Minerals Technologies Inc. with ticker code (MTX) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 100 and 75 with the average target price sitting at 88.8. Given that the stocks previous close was at 61.47 this would indicate that there is a potential upside of 44.5%. The 50 day MA is 64.6 while the 200 day moving average is 69.3. The market cap for the company is $1,933m. Company Website: https://www.mineralstech.com
The potential market cap would be $2,792m based on the market concensus.
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.
