT which if reached, will make NYSE:MTL worth $268.40M 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 important 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 published article titled: “13 Metals & Mining Stocks to Buy Now”, Benzinga.com published: “18 Stocks Moving In Tuesday’s Pre-Market Session” on October 25, 2016. More interesting news about Mechel PAO (ADR) (NYSE:MTL) was released by: Benzinga.com and their article: “12 Biggest Mid-Day Gainers For Monday” with publication date: October 24, 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.
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