Examining the Potential Price Growth of Minerals Technologies Inc. (MTX)


Minerals Technologies Inc.’s recently made public that its Director Motwani Rocky acquired Company’s shares for reported $49994.0 on Mar 06. In the deal valued at $60.82 per share,822 shares were bought. As a result of this transaction, Motwani Rocky now holds 822 shares worth roughly $ 50479.02.

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Then, ARGIRAKIS BRETT sold 927 shares, generating $55,652 in total proceeds. Upon selling the shares at $60.03, the Senior Vice President now owns 15,694 shares.

Before that, Meek Thomas J sold 16,795 shares. Minerals Technologies Inc. shares valued at $1,050,015 were divested by the Senior Vice President at a price of $62.52 per share. As a result of the transaction, Meek Thomas J now holds 83,852 shares, worth roughly $5.15 million.

CL King upgraded its Minerals Technologies Inc. [MTX] rating to a Buy from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 14.71 to its Friday closing price.

Price Performance Review of MTX

On Friday, Minerals Technologies Inc. [NYSE:MTX] saw its stock jump 0.51% to $61.41. On the same session, the stock had its day’s lowest price of $61.38, but rose to a high of $62.67. Over the last five days, the stock has gained 3.59%. Minerals Technologies Inc. shares have risen nearly 1.14% since the year began. Nevertheless, the stocks have risen 5.41% over the past one year. While a 52-week high of $73.57 was reached on 02/02/23, a 52-week low of $49.38 was recorded on 07/17/23. SMA at 50 days reached $57.62, while 200 days put it at $59.54. A total of 0.15 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For MTX Stock

The 24-hour chart illustrates a support level at 60.97, which if violated will result in even more drops to 60.53. On the upside, there is a resistance level at 62.26. A further resistance level may holdings at 63.11. The Relative Strength Index (RSI) on the 14-day chart is 68.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.32%. Stochastics %K at 88.20% indicates the stock is a selling.

How much short interest is there in Minerals Technologies Inc.?

A steep rise in short interest was recorded in Minerals Technologies Inc. stocks on Aug 14, 2023, dropping by 26000.0 shares to a total of 0.25 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.28 million shares. There was a decline of -10.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.64.

Minerals Technologies Inc. [MTX] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,827,627 shares, or roughly 14.83% of the outstanding MTX shares. In other words, the investor’s shares have fallen by -87,076 from its previous 13-F filing of 4914703.0. Additionally, The Vanguard Group, Inc. decreased -1.37% of its stake after which the total value it holdings stand at $226,210,763, while Dimensional Fund Advisors LP reduced -2.54% of its stake to hold $139.91 million in the firm. Over the last quarter, Macquarie Investment Management B purchased 14,541 shares of Minerals Technologies Inc., while Victory Capital Management, Inc. bought 96,665 shares. At present, SSgA Funds Management, Inc. is holding 1,233,925 shares valued at $75.7 million. American Century Investment Manag owned 1,224,016 shares of the company at the time of its most recent 13F filing, worth $75.09 million.

According to FactSet, Minerals Technologies Inc.’s share price will average $76.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.84 percent from its previous closing price of $61.10. Analysts expect Minerals Technologies Inc. stock to reach the higher price of $88.00, while the lowest price estimate is $68.00.


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