See How Ryerson Holding Ranks Among Analysts' Top Metals PicksBy Metals Channel Staff, Thursday, August 18, 11:45 AM ET
A study of analyst recommendations at the major brokerages shows that Ryerson Holding Corp (NYSE:RYI) is the #34 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.
In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor. From the other direction, a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise.
RYI operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Ternium S A (TX) which is up about 0.3% today, and Vale SA (VALE) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of RYI, versus TX and VALE.
RYI is currently trading up about 1.6% midday Thursday.
This Article's Word Cloud: Analyst Below Channel Corp Favorites From Global Holding Index Investors Metallic Metals Mining NYSE Precious Ryerson Start Ternium Thursday Titans VALE Vale about according also among analyst analysts angle angles average averaged averages bullish companies could from major market mdash mean opinions pick rank sector should stock that trading were