A study of analyst recommendations at the major brokerages shows that
In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise. Click here to find out the Analyst Favorites of the Metals Channel Global Mining Titans Index »
From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.
According to the ETF Finder at ETF Channel, TX makes up 5.46% of the Steel ETF (SLX)which is trading lower by about 1.1% on the day Friday.
See what other ETFs contain TX »
See what other stocks are held by SLX »
TX operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like
TX is currently trading off about 0.1% midday Friday.