What’s Propelling Mechel PAO (MTL) to Increase So Much?

February 15, 2018 - By Winifred Garcia

The stock of Mechel PAO (NYSE:MTL) is a huge mover today! The stock increased 5.33% or $0.26 during the last trading session, reaching $5.14. About 111,485 shares traded. Mechel PAO (NYSE:MTL) has risen 184.53% since February 15, 2017 and is uptrending. It has outperformed by 167.83% the S&P500.
The move comes after 7 months positive chart setup for the $1.07B company. It was reported on Feb, 15 by Barchart.com. We have $5.29 PT which if reached, will make NYSE:MTL worth $32.10 million more.

Mechel PAO (NYSE:MTL) Ratings Coverage

Among 2 analysts covering Mullen Group (NYSE:MTL), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Mullen Group had 2 analyst reports since June 27, 2016 according to SRatingsIntel. The stock of Mechel PAO (NYSE:MTL) earned “Sell” rating by Deutsche Bank on Tuesday, November 29. Summit Redstone Partners reinitiated Mechel PAO (NYSE:MTL) rating on Monday, June 27. Summit Redstone Partners has “Buy” rating and $10 target.

More notable recent Mechel PAO (NYSE:MTL) news were published by: Globenewswire.com which released: “Mechel Reports Court Decision’s Entry Into Force” on September 14, 2017, also Benzinga.com with their article: “32 Stocks Moving In Monday’s Mid-Day Session” published on February 12, 2018, Globenewswire.com published: “Mechel Reports Reversal of Court Decision” on November 22, 2017. More interesting news about Mechel PAO (NYSE:MTL) were released by: Globenewswire.com and their article: “Mechel Reports Izhstal Getting Export Loan From Eximbank of Russia” published on December 21, 2017 as well as Benzinga.com‘s news article titled: “25 Stocks Moving In Monday’s Pre-Market Session” with publication date: February 12, 2018.

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. The company has market cap of $1.07 billion. The Company’s Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, naphthalene, and other compounds; and iron ore concentrates. It has a 4.66 P/E ratio. The companyÂ’s Steel segment produces and sells semi-finished steel products, carbon and specialty long products, and carbon and stainless flat products, as well as value-added downstream metal products, including forgings, stampings, hardware, rails, balks, and ferrosilicon.

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