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Minerals Technologies - MTX Stock Forecast, Price & News

$52.55
-0.39 (-0.74%)
(As of 10/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$52.18
$53.14
50-Day Range
$49.41
$67.16
52-Week Range
$49.38
$79.03
Volume
124,010 shs
Average Volume
188,859 shs
Market Capitalization
$1.71 billion
P/E Ratio
10.22
Dividend Yield
0.38%
Price Target
$81.00

Minerals Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
54.2% Upside
$81.00 Price Target
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$3.40 M Sold Last Quarter
Proj. Earnings Growth
10.14%
From $5.52 to $6.08 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

27th out of 166 stocks

Industrial Inorganic Chemicals Industry

5th out of 10 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. In addition, it provides products for non-residential construction, environmental, and infrastructure projects, as well as for construction and remediation project customers. 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. The company markets its products primarily through its direct sales force, as well as regional distributors. It serves in the United States, Canada, Latin America, Europe, Africa, and Asia. Minerals Technologies Inc. was incorporated in 1968 and is headquartered in New York, New York.

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MTX Stock News Headlines

Implied IJH Analyst Target Price: $323
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MTX Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 9/9 Dividend
8/18/2022
Dividend Payable
9/09/2022
Today
10/06/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Industrial inorganic chemicals
Sub-Industry
Specialty Chemicals
CUSIP
60315810
Employees
3,961
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$81.00
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+54.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$164.40 million
Pretax Margin
10.51%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Cash Flow
$7.83 per share
Book Value
$47.44 per share

Miscellaneous

Free Float
31,552,000
Market Cap
$1.71 billion
Optionable
Optionable
Beta
1.29

Key Executives

  • Mr. Douglas T. Dietrich (Age 53)
    Chairman & CEO
    Comp: $4.16M
  • Mr. Matthew E. Garth (Age 48)
    Sr. VP of Fin. & Treasury and CFO
    Comp: $1.56M
  • Mr. Thomas J. MeekMr. Thomas J. Meek (Age 65)
    Sr. VP, Gen. Counsel, Sec. & Chief Compliance Officer
    Comp: $1.64M
  • Mr. D. J. Monagle IIIMr. D. J. Monagle III (Age 59)
    Group Pres of Specialty Minerals & Refractories
    Comp: $1.71M
  • Mr. Jonathan J. Hastings (Age 59)
    Group Pres of Performance Materials
    Comp: $1.73M
  • Mr. Michael A. Cipolla (Age 64)
    VP, Corp. Controller & Chief Accounting Officer
  • Erik Aldag
    Head of Investor Relations
  • Michael Landau
    Director of Corp. Communications
  • Ms. Erin N. Cutler (Age 34)
    VP of HR
  • Mr. Douglas W. Mayger (Age 64)
    Sr. VP & Head of Global Operations - Performance Materials













MTX Stock - Frequently Asked Questions

Should I buy or sell Minerals Technologies stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MTX shares.
View MTX analyst ratings
or view top-rated stocks.

What is Minerals Technologies' stock price forecast for 2022?

2 brokers have issued twelve-month price targets for Minerals Technologies' stock. Their MTX share price forecasts range from $75.00 to $87.00. On average, they predict the company's share price to reach $81.00 in the next year. This suggests a possible upside of 54.2% 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 2022?

Minerals Technologies' stock was trading at $73.15 at the start of the year. Since then, MTX shares have decreased by 28.2% and is now trading at $52.53.
View the best growth stocks for 2022 here
.

Are investors shorting Minerals Technologies?

Minerals Technologies saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 689,600 shares, an increase of 22.3% from the August 31st total of 564,000 shares. Based on an average daily trading volume, of 274,200 shares, the short-interest ratio is currently 2.5 days. Currently, 2.2% of the shares of the company are short sold.
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, November 3rd 2022.
View our MTX earnings forecast
.

How were Minerals Technologies' earnings last quarter?

Minerals Technologies Inc. (NYSE:MTX) released its earnings results on Thursday, July, 28th. The basic materials company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.04. The basic materials company had revenue of $577 million for the quarter, compared to analyst estimates of $533.65 million. Minerals Technologies had a net margin of 8.46% and a trailing twelve-month return on equity of 11.44%. Minerals Technologies's quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 EPS.

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

Minerals Technologies announced a quarterly dividend on Wednesday, July 20th. Investors of record on Friday, August 19th will be given a dividend of $0.05 per share on Friday, September 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for MTX
.

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 0.38%. The dividend payout ratio is 3.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 3.29% 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."

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 $52.53.

How much money does Minerals Technologies make?

Minerals Technologies (NYSE:MTX) has a market capitalization of $1.71 billion and generates $1.86 billion in revenue each year. The basic materials company earns $164.40 million in net income (profit) each year or $5.14 on an earnings per share basis.

How many employees does Minerals Technologies have?

The company employs 3,961 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 10/6/2022 by MarketBeat.com Staff

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