Minerals Technologies Inc. which can be found using ticker (MTX) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 85 and 70 and has a mean target at $77.50. Given that the stocks previous close was at $58.69 this is indicating there is a potential upside of 32.0%. It’s also worth noting that there is a 50 day moving average of $61.79 and the 200 day moving average is $59.91. The company has a market capitalization of $1,963m. Company Website: https://www.mineralstech.com
The potential market cap would be $2,593m based on the market consensus.
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.
The company has a dividend yield of 0.34% with the ex dividend date set at 15-2-2023 (DMY).
Other points of data to note are a P/E ratio of 16.17, revenue per share of 65 and a 4.66% return on assets.
