Reliance (NYSE:RS) Stock, Quote.Headers.trade-ideas

Reliance

Reliance Steel & Aluminum

Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.

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Regulatory Approvals For US Steel Deal; BHP-Anglo American Deal Falls Through; US GoldMining Sustainability Highlights And More: Thursday&#39;s Top Mining Stories

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The Company intends to use funds borrowed under the Facility from time to time for general corporate purposes, growth and stockholder return activities.

Reliance Enters Into Amended, Restated $1.5B Five-year Unsecured Revolving Credit Facility

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 3.75% on an annualized basis producing an average annual return of 14.29%. Currently, Reliance has a market capitalization of $15.00 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 10 years ago, it would be worth $3,852.87 today based on a price of $272.69 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725912012_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Reliance 10 Years Ago Would Be Worth Today

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Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 3.97% on an annualized basis producing an average annual return of 14.77%. Currently, Reliance has a market capitalization of $15.41 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 10 years ago, it would be worth $4,020.73 today based on a price of $280.19 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724173210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Reliance Stock In The Last 10 Years

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 20 years by 6.16% on an annualized basis producing an average annual return of 14.42%. Currently, Reliance has a market capitalization of $15.70 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 20 years ago, it would be worth $1,468.79 today based on a price of $285.30 for RS at the time of writing.
<h3>Reliance's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723230122_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,500 Today

Wolfe Research analyst Timna Tanners downgrades Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) from Peer Perform to Underperform.

Downgrades

Wolfe Research Downgrades Reliance to Underperform

Reliance anticipates underlying demand will remain relatively stable across the majority of the end markets it serves in the&nbsp;third quarter&nbsp;of 2024 subject to shipment levels to be impacted by normal seasonal patterns, which include a decline in shipping volumes due to planned customer shutdowns and vacation schedules. As a result, the Company estimates its tons sold will be down&nbsp;2.5%&nbsp;to&nbsp;4.5%&nbsp;in the&nbsp;third quarter&nbsp;of 2024 compared to the&nbsp;second quarter&nbsp;of 2024 and up&nbsp;4.5%&nbsp;to&nbsp;6.5%&nbsp;from the&nbsp;third quarter&nbsp;of 2023. Reliance expects its average selling price per ton sold for the&nbsp;third quarter&nbsp;of 2024 to be down&nbsp;2%&nbsp;to&nbsp;4%&nbsp;compared to the&nbsp;second quarter&nbsp;of 2024, primarily driven by lower prices for carbon steel products. Therefore, Reliance anticipates gross profit margin to remain under some pressure in the&nbsp;third quarter&nbsp;of 2024. Based on these expectations, the Company anticipates non-GAAP earnings per diluted share in the range of&nbsp;$3.60&nbsp;to&nbsp;$3.80&nbsp;for the&nbsp;third quarter&nbsp;of 2024.

Guidance

Reliance Expects Q3 Adj EPS of $3.60-$3.80 Vs $4.51 Est

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) reported quarterly earnings of $4.65 per share which missed the analyst consensus estimate of $4.73 by 1.69 percent. The company reported quarterly sales of $3.643 billion which missed the analyst consensus estimate of $3.650 billion by 0.18 percent. This is a 6.10 percent decrease over sales of $3.880 billion the same period last year.

Earnings

Earnings Misses

Reliance Q2 2024 Adj EPS $4.65 Misses $4.73 Estimate, Sales $3.643B Miss $3.650B Estimate

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 20 years by 6.45% on an annualized basis producing an average annual return of 14.98%. Currently, Reliance has a market capitalization of $17.64 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 20 years ago, it would be worth $1,660.05 today based on a price of $307.20 for RS at the time of writing.
<h3>Reliance's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721224818_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Reliance Stock In The Last 20 Years

Reliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation (&quot;FerrouSouth&quot;), a premier toll processing operation headquartered in Iuka, Mississippi. In addition to offering high quality flat-rolled steel processing, FerrouSouth provides logistics services including shipping and warehousing solutions within the rapidly growing Southeastern market. The FerrouSouth operations will operate as a division of Feralloy Corporation, a wholly owned subsidiary of Reliance. For the twelve months ended December 31, 2023, annual net sales for the select tolling operation were approximately&nbsp;$15 million. The terms of the transaction were not disclosed. The transaction is expected to close within the next 30 days, subject to customary closing conditions.

Reliance, Inc To Acquire Tolling Assets from FerrouSouth, Financial Terms Undisclosed

Shares of industrial metal stocks are trading higher following softer-than-expected June CPI figures.

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 3.43% on an annualized basis producing an average annual return of 14.4%. Currently, Reliance has a market capitalization of $15.96 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 10 years ago, it would be worth $3,825.76 today based on a price of $277.90 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720629029_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,800 Today

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Goldman Sachs raised the price target for On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) from $41 to $47. Goldman Sachs analyst Richard Edwards maintained a Buy rating. On Holding shares fell 2.1% to close at $37.22 on Tuesday. <a href="https://www.benzinga.com/quote/ONON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $115 to $92. Deutsche Bank analyst Krisztina Katai maintained a Buy rating. NIKE shares fell 1% to close at $76.04 on Tuesday. <a href="https://www.benzinga.com/quote/nke/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush raised Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $275 to $300. Wedbush analyst Daniel Ives maintained an Outperform rating. Tesla shares gained 10.2% to close at $231.26 on Tuesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc cut the price target for Reliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) from $341 to $325. Keybanc analyst Philip Gibbs maintained an Overweight rating. Reliance shares gained 1% to close at $282.84 on Tuesday. <a href="https://www.benzinga.com/quote/RS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel slashed Summit Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) price target from $55 to $47. Stifel analyst Stanley Elliott maintained a Buy rating. Summit Materials shares fell 0.1% to close at $35.61 on Tuesday. <a href="https://www.benzinga.com/quote/SUM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna raised First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) price target from $258 to $285. Susquehanna analyst Biju Perincheril maintained a Positive rating. First Solar shares fell 2.7% to close at $216.73 on Tuesday. <a href="https://www.benzinga.com/quote/FSLR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut the price target for Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from $505 to $470. Baird analyst Mark Altschwager maintained an Outperform rating. Lululemon shares fell 0.2% to close at $301.67 on Tuesday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson raised First Foundation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NASDAQ">FFWM</a>) price target from $8 to $9. DA Davidson analyst Gary Tenner upgraded the stock from Neutral to Buy. First Foundation shares gained 1.6% to close at $6.57 on Tuesday. <a href="https://www.benzinga.com/quote/FFWM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) price target from $280 to $255. Citigroup analyst Michael Rollins downgraded the stock from Neutral to Sell. Charter Communications shares gained 2.5% to close at  $303.50 on Tuesday. <a href="https://www.benzinga.com/quote/CHTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS cut Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) price target from $17 to $12. UBS analyst Kevin Caliendo maintained a Neutral rating. Walgreens shares fell 0.1% to close at $11.57 on Tuesday. <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Ratings for Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $346.25, with a high estimate of $380.00 and a low estimate of $325.00. This upward trend is evident, with the current average reflecting a 5.24% increase from the previous average price target of $329.00.
<img src="https://www.benzinga.com/files/images/story/2024/1720011636_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Reliance's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Philip Gibbs</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$325.00</td>
<td>$341.00</td>
</tr>
<tr>
<td>Timna Tanners</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$335.00</td>
<td>$340.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$345.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Daniel Knauff</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$380.00</td>
<td>$280.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Reliance. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Reliance compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Reliance's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Reliance's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Reliance analyst ratings.</a>
<h2>All You Need to Know About Reliance</h2>
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
<h3>Key Indicators: Reliance's Financial Health</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Reliance faced challenges, resulting in a decline of approximately -8.08% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Reliance's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.31%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Reliance's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.87% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Reliance's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.86% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Reliance's debt-to-equity ratio is below the industry average at 0.17, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Reliance Analyst Ratings: What You Need To Know

Keybanc analyst Philip Gibbs maintains Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) with a Overweight and lowers the price target from $341 to $325.

Keybanc Maintains Overweight on Reliance, Lowers Price Target to $325

B of A Securities analyst Timna Tanners maintains Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) with a Neutral and lowers the price target from $340 to $335.

B of A Securities Maintains Neutral on Reliance, Lowers Price Target to $335

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 3.46% on an annualized basis producing an average annual return of 14.15%. Currently, Reliance has a market capitalization of $15.91 billion. 
Buying $1000 In RS: If an investor had bought $1000 of RS stock 10 years ago, it would be worth $3,763.79 today based on a price of $277.09 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718398817_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,800 Today

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 10 years by 4.13% on an annualized basis producing an average annual return of 14.75%. Currently, Reliance has a market capitalization of $16.62 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 10 years ago, it would be worth $398.09 today based on a price of $289.36 for RS at the time of writing.
<h3>Reliance's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717686043_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Reliance 10 Years Ago Would Be Worth Today

Top Stories for May 30, 2024:
1. U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Nippon Steel have received all <a href="https://www.benzinga.com/m-a/24/05/39086020/u-s-steel-and-nippon-steel-receive-all-regulatory-approvals-outside-u-s-related-to-proposed-transact">necessary regulatory approvals</a> outside the U.S. for their proposed transaction.&nbsp;
Approvals came from various international competition authorities, including those in the EU, Mexico, Serbia, Slovakia, Turkey and the UK.&nbsp;
U.S. Steel CEO David B. Burritt stated that the approvals confirm the transaction&#8217;s pro-competitive nature and its strategic benefits, enhancing the firm's position as a leading global steelmaker and strengthening the U.S.-Japan alliance against China.
2. After over five weeks of discussions, BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) couldn't reach an agreement to acquire Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) due to disagreements on South African regulatory risk and cost.&nbsp;
BHP was interested in Anglo American&#8217;s valuable copper assets in South America, and maintains that its proposal was the best way to deliver value to Anglo American shareholders.&nbsp;
BHP is disappointed that Anglo American&#8217;s board has ceased discussions and says that Anglo American&#8217;s assertion about the proposal&#8217;s value risk being solely borne by its shareholders is inaccurate.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39071510/hybrid-vehicle-adoption-key-implications-for-lithium-rare-earths-copper-and-aluminu">Hybrid Vehicle Adoption: Key Implications For Lithium, Rare Earths, Copper And Aluminum Investors</a>
3. U.S. GoldMining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USGO#NASDAQ">USGO</a>) announced the release of its sustainability initiatives summary for the past year.&nbsp;
The factsheet highlights the company&#8217;s governance on sustainability risks and its performance on environmental and community initiatives.&nbsp;
Key points include advancing the Whistler Gold-Copper Project in Alaska, contributing to local economic growth and spending $4.3 million with local suppliers
The company also supported community causes with over $60,000 in donations and emphasized health and safety with extensive training.&nbsp;
Finally, the company achieved 50% female representation on its Board of Directors.
4. Reliance&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) short interest has increased by 10.23%, with 1.04 million shares sold short, representing 2.37% of available shares.&nbsp;
At current levels, it would take traders 3.35 days to cover these positions.
5. Alpha Metallurgical&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) short interest has increased by 9.28%, with 1.39 million shares sold short, representing 15.66% of available shares.&nbsp;
At current levels, it would take traders 6.76 days to cover these positions.
6. Seaport Global analyst Martin Englert upgraded Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) from Sell to Neutral.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39067404/this-gold-mine-operator-will-outperform-peers-analyst-says-expect-improvement-at-ol">This Gold Mine Operator Will Outperform Peers, Analyst Says: &#8216;Skouries Construction Gains Momentum&#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!
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Regulatory Approvals For US Steel Deal; BHP-Anglo American Deal Falls Through; US GoldMining Sustainability Highlights And More: Thursday's Top Mining Stories

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Reliance (NYSE:<a href="https://investorplace.com/stock-quotes/rs-stock-quote/">RS</a>) just reported results for the second quarter of 2024.<ul><li>Reliance reported earnings per share of $4.65. This was below the analyst estimate for EPS of $4.73.</li><li>The company reported revenue of $3.64 billion.</li><li>This was 0.19% worse than the analyst estimate for revenue of $3.65 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/rs-stock-earnings-reliance-for-q2-of-2024/">RS Stock Earnings: Reliance Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RS Stock Earnings: Reliance Misses EPS, Misses Revenue for Q2 2024

Reliance, Inc. (RS) Q2 2024 Earnings Call Transcript

BMO Capital analyst Katja Jancic maintained a Buy rating on Reliance Steel (RS – Research Report) yesterday and set a price target of $340.00. Katj...

Buy Rating Justified by Reliance Steel's Strong Financials and Strategic Growth Initiatives

In a report released today, Martin Englert from Seaport Global assigned a Buy rating to Reliance Steel (RS – Research Report), with a price target ...

Reliance Steel (RS) Receives a Buy from Seaport Global

Tracking Yacktman Asset Management Portfolio - Q2 2024 Update

In a report released today, Lawson Winder from Bank of America Securities maintained a Hold rating on Reliance Steel (RS – Research Report). The co...

Bank of America Securities Remains a Hold on Reliance Steel (RS)

Dividend Champion, Contender, And Challenger Highlights: Week Of August 11

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Reliance Industries is progressing lower within Minute Wave ((iii)) Navy against 3220. It is worth noticing that the stock closed in the red despite Nifty 50 Index printing an all-time high early during the day.

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