A Look Into Basic Materials Sector Value Stocks
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified five value stocks in the basic materials sector that may be worth watching: United States Steel (NYSE:X), Nucor (NYSE:NUE), Cementos Pacasmayo (NYSE:CPAC), Olin (NYSE:OLN), and Buenaventura Mining Co (NYSE:BVN). The selection is based on the price-to-earnings (P/E) multiple, with all five companies showing a low P/E, indicating potential undervaluation. The report also includes recent earnings per share and dividend yield data for each company.
September 08, 2023 | 2:39 pm
News sentiment analysis
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NEGATIVE IMPACT
Buenaventura Mining Co has a P/E of 3.69 and saw a decrease in earnings per share from 0.25 in Q1 to $-0.03 now. The company's dividend yield has increased by 0.69% from last quarter.
The decrease in earnings per share indicates reduced profitability, which could deter investors. However, the increase in dividend yield could attract income-focused investors, potentially offsetting the negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Olin has a P/E of 8.28 and saw a decrease in earnings per share from 1.16 in Q1 to $1.13 now. The company's dividend yield has decreased by 0.07% from last quarter.
The decrease in earnings per share and dividend yield indicates reduced profitability and income potential, which could deter investors and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Cementos Pacasmayo has a P/E of 9.95 and saw an increase in earnings per share from $0.12 in Q4 to $0.13 now. The company's dividend yield has decreased by 2.68% from the previous quarter.
The increase in earnings per share indicates improved profitability, which could attract investors. However, the significant decrease in dividend yield could deter income-focused investors, potentially offsetting the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nucor has a P/E of 7.77 and saw an increase in earnings per share from 4.45 in Q1 to $5.81 now. The company's dividend yield has increased by 0.17% from last quarter.
The increase in earnings per share and dividend yield indicates improved profitability and income potential, which could attract investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
United States Steel has a P/E of 5.73 and saw an increase in earnings per share from 0.77 in Q1 to $1.92 now. The company's dividend yield has decreased by 0.07% from last quarter.
The increase in earnings per share indicates improved profitability, which could attract investors and drive the stock price up. However, the decrease in dividend yield could potentially deter income-focused investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100