Top 3 Materials Stocks That Are Preparing To Pump In Q2
Portfolio Pulse from Lisa Levin
The most oversold stocks in the materials sector, with RSI values below 30, include Golden Minerals Company (AUMN), Gatos Silver, Inc. (GATO), and ReTo Eco-Solutions, Inc. (RETO). These companies present an opportunity to buy into undervalued assets.
June 14, 2023 | 12:45 pm
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Golden Minerals Company (AUMN) is oversold with an RSI value of 18.60. The company recently announced the restart of silver and gold mining operations at Velardeña.
The low RSI value indicates that AUMN is oversold, which could lead to a potential price increase in the short term. The restart of mining operations at Velardeña may also positively impact the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Gatos Silver, Inc. (GATO) is oversold with an RSI value of 23.42. RBC Capital analyst Michael Siperco reinstated Gatos Silver with a Sector Perform and maintained a $6 price target.
GATO's low RSI value suggests that the stock is oversold and may experience a price increase in the short term. The analyst's reinstatement of a Sector Perform rating and maintained price target could also positively impact the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
ReTo Eco-Solutions, Inc. (RETO) is oversold with an RSI value of 14.07. The company recently regained compliance with Nasdaq's minimum bid price requirement.
RETO's low RSI value indicates that the stock is oversold and may see a price increase in the short term. Regaining compliance with Nasdaq's minimum bid price requirement could also positively impact the stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100