Reliance Steel (RS) “Buy” Rating Reconfirmed by Analysts at KeyBanc; With $84.0 Target; Comstock Mining (NYSEAMERICAN:LODE) Shorts Up By 57.22%

December 7, 2017 - By Linda Rogers

Among 9 analysts covering Reliance Steel (NYSE:RS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Reliance Steel has $95 highest and $31 lowest target. $74.20’s average target is -8.71% below currents $81.28 stock price. Reliance Steel had 30 analyst reports since September 8, 2015 according to SRatingsIntel. Deutsche Bank maintained Reliance Steel & Aluminum Co. (NYSE:RS) on Friday, June 23 with “Buy” rating. Jefferies downgraded the stock to “Hold” rating in Monday, March 21 report. As per Tuesday, October 18, the company rating was upgraded by Clarksons Platou. On Thursday, July 6 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Hold” rating on Wednesday, October 4 by Jefferies. The firm has “Hold” rating by Jefferies given on Wednesday, August 30. Jefferies maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating on Tuesday, May 30. Jefferies has “Hold” rating and $7700 target. As per Friday, November 3, the company rating was maintained by Cowen & Co. The rating was maintained by Cowen & Co on Thursday, August 31 with “Buy”. The rating was maintained by Bank of America on Tuesday, September 5 with “Buy”.

Comstock Mining Incorporated (NYSEAMERICAN:LODE) had an increase of 57.22% in short interest. LODE’s SI was 5.50 million shares in December as released by FINRA. Its up 57.22% from 3.50 million shares previously. With 2.97M avg volume, 2 days are for Comstock Mining Incorporated (NYSEAMERICAN:LODE)’s short sellers to cover LODE’s short positions. The SI to Comstock Mining Incorporated’s float is 3.99%. The stock decreased 5.75% or $0.0211 during the last trading session, reaching $0.3459. About 188,735 shares traded. Comstock Mining Inc. (NYSEAMERICAN:LODE) has declined 53.34% since December 7, 2016 and is downtrending. It has underperformed by 70.04% the S&P500.

Analysts await Reliance Steel & Aluminum Co. (NYSE:RS) to report earnings on February, 15. They expect $0.97 EPS, up 15.48% or $0.13 from last year’s $0.84 per share. RS’s profit will be $70.73M for 20.95 P/E if the $0.97 EPS becomes a reality. After $1.30 actual EPS reported by Reliance Steel & Aluminum Co. for the previous quarter, Wall Street now forecasts -25.38% negative EPS growth.

The stock increased 0.10% or $0.08 during the last trading session, reaching $81.28. About 36,920 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since December 7, 2016 and is uptrending. It has underperformed by 16.57% the S&P500.

Reliance Steel & Aluminum Co. operates as a metals service center company. The company has market cap of $5.93 billion. The firm provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. It has a 15.99 P/E ratio. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

Investors sentiment increased to 1.23 in 2017 Q2. Its up 0.08, from 1.15 in 2017Q1. It is positive, as 36 investors sold Reliance Steel & Aluminum Co. shares while 95 reduced holdings. 39 funds opened positions while 122 raised stakes. 59.94 million shares or 0.37% more from 59.72 million shares in 2017Q1 were reported. Quantbot Tech L P holds 0.15% or 21,192 shares. Citigroup Inc reported 115,792 shares. Us Bank & Trust De holds 0% in Reliance Steel & Aluminum Co. (NYSE:RS) or 1,069 shares. Breton Hill Limited reported 13,389 shares. Blackrock reported 6.96M shares stake. Profit Investment Management Ltd holds 2.67% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS) for 40,508 shares. Cadence Cap Ltd Liability Corp reported 13,477 shares. State Of Wisconsin Board owns 14,113 shares or 0% of their US portfolio. 1,132 were accumulated by Corecommodity Management Limited Liability. The New York-based Global X Mngmt Limited Liability Company has invested 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Van Eck Assoc invested in 87,098 shares or 0.03% of the stock. Crestpoint Capital Management Ltd Liability Com reported 0.13% in Reliance Steel & Aluminum Co. (NYSE:RS). Manufacturers Life Insurance Company The holds 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS) or 107,043 shares. State Treasurer State Of Michigan holds 30,000 shares. Ls Inv Advsr Limited invested 0.03% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS).

Investors sentiment decreased to 0.78 in Q2 2017. Its down 0.62, from 1.4 in 2017Q1. It dived, as 7 investors sold Comstock Mining Inc. shares while 2 reduced holdings. 4 funds opened positions while 3 raised stakes. 53.07 million shares or 1.60% less from 53.93 million shares in 2017Q1 were reported. Van Den Berg Mgmt I owns 30.67M shares. Goldman Sachs Group Inc Incorporated invested in 0% or 24,970 shares. 12,000 are held by Regions Corporation. Loews Corporation holds 0% of its portfolio in Comstock Mining Inc. (NYSEAMERICAN:LODE) for 1.58 million shares. Pnc Fincl Service Gru Incorporated stated it has 0% in Comstock Mining Inc. (NYSEAMERICAN:LODE). Northern Trust Corp reported 79,973 shares. 8.26 million were accumulated by Sun Valley Gold Limited Com. Deutsche Fincl Bank Ag stated it has 1 shares. Blackrock Inc has 0% invested in Comstock Mining Inc. (NYSEAMERICAN:LODE). Credit Agricole S A, France-based fund reported 5 shares. Two Sigma Secs Llc stated it has 28,747 shares or 0% of all its holdings. Vanguard Group holds 0% or 2.24M shares. The Massachusetts-based State Street has invested 0% in Comstock Mining Inc. (NYSEAMERICAN:LODE). Advisory Ser Ltd Limited Liability Company accumulated 0% or 1,000 shares. U S Inc has 0.46% invested in Comstock Mining Inc. (NYSEAMERICAN:LODE).

Comstock Mining Inc. operates as a gold and silver mining firm in Nevada. The company has market cap of $15.67 million. The firm operates in two divisions, Mining and Real Estate. It currently has negative earnings. The Mining segment owns and controls approximately 8,631 acres, including approximately 2,266 acres of patented claims and surface parcels; and approximately 6,365 acres of unpatented mining claims in the Comstock and Silver City Districts.

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By1 Linda Rogers




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