MTX Stock Summary and Trading Ideas (Minerals Technologies | NYSE:MTX)

Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.

Minerals Technologies trades on the NYSE stock market under the symbol MTX.

As of April 24, 2024, MTX stock price declined to $72.10 with 127,002 million shares trading.

MTX has a beta of 1.07, meaning it tends to be more sensitive to market movements. MTX has a correlation of 0.20 to the broad based SPY ETF.

MTX has a market cap of $2.33 billion. This is considered a Mid Cap stock.

Last quarter Minerals Technologies reported $525 million in Revenue and $1.28 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.03.

In the last 3 years, MTX stock traded as high as $88.62 and as low as $48.61.

The top ETF exchange traded funds that MTX belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

MTX stock has underperformed the market in the last year with a return of +23.8%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MTX shares. However, MTX has outperformed the market in the last 3 month and 2 week periods, returning +9.2% and -2.4%, while SPY returned +4.6% and -2.7%, respectively. This indicates MTX has been having a stronger performance recently.

MTX support price is $70.98 and resistance is $73.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTX stock will trade within this expected range on the day.