Kaiser Aluminum Stock (NASDAQ:KALU), Trade Ideas

Kaiser Aluminum

Kaiser Aluminum Corp produces and sells semi-fabricated specialty aluminum products predominantly to industrial customers. Its products include fabricated aluminum mill products such as flat-rolled (plate, sheet, and coil), extruded (rod, bar, hollows, and shapes), drawn (rod, bar, pipe, tube and wire) and certain cast aluminum products. Geographically, the company generates majority of its revenue from United States.

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Gold Resource Reports Q1 Sales; Worthington Steel Partner-Level Supplier; US Gold&#39;s Direct Offering And More: Tuesday&#39;s Top Mining Stories

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Materials Stocks Delivering High-Dividend Yields

Short Ideas

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.

Top 5 Materials Stocks That May Implode In April

Kaiser Aluminum Corporation - Common Stock

Kaiser Aluminum Corp

Top Stories for April 16, 2024:
1. Gold Resource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) reported <a href="https://www.benzinga.com/news/24/04/38263711/reported-earlier-gold-resource-preliminary-q1-results-sold-3-557-oz-of-gold-and-216-535-oz-of-silver">preliminary Q1 results</a>, including sales of 3,557 ounces of gold and 216,535 ounces of silver, totaling 5,965 gold equivalent ounces. 
The company also sold 1,682 tons of zinc, 264 tons of copper and 667 tons of lead.&nbsp;
CEO Allen Palmiere highlighted ongoing cost reduction and efficiency efforts, the progression of the 2024 drill program aimed at resource and production enhancement and beneficial effects from rising metal prices despite a strong Mexican peso.
2. Worthington Steel (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ws#NYSE">WS</a>) was recognized as a partner-level supplier for the 12th year in a row in the John Deere Achieving Excellence Program, the highest rating from Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>).
Worthington Steel supplies steel sheets to multiple John Deere facilities for various agricultural equipment productions and it earned this recognition for its exceptional product quality and commitment to continuous improvement.&nbsp;
Suppliers in the John Deere Achieving Excellence Program are assessed annually on quality, delivery, process alignment, relationship and value creation.&nbsp;
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/m-a/24/04/38253150/gold-road-considers-major-stake-in-greenstone-investors-wary-of-potential-high-costs">Gold Road Considers Major Stake In Greenstone; Investors Wary Of Potential High Costs</a>
3. U.S. Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>) announced a $4.9 million direct offering. 
The deal includes selling 1.4 million shares at $3.50 each (total of roughly $4.9 million).
It also includes unregistered warrants to buy another 1.4 million shares at $4.48 each. The warrants are exercisable six months post-issuance and expire in five years.&nbsp;
The sale is expected to close by April 19, subject to standard conditions.
4. When asked for a comment on Ioneer's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONR#NASDAQ">IONR</a>) progress at its Rhyolite Ridge lithium site reported Monday, Executive Chairman James Calaway said, "The forthcoming release of the draft EIS represents six years of hard work to help build America's critical minerals supply chain and reaffirms the viability of our investment in Nevada.&#8221;
&#8220;Rhyolite Ridge will help accelerate the electric vehicle transition and secure a cleaner future for our children and grandchildren. As we move through the final steps in the federal permitting process, Ioneer will keep working to ensure this world-class project will operate efficiently and sustainably,&#8221; he added.
5. Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) declared a quarterly dividend of 77 cents per share, payable on May 15 to shareholders on record as of April 25.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38201281/revival-gold-acquires-ensign-minerals-to-become-a-cash-flowing-mid-tier-us-gold-producer">Revival Gold Acquires Ensign Minerals &#8216;To Become A Cash-Flowing Mid-Tier US Gold Producer&#8217;</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!
Photo: Shutterstock

Gold Resource Reports Q1 Sales; Worthington Steel Partner-Level Supplier; US Gold's Direct Offering And More: Tuesday's Top Mining Stories

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3>Kronos Worldwide, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kro#NYSE">KRO</a>)</h3>
<ul>
<li>Dividend Yield: 6.62%</li>
<li>Barclays analyst Michael Leithead maintained an Underweight rating and increased the price target from $7 to $8 on March 26, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Deutsche Bank analyst David Begleiter maintained a Buy rating and cut the price target from $12 to $11 on May 22, 2023. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On March 6, Kronos Worldwide reported better-than-expected fourth-quarter financial results.</li>
</ul>
<h3>The Chemours Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cc#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 3.84%</li>
<li>BMO Capital analyst John McNulty upgraded the stock from Market Perform to Outperform and boosted the price target from $19 to $34 on April 9, 2024. This analyst has an accuracy rate of 65%.</li>
<li>UBS analyst Joshua Spector maintained a Neutral rating and increased the price target from $21 to $28 on April 2, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On March 27, Chemours posted upbeat quarterly results.</li>
</ul>
<h3>Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>)</h3>
<ul>
<li>Dividend Yield: 3.47%</li>
<li>UBS analyst Curt Woodworth initiated coverage on the stock with a Neutral rating and a price target of $67 on Jan. 16, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Benchmark analyst Josh Sullivan reiterated a Buy rating with a price target of $84 on June 15, 2023. This analyst has an accuracy rate of 81%.</li>
<li>Recent News: Kaiser Aluminum is expected to release its first quarter 2024 financial and operating results on April 24, 2024, after the closing bell.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38244013/over-1m-bet-on-this-consumer-cyclical-stock-check-out-these-3-stocks-insiders-are-buying"> Over $1M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying</a>
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Wall Street's Most Accurate Analysts' Views On 3 Materials Stocks Delivering High-Dividend Yields

WIIM

CENX

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Shares of metals stocks are trading higher following sanctions banning the delivery of Russian metals on the London Metal Exchange.

JP Morgan analyst Bill Peterson maintains Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) with a Neutral and raises the price target from $68 to $80.

JP Morgan Maintains Neutral on Kaiser Aluminum, Raises Price Target to $80

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>

Top Stories for Feb. 22, 2024:
1. Century Aluminum Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cenx#NASDAQ">CENX</a>) announced fourth-quarter and full-year <a href="https://www.benzinga.com/quote/CENX/earnings">2023 financial results.</a>
Century reported fourth-quarter net sales of $512.3 million, with a net income of $30 million ($0.30 per diluted share) and an adjusted net income of $40 million ($0.39 per share).
The quarter also saw an ending cash balance of $88.8 million, strong liquidity of $312.5 million and a significant $59.3 million credit from the Inflation Reduction Act.
For the full year, Century&#39;s net sales reached $2.2 billion, despite a net loss of $43.1 million ($0.47 per share), but achieved an adjusted net income of $30.7 million ($0.33 per share).
2023 also saw net cash from operating activities at $105.6 million, reinvestment in capital projects, debt reduction, the acquisition of a 55% stake in Jamalco, a new power agreement for Mt. Holly and a five-year union labor contract for the Sebree smelter.
2. Gold Fields (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gfi#NYSE">GFI</a>) reported full-year 2023 financial results.
The company met its original cost guidance despite inflation and operational challenges, with production at 2.244Moz (99.7% of the 2.250Moz &ndash; 2.300Moz target) and group all-in sustaining costs (AISC) at $1,295/oz, which was better than the forecasted $1,300/oz to $1,340/oz. All-in costs (AIC) were within the expected range at $1,512/oz.
Financially, favorable exchange rates and a strong gold price ($1,942/oz) led to steady normalized earnings of $900 million and free cash flow from operations of $1,002 million, maintaining dividends at R 7.45/share, in line with their policy.
Despite these financial achievements, the company reported three fatalities, underscoring a need for improved safety.
3. Coeur Mining, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cde#NYSE">CDE</a>) announced fourth-quarter and full-year 2023 financial results.
A strong Q4 led to a 35% revenue increase and a more-than-doubling of adjusted EBITDA, driven by production boosts at Rochester, Kensington and Wharf.
The company met its full-year gold and silver production guidance for 2023, with gold up 29% and silver up 34% quarter-over-quarter, totaling 317,671 ounces and 10.3 million ounces, respectively.
Rochester&#39;s expansion is on track, expecting to triple throughput to 32 million tons annually by the first half of 2024, with a notable year-over-year production increase and significant cost reductions also anticipated.
Wharf achieved a record annual free cash flow of $82 million, exceeding four times the initial investment since its 2015 acquisition.
At Silvertip, drilling in the Southern Silver Zone uncovered one of the highest-grade intercepts ever, marking a significant find in this expanding area.
4. Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>) reported fourth-quarter and full-year 2023 financial results.
The company reported fourth-quarter net sales of $722 million and net income of $8 million ($0.47 per diluted share), with adjusted net income at $10 million ($0.60 per diluted share) and adjusted EBITDA of $52 million (14.3% margin).
The Aerospace/High Strength sectors also achieved record net sales and conversion revenue during this period.
For the full year, net sales reached $3.1 billion with net income of $47 million ($2.92 per diluted share) while adjusted net income stood at $44 million ($2.74 per diluted share).
Adjusted EBITDA was $210 million (14.3% margin), and the company maintained strong liquidity, with $599 million as of Dec. 31, 2023.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37268177/the-goat-jim-cramer-says-nvidias-jensen-huang-is-a-bigger-visionary-than-teslas-elon-musk">&#39;The GOAT&#39;: Jim Cramer Says Nvidia&#39;s Jensen Huang Is A Bigger Visionary Than Tesla&#39;s Elon Musk</a>
Photo: Shutterstock

Penny Stocks

Century Aluminum, Gold Fields, Coeur Mining And Kaiser Aluminum Announce Financial Results: Thursday's Top Mining Stories

Kaiser Aluminum Q4 2023 Adj EPS $0.47 May Not Compare To $(0.12) Estimate, Sales $722.00M Beat $718.74M Estimate

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Earnings Scheduled For February 21, 2024

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3>International Paper Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ip#NYSE">IP</a>)</h3>
<ul>
<li>Dividend Yield: 5.17%</li>
<li>RBC Capital analyst Scott Heleniak reiterated an Outperform rating with a price target of $43 on Feb. 2, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Truist Securities analyst Michael Roxland maintained a Buy rating and lowered the price target from $46 to $40 on Feb. 2, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: International Paper reported fourth-quarter sales of $4.601 billion, missing the analyst consensus of $4.674 billion.</li>
</ul>
<h3>Dow Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dow#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.05%</li>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded the stock from Overweight to Neutral with a price target of $55 on Jan. 26, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Wells Fargo analyst Michael Sison maintained an Overweight rating and raised the price target from $59 to $63 on Jan. 26, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: Dow announced completion of inaugural green bond offering.</li>
</ul>
<h3>Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>)</h3>
<ul>
<li>Dividend Yield: 4.66%</li>
<li>UBS analyst Curt Woodworth initiated coverage on the stock with a Buy rating and a price target of $67 on Jan. 16, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Benchmark analyst Josh Sullivan reiterated a Buy rating with a price target of $84 on June 15, 2023. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Kaiser Aluminum is expected to release its fourth quarter and full year 2023 financial and operating results on Feb. 21, 2024.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/37205466/walmart-home-depot-and-3-stocks-to-watch-heading-into-tuesday"> Walmart, Home Depot And 3 Stocks To Watch Heading Into Tuesday </a>
&nbsp;

Shares of aluminum stocks are trading higher following a report suggesting the EU is considering Russian aluminum sanctions.

Tuesday marks the last chance for investors to receive the next dividend payout from Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 77 cents per share. On Wednesday, Kaiser Aluminum will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 77 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own KALU as of the end of Tuesday's session are eligible to receive the 77 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/KALU">Track real-time stock fluctuations for Kaiser Aluminum on Benzinga.</a>

Kaiser Aluminum's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

UBS analyst Curt Woodworth initiates coverage on Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) with a Neutral rating and announces Price Target of $67.

Initiation

UBS Initiates Coverage On Kaiser Aluminum with Neutral Rating, Announces Price Target of $67

Top Stories for Jan. 12, 2024:
1. Royal Gold, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgld#NASDAQ">RGLD</a>) announced that its management will present at the 27th Annual CIBC Western Institutional Investor Conference, where President and Chief Executive Officer Bill Heissenbuttel will participate in a royalty panel discussion on Wednesday, Jan. 17.
2. Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>) announced that its Board of Directors declared a quarterly cash dividend of 77 cents per share.
The dividend will be payable on Feb. 15, 2024, to stockholders as of the close of Jan. 25, 2024.
Additionally, JPMorgan analyst Bill Peterson maintained <a href="https://www.benzinga.com/quote/KALU/analyst-ratings">a neutral rating </a>on Kaiser Aluminum but lowered his price target from $64 to $62.
3. Bragar Eagel &amp; Squire, P.C., a law firm specializing in stockholder rights, is investigating the coal mining company Ramaco Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/metc#NASDAQ">METC</a>) for possible violations of federal securities laws and other illegal activities.
The company&rsquo;s stock rose significantly after a Wall Street Journal report suggesting its Brook Mine had up to $37 billion in rare earth elements, but a report by Wolfpack Research criticized those claims, suggesting the company can&#39;t profitably mine them and might actually lose billions.
The report also highlighted $96.3 million in stock sales by insiders since November, raising concerns about Ramaco&#39;s business practices and stockholder rights.
Now Read:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/01/36614222/stagflation-in-2024-red-sea-crisis-could-trigger-domino-effect-for-global-costs">Stagflation In 2024? Red Sea Crisis Could Trigger Domino Effect For Global Costs</a> 
Photo: Shutterstock

METC

RGLD

Royal Gold At CIBC Conference; Kaiser Aluminum Announces Dividend; Bragar Eagel & Squire Probes Ramaco

JP Morgan analyst Bill Peterson maintains Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) with a Neutral and lowers the price target from $64 to $62.

JP Morgan Maintains Neutral on Kaiser Aluminum, Lowers Price Target to $62

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3>Kronos Worldwide, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kro#NYSE">KRO</a>)</h3>
<ul>
<li>Dividend Yield: 8.68%</li>
<li>Goldman Sachs analyst Duffy Fischer maintained a Sell rating and cut the price target from $8 to $7 on Nov. 7, 2023. This analyst has an accuracy rate of 62%.</li>
<li>Deutsche Bank analyst David Begleiter maintained a Buy rating and cut the price target from $12 to $11 on May 22, 2023. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Nov. 2, Kronos Worldwide today reported a net loss of $20.4 million, or $.18 per share for the third quarter.</li>
</ul>
<h3>Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>)</h3>
<ul>
<li>Dividend Yield: 5.34%</li>
<li>Credit Suisse analyst Curt Woodworth reiterated a Neutral rating with a price target of $72 on July 27, 2023. This analysts has an accuracy rate of 72%.</li>
<li>Benchmark analyst Josh Sullivan reiterated a Buy rating with a price target of $84 on June 15, 2023. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Oct. 25, Kaiser Aluminum posted downbeat sales for the third quarter.</li>
</ul>
<h3>International Paper Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ip#NYSE">IP</a>)</h3>
<ul>
<li>Dividend Yield: 5.17%</li>
<li>Jefferies analyst Philip Ng maintained a Hold rating and slashed the price target from $33 to $32 on Oct. 18, 2023. This analyst has an accuracy rate of 71%.</li>
<li>Citigroup analyst Anthony Pettinari maintained a Neutral rating and raised the price target from $30 to $38 on July 31, 2023. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On Oct. 26, International Paper reported third-quarter sales of $4.61 billion, missing the consensus of $4.81 billion.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/36016489/investor-optimism-edges-lower-following-gdp-data"> Investor Optimism Edges Lower Following GDP Data</a>

Check Out 3 High-Yielding Dividend Stocks In Materials Sector From Wall Street's Most Accurate Analysts

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Shares of industrials stocks are trading higher amid overall market strength following softer-than-expected October inflation data, which has raised hopes of the Fed ending its rate hike cycle. An end to further rate hikes could help boost demand outlook.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3>The Scotts Miracle-Gro Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>)</h3>
<ul>
<li>Dividend Yield: 5.87%</li>
<li>Barclays analyst Gaurav Jain maintained an Equal-Weight rating and cut the price target from $70 to $60 on Sept. 5, 2023. This analyst has an accuracy rate of 65%</li>
<li>Raymond James analyst Joseph Altobello maintained a Strong Buy rating and cut the price target from $86 to $70 on Aug. 3, 2023. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: Scotts Miracle-Gro disclosed a reorganization of its executive team following the planned retirements of President Mike Lukemire and Executive Vice President, Global Human Resources and Chief Ethics Officer Denise Stump.</li>
</ul>
<h3>The Chemours Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cc#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 4.24%</li>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and cut the price target from $64 to $53 on Aug. 2, 2023. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Vincent Andrews reiterated an Equal-Weight rating with a price target of $33 on Aug. 1, 2023. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Chemours posted weaker-than-expected results for the third quarter.</li>
</ul>
<h3>Kaiser Aluminum Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kalu#NASDAQ">KALU</a>)</h3>
<ul>
<li>Dividend Yield: 5.67%</li>
<li>Credit Suisse analyst Curt Woodworth reiterated a Neutral rating with a price target of $72 on July 27, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Benchmark analyst Josh Sullivan reiterated a Buy rating with a price target of $84 on June 15, 2023. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: Kaiser Aluminum reported downbeat sales for the third quarter.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35458129/jim-cramer-wants-you-to-stay-away-from-this-energy-corporation-ive-got-so-many-other-goo"> Jim Cramer Wants You To &#39;Stay Away&#39; From This Energy Corporation: &#39;I&#39;ve Got So Many Other Good Oil Companies&#39;</a>

Check Out 3 Materials Stocks With Over 4% Dividend Yields From Wall Street's Most Accurate Analysts

Kaiser Aluminum Q3 2023 Net Income Per Share $0.34 Vs $0.16 YoY, Net Sales $744M Miss $788M Estimate

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Earnings Scheduled For October 25, 2023

Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-10-25. Here's what investors need to know before the announcement.
Analysts estimate that Kaiser Aluminum will report an earnings per share (EPS) of $0.50. 
Kaiser Aluminum bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.80, which was followed by a 2.83% increase in the share price the next day.
Here's a look at Kaiser Aluminum's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.46</td>
<td>-0.16</td>
<td>0.22</td>
<td>-0.26</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.26</td>
<td>0.42</td>
<td>-0.45</td>
<td>0.60</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.83%</td>
<td>10.58%</td>
<td>-7.36%</td>
<td>13.21%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698177661_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Kaiser Aluminum were trading at $63.46 as of October 23. Over the last 52-week period, shares are down 20.1%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/KALU/earnings">To track all earnings releases for Kaiser Aluminum visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Kaiser Aluminum's Earnings: A Preview

Kaiser Aluminum Corporation (KALU) Q4 2023 Earnings Call Transcript

Kaiser Aluminum (KALU) said after close Wednesday that it earned $0.6 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.On the revenue line, the company reported $722 million, beating estimates by $3.3 million.In th

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Press Releases

Kaiser Aluminum Corporation Publishes 2022 Sustainability Report

Kaiser Aluminum Corporation Announces Quarterly Dividend Payment

Kaiser Aluminum Corporation Reports Third Quarter 2023 Financial Results

Kaiser Aluminum Corporation to Participate in Baird's 2023 Global Industrial Conference

Kaiser Aluminum Corporation to Participate in the Wolfe Research Inaugural Reshoring Conference

Kaiser Aluminum Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Kaiser Aluminum Announces First Quarter 2024 Earnings Release and Conference Call