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PYPL   58.62 (-3.68%)
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NYSE:MTX

Minerals Technologies (MTX) Stock Forecast, Price & News

$54.68
-0.50 (-0.91%)
(As of 09/21/2023 ET)
Compare
Today's Range
$54.18
$54.97
50-Day Range
$53.29
$61.41
52-Week Range
$49.38
$73.57
Volume
72,459 shs
Average Volume
159,296 shs
Market Capitalization
$1.78 billion
P/E Ratio
18.29
Dividend Yield
0.37%
Price Target
$71.00

Minerals Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
29.8% Upside
$71.00 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Minerals Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.90%
From $5.14 to $6.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Basic Materials Sector

41st out of 167 stocks

Industrial Inorganic Chemicals Industry

2nd out of 9 stocks


MTX stock logo

About Minerals Technologies (NYSE:MTX) Stock

Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite. This segment also offers metal casting products; household, personal care, and specialty products; and basic minerals, environmental products, and building materials. The Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. This segment's products are used in paper and packaging, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries. The Refractories segment offers monolithic and shaped refractory materials; specialty products, services, and application and measurement equipment; and calcium metal and metallurgical wire products that are used in the applications of steel, non-ferrous metal, and glass industries. It markets its products primarily through its direct sales force, as well as regional distributors. The company serves in the United States, Canada, Latin America, Europe, Africa, and Asia. The company was incorporated in 1968 and is headquartered in New York, New York.

MTX Price History

MTX Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Q2 2023 Minerals Technologies Inc Earnings Call
MTX - Minerals Technologies Inc.
Q1 2023 Minerals Technologies Inc Earnings Call
See More Headlines
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MTX Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/8 Dividend
8/17/2023
Dividend Payable
9/08/2023
Today
9/21/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Industrial inorganic chemicals
Sub-Industry
Specialty Chemicals
CUSIP
60315810
Employees
4,070
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$71.00
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+29.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$122.20 million
Pretax Margin
5.87%

Debt

Sales & Book Value

Annual Sales
$2.13 billion
Cash Flow
$7.75 per share
Book Value
$49.71 per share

Miscellaneous

Free Float
31,503,000
Market Cap
$1.78 billion
Optionable
Optionable
Beta
1.31

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Douglas T. Dietrich (Age 54)
    Chairman & CEO
    Comp: $3.88M
  • Mr. Erik C. Aldag
    Sr. VP of Fin. & Treasury and CFO
  • Mr. D. J. Monagle IIIMr. D. J. Monagle III (Age 60)
    Group Pres of Consumer & Specialties
    Comp: $1.56M
  • Mr. Jonathan J. Hastings (Age 60)
    Sr. VP of Strategy and M&A
    Comp: $1.41M
  • Mr. Michael A. Cipolla (Age 65)
    VP, Corp. Controller & Chief Accounting Officer
  • Mr. Timothy J. Jordan
    VP, Gen. Counsel, Sec. & Chief Compliance Officer
  • Michael Landau
    Director of Corp. Communications
  • Ms. Erin N. Cutler (Age 35)
    VP of HR
  • Mr. Brett Argirakis (Age 58)
    Group Pres of Engineered Solutions













MTX Stock - Frequently Asked Questions

Should I buy or sell Minerals Technologies stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTX, but not buy additional shares or sell existing shares.
View MTX analyst ratings
or view top-rated stocks.

What is Minerals Technologies' stock price forecast for 2023?

3 Wall Street analysts have issued 1-year price objectives for Minerals Technologies' shares. Their MTX share price forecasts range from $70.00 to $72.00. On average, they predict the company's stock price to reach $71.00 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price.
View analysts price targets for MTX
or view top-rated stocks among Wall Street analysts.

How have MTX shares performed in 2023?

Minerals Technologies' stock was trading at $60.72 at the beginning of the year. Since then, MTX stock has decreased by 9.9% and is now trading at $54.68.
View the best growth stocks for 2023 here
.

Are investors shorting Minerals Technologies?

Minerals Technologies saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 302,800 shares, an increase of 20.6% from the August 15th total of 251,100 shares. Based on an average daily trading volume, of 161,300 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.9% of the shares of the company are sold short.
View Minerals Technologies' Short Interest
.

When is Minerals Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MTX earnings forecast
.

How were Minerals Technologies' earnings last quarter?

Minerals Technologies Inc. (NYSE:MTX) issued its quarterly earnings data on Thursday, July, 27th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. The basic materials company earned $551.50 million during the quarter, compared to the consensus estimate of $564.70 million. Minerals Technologies had a net margin of 4.52% and a trailing twelve-month return on equity of 9.00%.

How often does Minerals Technologies pay dividends? What is the dividend yield for Minerals Technologies?

Minerals Technologies announced a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, August 18th will be given a dividend of $0.05 per share on Friday, September 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for MTX
.

What ETFs hold Minerals Technologies' stock?

ETFs with the largest weight of Minerals Technologies (NYSE:MTX) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Qraft AI-Enhanced Next Value ETF (NVQ) and FMC Excelsior Focus Equity ETF (FMCX).SPDR S&P 600 Small Cap ETF (SLY).

Is Minerals Technologies a good dividend stock?

Minerals Technologies (NYSE:MTX) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.36%. The dividend payout ratio is 6.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 3.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTX.

What is ​Douglas T. Dietrich's approval rating as Minerals Technologies' CEO?

4 employees have rated Minerals Technologies Chief Executive Officer ​Douglas T. Dietrich on Glassdoor.com. ​Douglas T. Dietrich has an approval rating of 29% among the company's employees. This puts ​Douglas T. Dietrich in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Minerals Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Minerals Technologies investors own include AT&T (T), AbbVie (ABBV), Carnival Co. & (CCL), Cisco Systems (CSCO), CVS Health (CVS), Gilead Sciences (GILD), Altria Group (MO), Omega Healthcare Investors (OHI), Pfizer (PFE) and Skyworks Solutions (SWKS).

What is Minerals Technologies' stock symbol?

Minerals Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTX."

Who are Minerals Technologies' major shareholders?

Minerals Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.05%), Dimensional Fund Advisors LP (7.01%), Victory Capital Management Inc. (5.02%), State Street Corp (3.79%), Geode Capital Management LLC (2.11%) and Snyder Capital Management L P (2.03%). Insiders that own company stock include Andrew M Jones, Brett Argirakis, Dj Monagle III, Douglas T Dietrich, Douglas W Mayger, Jonathan J Hastings, Michael Cipolla, Rocky Motwani and Thomas J Meek.
View institutional ownership trends
.

How do I buy shares of Minerals Technologies?

Shares of MTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Minerals Technologies' stock price today?

One share of MTX stock can currently be purchased for approximately $54.68.

How much money does Minerals Technologies make?

Minerals Technologies (NYSE:MTX) has a market capitalization of $1.78 billion and generates $2.13 billion in revenue each year. The basic materials company earns $122.20 million in net income (profit) each year or $2.99 on an earnings per share basis.

How many employees does Minerals Technologies have?

The company employs 4,070 workers across the globe.

How can I contact Minerals Technologies?

Minerals Technologies' mailing address is 622 THIRD AVENUE, NEW YORK NY, 10017. The official website for the company is www.mineralstech.com. The basic materials company can be reached via phone at (212) 878-1800 or via fax at 212-878-1802.

This page (NYSE:MTX) was last updated on 9/21/2023 by MarketBeat.com Staff

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