Tredegar (NYSE:TG) 株価情報

Tredegar

Tredegar Corp, through its subsidiaries, engages in the manufacture of polyethylene plastic films, polyester films, and aluminum extrusions. Polyethylene plastic films produce plastic films, elastics, and laminate materials that are used in personal care products, surface protection films, and specialty and optical lighting applications. The company operates through segments including PE films, flexible packaging films, and aluminum extrusions. Aluminum extrusions generate the majority of revenue and provide high-quality, soft-alloy, medium-strength aluminum utilized in the building and construction, automotive, consumer durables, machinery and equipment, electrical, and distribution markets. Revenue is generated from the United States, Asia, and Brazil.

Tredegar Corp

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Tryg AS

Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported quarterly earnings of $0.10 per share. This is a 28.57 percent decrease over earnings of $0.14 per share from the same period last year. The company reported $133.63 million in sales this quarter. This is a 17.00 percent increase over sales of $114.22 million the same period last year.

Earnings

News

Tredegar Q1 Adj. EPS $0.10 Down From $0.14 YoY, Sales $133.63M Up From $114.22M YoY

WIIM

Tredegar shares are trading higher after the company reported a year-over-year increase in Q4 adjusted EPS results.

Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported quarterly earnings of $0.06 per share. This is a 100 percent increase over earnings of $0.03 per share from the same period last year.

Tredegar Q4 Adj EPS $0.06 Up From $0.03 YoY

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Telsey Advisory Group analyst Joseph Feldman downgraded the rating for Traeger, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOK#NYSE">COOK</a>) from Outperform to Market Perform and lowered the price target from $4 to $2.5. Traeger shares closed at $2.16 on Thursday. <a href="https://www.benzinga.com/quote/COOK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Keith Stanley downgraded the rating for South Bow Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOBO#NYSE">SOBO</a>) from Outperform to Peer Perform. South Bow shares closed at $24.63 on Thursday. <a href="https://www.benzinga.com/quote/SOBO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Ronald Epstein downgraded Air Lease Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) from Buy to Underperform and cut the price target from $72 to $50. Air Lease shares closed at $46.30 on Thursday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying TG stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="373" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07084303/image-35-1024x373.png" alt="" class="wp-image-814229" style="width:442px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07084303/image-35-1024x373.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07084303/image-35-300x109.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07084303/image-35-768x280.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07084303/image-35.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

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This Traeger Analyst Is No Longer Bullish; Here Are Top 3 Downgrades For Friday

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Monday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell in today's <a href="https://www.benzinga.com/tech/25/01/42937389/tesla-hikes-model-3-y-prices-in-canada-by-c1000-after-announcing-price-increase-in-china">pre-market trading</a>.
Tesla increased the price of all Model Y and Model 3 variants in Canada by C$1,000 (about $692).
Tesla shares declined 2.8% to $383.69 in pre-market trading
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) fell 24.8% to $4.31 in pre-market trading after gaining 9% on Friday.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) fell 17% to $7.41 in pre-market trading after dipping 11% on Friday.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) dipped 14.5% to $4.93 in pre-market trading.</li>
<li>IonQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NASDAQ">IONQ</a>) fell 14.5% to $27.64 in pre-market trading.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) dipped 13.4% to $2.78 in pre-market trading.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) declined 13.4% to $42.00 in pre-market trading. Mercury General shares dipped around 20% on Friday after the company announced it anticipates wildfire losses in Southern California to surpass $150 million in reinsurance retention levels.</li>
<li>Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) shares tumbled 8.1% to $6.82 in pre-market trading.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) fell 4.3% to $38.36 in the pre-market trading session.</li>
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Tesla, Robinhood And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Shares of Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) rose sharply in today's pre-market trading after the company confirmed the receipt of Biogen&#8217;s nonbinding $7.22/share <a href="https://www.benzinga.com/quote/SAGE">acquisition proposal</a>.
Sage Therapeutics shares jumped 34.2% to $7.45 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) gained 86.5% to $2.35 in pre-market trading after gaining 8% on Friday.</li>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) gained 62.3% to $0.1899 in pre-market trading after dipping over 15% on Friday.</li>
<li>Algorhythm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) gained 47% to $0.1981 in pre-market trading after falling 18% on Friday.</li>
<li>Traws Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) rose 29.3% to $10.45 in pre-market trading. Expert Systems and Traws Pharma reported a breakthrough in H5N1Bird Flu Antiviral Program.</li>
<li>Cooper-Standard Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPS#NYSE">CPS</a>) gained 26.3% to $16.69 in pre-market trading.</li>
<li>Intra-Cellular Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) gained 22.3% to $116.00 in pre-market trading after Bloomberg Reported that J&amp;J is exploring a bid for the company.</li>
<li>Black Diamond Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDTX#NASDAQ">BDTX</a>) gained 18.5% to $2.29 in pre-market trading following a 5% decline on Friday.</li>
<li>QMMM Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMMM#NASDAQ">QMMM</a>) gained 18% to $1.05 in pre-market trading.</li>
<li>Arcutis Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQT#NASDAQ">ARQT</a>) rose 14.1% to $15.75 in pre-market trading after reporting preliminary unaudited fourth quarter product revenue and full-year 2024 product revenues.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) fell 24.8% to $4.31 in pre-market trading after gaining 9% on Friday.</li>
<li>Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) fell 20.5% to $1.71 in today's pre-market trading after jumping 41% on Friday.</li>
<li>Direct Digital Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) fell 19.5% to $1.32 in pre-market trading after jumping around 38% on Friday.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) shares fell 18.6% to $0.8458 in pre-market trading after the company files for mixed shelf offering up to $100 million.</li>
<li>LeddarTech Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares dipped 18.5% to $0.9624 in pre-market trading after declining around 14% on Friday.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) fell 17% to $7.41 in pre-market trading after dipping 11% on Friday.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) dipped 14.5% to $4.93 in pre-market trading.</li>
<li>ScanTech AI Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAI#NASDAQ">STAI</a>) shares fell 14.5% to $1.95 in pre-market trading after gaining around 5% on Friday.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) declined 13.4% to $42.00 in pre-market trading. Mercury General shares dipped around 20% on Friday after the company announced it anticipates wildfire losses in Southern California to surpass $150 million in reinsurance retention levels.</li>
<li>Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) shares tumbled 8.1% to $6.82 in pre-market trading.</li>
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ARQT

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SAGE

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TRAW

VMAR

Why Sage Therapeutics Shares Are Trading Higher By Over 34%; Here Are 20 Stocks Moving Premarket

Tredgar shares are trading lower. The company reported Q3 financial results.

Tredegar Q3 EPS From Ongoing Operations $0.01, Sales $182M Up From $166.19M YoY

Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) and a leader in high-quality masking films, is excited to announce the launch of Obsidian Automotive Protective Films. Designed to meet the evolving needs of the automotive industry, these innovative films offer unparalleled performance and protection.

Tredegar Surface Protection Launches Innovative Obsidian Automotive Protective Films, Designed To Meet The Evolving Needs Of The Automotive Industry

Analyst Color

BALL

CENX

CSTM

KALU

BofA Sees Aluminum Prices Trading At $3,000/t ($1.36/Pound) Next Year; Expects Aluminum Supply To Rise By Only 1.3% YoY In 2025, Versus 3.7% On Average In The Past Decade

Tredegar shares are trading higher after the company reported a year-over-year increase in Q2 financial results.

Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported quarterly earnings of $0.30 per share. This is a 600 percent increase over losses of $(0.06) per share from the same period last year. The company reported $190.24 million in sales this quarter. This is a 6.77 percent increase over sales of $178.17 million the same period last year.

Tredegar Q2 Adj $0.30 Up From $(0.06) YoY, Sales $190.24M Up From $178.17M YoY

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>)</h3>
<ul>
<li>On May 20, James Hardie Industries reported worse-than-expected fourth-quarter financial results. James Hardie CEO Aaron Erter said, &#8220;Our team&#8217;s focus remains simple: working safely, partnering with our customers, managing decisively, and controlling what we can control. This focus has enabled us to deliver a strong fourth quarter and fiscal year for Adjusted Net Income.&#8221; The company's stock fell around 15% over the past five days and has a <a href="https://www.benzinga.com/quote/JHX">52-week low of $24.28</a>.</li>
<li>RSI Value: 28.97</li>
<li>JHX Price Action: Shares of James Hardie rose 2.2% to close at $31.21 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>)&nbsp;</h3>
<ul>
<li>On May 20, Owens-Brockway Glass Container priced private offering of $300 million 7.375% senior notes offering due 2032. The company's stock fell around 11% over the past five days. It <a href="https://www.benzinga.com/quote/OI">has a 52-week low</a> of $12.09.</li>
<li>RSI Value: 28.73</li>
<li>OI Price Action: Shares of O-I Glass fell 3.3% to close at $12.16 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>)</h3>
<ul>
<li>On May 9, Tredegar posted a decline in quarterly sales. John Steitz, Tredegar&#8217;s president and chief executive officer, said, &#8220;During the first quarter of 2024, we recognized a meaningful profit from ongoing operations for the first time since the first quarter of last year. The bottom of the recent severe down cycle for Bonnell, which we believe was a residual impact of the pandemic and started in the second half of 2022, appears to have occurred in the third quarter of 2023.&#8221; The company's stock fell around 11% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/TG">low of $3.98</a>.</li>
<li>RSI Value: 29.36</li>
<li>TG Price Action: Shares of Tredegar fell 1.8% to close at $5.34 on Thursday.</li>
</ul>
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Long Ideas

Press Releases

Top 3 Materials Stocks That Are Set To Fly This Quarter

Top Stories for May 16, 2024:
1. American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) completed construction and is ramping up production at its Nevada lithium-ion battery recycling facility, which can process 20,000 metric tons of battery feedstock per year.
<ol></ol>
In March 2024, it received $60 million in U.S. Department of Energy/IRS 48C tax credits to support its recycling facilities, and it&#8217;s negotiating the monetization of these credits.&nbsp;
The company is also working on a $10 million DOE grant for advanced battery recycling technologies and a $57.5 million DOE grant for a commercial-scale lithium hydroxide refinery.
Additionally, ABAT's updated economic assessment for its Tonopah Flats Lithium Project shows an 8% increase in average lithium grade and a 7% reduction in production costs.
2. U.S. Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>) CEO George Bee announced that the Wyoming Department of Environmental Quality issued a surface gold mine permit for the CK Gold project. 
<ol start="2"></ol>
This permits the company to resume and update its prefeasibility study, aiming for completion by Q3 2024, and to advance its feasibility study.&nbsp;
The project is nearing completion of other conditions, including reclamation bond approval and final stages of pollutant discharge and air quality permits, expected by mid-year.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38873394/bhp-shareholders-anticipate-final-bid-for-anglo-american-as-deadline-nears">BHP Shareholders Anticipate Final Bid For Anglo American As Deadline Nears</a>
3. Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) previously agreed to sell its flexible packaging films business, Terphane, to Oben Group on Sept. 1, 2023, pending customary closing conditions, including competition approvals in Brazil. 
<ol start="3"></ol>
The General Superintendence of Brazil&#8217;s Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending rejection of the sale.&nbsp;
The case will now move to the CADE Tribunal for further review.&nbsp;
Tredegar&#8217;s CEO John Steitz remains confident in the sale&#8217;s benefits for Brazil&#8217;s flexible packaging films market and will continue to cooperate with the CADE Tribunal to address any concerns.
4. Ivanhoe Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>) announced a multi-year commitment of $150,000 to the Native American Mining and Energy Sovereignty Initiative (NAMES) at Colorado School of Mines&#8217; Payne Institute for Public Policy. 
<ol start="4"></ol>
Executive Chairman Robert Friedland and CEO Taylor Melvin expressed excitement about supporting the initiative&#8217;s mission to empower Tribal communities and create more opportunities in the mining sector.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid">Anglo American Expedites Plan To Divest De Beers, Other Assets After Rebuffing BHP Takeover Bid</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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Commodities

ABAT

USAU

ABAT Ramps Up Nevada Facility; US Gold Receives CK Gold Permit; Tredegar Terphane Sale Under Review And More: Thursday's Top Mining Stories

<h1 class="wp-block-heading">Top Stories for May 9, 2024:</h1>
<ol>
<li>Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) <a href="https://www.benzinga.com/news/earnings/24/05/38727020/piedmont-lithium-q1-2024-adj-eps-0-61-misses-0-54-estimate-sales-13-400m-miss-15-367m-estimate">reported Q1 results</a> with a record production of 40,439 dry metric tons (dmt) at North American Lithium, which achieved record lithium recoveries of 69%.&nbsp;</li>
</ol>
The company expects full run-rate production in the second half of the year and plans to ship about 126,000 dmt for the full year, primarily in the second half.&nbsp;
Revenue reached $13.4 million from sales of 15,500 dmt of spodumene concentrate, with $71.4 million in cash on hand as of March 31, 2024.&nbsp;
Piedmont anticipates shipment volumes to double and investment costs to halve in the second half of 2024.
A mining permit for Carolina Lithium was also issued in May 2024, boosting funding discussions.&nbsp;
<ol start="2">
<li>Ramaco Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METC#NASDAQ">METC</a>) reported first-quarter net income of $2 million and adjusted EBITDA of $24.2 million, both down significantly from the fourth quarter of 2023. </li>
</ol>
Lower coal prices and higher mining costs due to challenging geology and labor issues impacted results.&nbsp;
The company shipped most of its exports in March at low price points and increased its credit facility to $200 million with an option to expand to $275 million.
Rameco also declared quarterly dividends for Class A and B shares, payable in June 2024.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/24/05/38703659/de-grey-mining-plans-to-raise-395m-for-major-gold-project-in-australia">De Grey Mining Plans To Raise $395M For Major Gold Project In Australia</a>
<ol start="3">
<li>Royal Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) reported first-quarter net income of $47.2 million on $148.9 million in revenue, with operating cash flow at $138.3 million. </li>
</ol>
The company had a solid quarter, paying down $100 million in debt, reducing total debt to $150 million and increasing liquidity to $966 million.&nbsp;
Revenue was predominantly from gold (75%), followed by silver (13%) and copper (9%). The company sold 71,900 gold equivalent ounces and maintained a high adjusted EBITDA margin of 79%. 
The quarterly dividend was increased by 7% to 40 cents per share and, post-quarter, the company repaid an additional $75 million in debt, bringing total debt down to $75 million.
<ol start="4">
<li>Tredegar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported first quarter net income of $3.3 million, up from a loss of $1 million in the first quarter of 2023. </li>
</ol>
EBITDA for Aluminum Extrusions decreased to $12.5 million from $14.6 million year-over-year, while EBITDA for PE Films increased to $6.9 million from $1.8 million.&nbsp;
Sales volume across sectors showed mixed results, with net new orders up 61% from the first quarter of 2023. 
The company is in the process of selling its flexible packaging films division, Terphane.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38731223/barrick-gold-ceo-says-mergers-wont-fix-the-copper-shortage">Barrick Gold CEO Says Mergers Won&#8217;t Fix The Copper Shortage</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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METC

RGLD

Piedmont Lithium's Record Quarter For Production; Coal Prices Weigh On Rameco; Royal Gold Boosts Liquidity And More: Thursday's Top Mining Stories

Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported quarterly earnings of $0.16 per share. This is a 128.57 percent increase over earnings of $0.07 per share from the same period last year. The company reported $175.74 million in sales this quarter. This is a 8.05 percent decrease over sales of $191.12 million the same period last year.

CORRECTION: Tredegar Q1 Adj. EPS $0.16 Up From $0.07 YoY, Sales $175.74M Down From $191.12M YoY

1. Anglo American rejected BHP Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) $39B bid, triggering a <a href="https://www.benzinga.com/m-a/24/05/38612588/potential-bidding-war-emerges-for-anglo-american-as-glencore-considers-offer">potential bidding war</a> with Glencore (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLCNF#OTC">GLCNF</a>). 
Glencore&#8217;s interest arises amid BHP&#8217;s revised approach to divest South African assets.&nbsp;
Anglo holds crucial copper reserves in Chile and Peru, with Glencore's stake in Collahuasi adding intrigue.&nbsp;
However, Glencore&#8217;s $6.9 billion Teck coal acquisition and political and regulatory complexities in South Africa heighten the situation, including upcoming national elections, complicate the matter.&nbsp;
BHP faces a May 22 deadline for a new bid.
2. Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) reported Q1 results from its Don David Gold Mine in Oaxaca, Mexico, and provided a corporate update. 
Key achievements included the production and sale of 3,557 ounces of gold, 216,535 ounces of silver and significant amounts of zinc, copper and lead.&nbsp;
The company holds $5.7 million in cash with no debt and $13.6 million in working capital as of March 31, 2024.&nbsp;
Challenges such as reduced plant throughput and lower recoveries were managed, and base metal prices were below expectations.&nbsp;
A net loss of $4 million or 5 cents per share was recorded for the quarter, after expenses related to exploration and drilling.&nbsp;
The total cash cost per gold equivalent ounce was $1,667, and the all-in sustaining cost was $2,295.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38591175/barrick-golds-golden-cross-opportunity-analyst-sees-ample-opportunity-for-catch-up-">Barrick Gold&#8217;s Golden Cross Opportunity — Analyst Sees &#8216;Ample Opportunity For Catch Up&#8217; Post Q1</a>
3. The U.S. Department of Commerce announced preliminary findings that aluminum extrusion producers from 14 countries, including China, India and Italy, sold products in the U.S. at less-than-fair value. 
The U.S. Aluminum Extruders Coalition and various unions support the imposition of duties to protect U.S. producers and workers.&nbsp;
These measures are crucial to counteract the widespread dumping practices harming U.S. industry, with ongoing efforts to ensure accurate final determinations of dumping margins.
Bonnell Aluminum, a subsidiary of Tredegar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>), was pleased with the ruling to institute preliminary dumping duties on unfairly traded imports of aluminum extrusions.
4. Nexa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEXA#NYSE">NEXA</a>) reported a quarterly loss of 15 cents per share, marking a 1400% increase in losses from the previous year. 
Despite this, their $580 million in quarterly sales exceeded expectations by 1.76% but showed a 13.08% decline from the prior year.&nbsp;
The company also faced two fatal incidents at its El Porvenir and Vazante mines.&nbsp;
Amid challenges like weak market conditions and fluctuating commodity prices, Nexa continued advancing key projects such as the Aripuanã ramp-up and the Cerro Pasco Integration Project, leading to a 59% increase in Mineral Reserves at the complex and a 10% year-over-year increase in overall Mineral Reserves, totaling 110 million tons.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38380999/exclusive-why-this-uranium-bull-market-is-different-weve-really-got-to-start-developing-mines-says-m">EXCLUSIVE: Why This Uranium Bull Market Is Different — &#8216;We&#8217;ve Really Got To Start Developing Mines,&#8217; Says Madison Metals CEO</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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GLCNF

GORO

NEXA

Anglo American Potential Bidding War; Gold Resource Q1 Results; US Acts Against Aluminum Dumping And More: Friday's Top Mining Stories

Legal

USAP

Lawmakers Push For Probe On Unfair Trade In Aluminum Extrusions

As of April 3, 2024, five stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Arq, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arq#NASDAQ">ARQ</a>)</h3>
<ul>
<li>On March 12, Arq reported better-than-expected fourth-quarter financial results. &quot;We capped off 2023 with strong momentum and are very pleased with the steps we have taken and continue to take to further improve our foundational PAC business,&quot; said Robert Rasmus, CEO of Arq. The company&rsquo;s stock gained around 99% over the past month and has a <a href="https://www.benzinga.com/quote/ARQ">52-week high of $7.26 </a>.</li>
<li>RSI Value: 80.19</li>
<li>ARQ Price Action: Shares of Arq gained 7.8% to close at $7.04 on Tuesday.</li>
</ul>
<h3>Alcoa Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aa#NYSE">AA</a>)</h3>
<ul>
<li>On March 11, Alcoa inked a binding Scheme Implementation Deed to acquire Alumina Limited in an all-scrip, or all-stock, transaction. William F. Oplinger, Alcoa&rsquo;s President and CEO, said, &ldquo;Entering into the Scheme Implementation Deed to acquire Alumina Limited is a milestone on our path to deliver value for both Alcoa and Alumina shareholders.&rdquo; The company&rsquo;s stock gained around 30% over the past month and <a href="https://www.benzinga.com/quote/AA"> has a 52-week high </a> of $42.23.</li>
<li>RSI Value: 77.99</li>
<li>AA Price Action: Shares of Alcoa gained 4.8% to close at $35.64 on Tuesday.</li>
</ul>
<h3>Harmony Gold Mining Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmy#NYSE">HMY</a>)</h3>
<ul>
<li>On Jan. 25, Harmony Gold Mining announced that it remains on track to meet the higher end of its full-year production guidance. The company&rsquo;s stock gained around 24% over the past month and has a <a href="https://www.benzinga.com/quote/HMY"> 52-week high </a> of $8.61.</li>
<li>RSI Value: 76.73</li>
<li>HMY Price Action: Shares of Harmony Gold Mining gained 4% to close at $8.41 on Tuesday.</li>
</ul>
<h3>Tredegar Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tg#NYSE">TG</a>)</h3>
<ul>
<li>On March 15, Tredegar posted a loss for the fourth quarter. John Steitz, Tredegar&rsquo;s president and chief executive officer, said, &quot;Results for the fourth quarter were better than expected and improved compared with the third quarter of 2023. There are signs that the downturn at Bonnell, which we believe is a residual impact of the pandemic and started in the second half of 2022, has hit bottom and that a recovery is underway.&quot; The company&rsquo;s stock jumped around 57% over the past month and has a 52-week high is $9.53.</li>
<li>RSI Value: 78.03</li>
<li>TG Price Action: Shares of Tredegar gained 2.7% to close at $6.55 on Tuesday.</li>
</ul>
<h3>Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>)</h3>
<ul>
<li>On Feb. 21, Kaiser Aluminum posted better-than-expected quarterly sales. The company&rsquo;s stock jumped around 28% over the past month and <a href="https://www.benzinga.com/quote/KALU"> has a 52-week high </a> of $91.47.</li>
<li>RSI Value: 83.34</li>
<li>KALU Price Action: Shares of Kaiser Aluminum climbed 2.5% to close at $90.89 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38062468/acuity-brands-likely-to-report-higher-q2-earnings-here-are-the-recent-forecast-changes-from-wall-st"> Acuity Brands Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts </a>

Short Ideas

Small Cap

Top 5 Materials Stocks That May Implode In April

Top Stories for March 15, 2024:
1. Chief Executive Officer of Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) Lourenco Goncalves said he is <a href="https://www.benzinga.com/m-a/24/03/37715707/cliffs-ceo-weighs-lowball-bid-for-u-s-steel-with-union-backing">considering another bid</a> for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) if the current Nippon Steel deal falls apart.
Goncalves added that he would have the backing of the steelworkers union but the bid would be a significantly lower price than the existing offer by Nippon.
For context, Nippon Steel's proposed 14.9 billion acquisition of U.S. Steel has come under increased scrutiny recently.
Several government officials including President Joe Biden have openly opposed the deal on the grounds of national security and the importance of keeping domestic steel production strong.
2. Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported fourth-quarter and full-year 2023 financial results.
The company reported a net loss of $35.6 million (-$1.04 per share) in Q4 2023, a sharp decline from the $3.9 million loss (-$0.11 per share) in <a href="https://ir.tredegar.com/news-releases/news-release-details/tredegar-reports-fourth-quarter-and-full-year-2023-results">Q4 2022</a>.
Excluding special items, the ongoing operations reported a marginal net loss of $0.1 million in Q4 2023, compared to a net income of $0.5 million in the same quarter of the previous year.&nbsp;
Full-year net income for 2023 was a loss of $105.9 million (-$3.10 per share), down from $28.5 million ($0.84 per share) in 2022.
EBITDA for Aluminum Extrusions decreased to $8.0 million from $8.9 million the previous year, with sales volume dropping to 32.9 million pounds from 37.2 million pounds.&nbsp;
Open orders ended the quarter at 14 million pounds, significantly below the pre-pandemic range of 21 to 27 million pounds.&nbsp;
PE Films&#8217; EBITDA improved to $4.5 million from a negative $2.6 million in Q4 2022, with sales volume increasing to 8.5 million pounds.&nbsp;
Flexible Packaging Films (Terphane) saw a decrease in EBITDA to $2.3 million from $7.0 million in Q4 2022, with a slight drop in sales volume.&nbsp;
The declines in Terphane&#8217;s performance were attributed to reduced sales volume and margin, impacted by global oversupply and strong competition in Brazil.
President and CEO John Steitz said, "There are signs that the downturn at Bonnell, which we believe is a residual impact of the pandemic and started in the second half of 2022, has hit bottom and that a recovery is underway. In addition, U.S. authorities have made favorable preliminary determinations regarding a trade case backed by a coalition of members of the Aluminum Extruders Council."&nbsp;
Also Read: <a href="https://www.benzinga.com/markets/commodities/24/03/37744623/lithium-market-signals-potential-turnaround-with-pilbara-minerals-direct-sales-move">Lithium Market Signals Potential Turnaround With Pilbara Minerals&#8217; Direct Sales Move</a>
3. Radius Recycling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NYSE">RDUS</a>) shared preliminary results for its fiscal second quarter of <a href="https://www.radiusrecycling.com/company/investors/news-release-details/22756">2024</a>.
The company expects a net loss of around $35 million, with a loss per share between $1.19 and $1.24.&nbsp;
Adjusted EBITDA is anticipated to be $2 million and the adjusted loss per share from continuing operations should range between $1.05 and $1.10.&nbsp;
Challenges included tight recycled metal supply, wet weather affecting sales volumes and prices and a 15% decrease in ferrous sales volumes due to supply issues.&nbsp;
However, nonferrous sales volumes are up 7% year-over-year, and finished steel volumes increased by 5% year-over-year, with a steel mill utilization rate of 81%.&nbsp;
Pricing for ferrous metals rose 8% quarter-over-quarter, while nonferrous prices increased by 3%, and finished steel prices remained flat.&nbsp;
The company plans to cut costs and improve efficiency, aiming for $40 million in annual savings on top of a previous $30 million, including selling, general and administrative expense reduction by 10%.&nbsp;
It also expects a Q2 operating cash outflow of $50 to $60 million, with Q2 capital expenditures of $15 million and projected fiscal 2024 capital expenditures of $80 million.&nbsp;
Total debt is estimated at $374 million and net debt at $360 million by the end of Q2, with an effective tax rate of about 4% on GAAP results and 8% on adjusted non-GAAP results.
4. Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) provided <a href="https://www.benzinga.com/news/24/03/37740745/steel-dynamics-provides-q1-earnings-guidance-sees-q1-eps-of-3-51-3-55-per-share-vs-3-35-estimate-inc">first quarter guidance</a> for 2024.
The company expects first-quarter earnings between $3.51-$3.55 per share, up from Q4 2023&#8217;s $2.61 and slightly below Q1 2023&#8217;s $3.70.&nbsp;
Stronger steel operations supported by demand from automotive, construction, energy and industrial sectors are driving improved results, especially in flat rolled steel and at its Sinton Texas division.&nbsp;
Metals recycling earnings are set to rise due to better pricing and higher volumes. Despite a solid non-residential construction sector and a healthy order backlog, steel fabrication profits will be strong but lower than the last quarter due to seasonal effects and cost increases.&nbsp;
Based on confidence in its earnings outlook and cash flow generation, the company also bought back $279 million in stock and raised its dividend by 8% to $0.46 per share.&nbsp;
Earnings will be announced on April 23, 2024.
Now Read: <a href="https://www.benzinga.com/news/24/03/37601685/no-bailout-for-chinese-real-estate-developers-spells-trouble-for-iron-ore-prices">No Bailout For Chinese Real Estate Developers Spells Trouble For Iron Ore Prices</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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