Mercer Intl (NASDAQ:MERC) Stock

Mercer Intl

Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. The pulp segment consists of the manufacture, sale, and distribution of pulp, electricity, and chemicals. The solid wood segment consists of the manufacture, sale, and distribution of lumber, manufactured products wood pallets, electricity, biofuels, and wood residuals from sawmills and other facilities located in Germany and the United States. The company has a geographical presence in the USA, Germany, China, and Other countries, where the majority of revenue is generated from the USA. The majority of the revenue is generated from the Pulp segment.

MERC



Mercer International (NASDAQ:MERC) is an enticing stock for small-cap investors. It pays a quarterly dividend worth 4.55% in annualized yield and trades at rock-bottom prices in late 2024. The rock bottom is a critical

Mercer Near Rock Bottom: Is This High-Yield Play Set to Soar?

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Wall Street&#39;s Most Accurate Analysts Weigh In On 3 Materials Stocks With Over 4% Dividend Yields

GTLS


Insider buying in Heico (NYSE:HEI), Chart Industries (NYSE:GTLS), and Mercer International (NASDAQ:MERC) points to higher prices for their shares. While in differing industries, the companies all have a positive

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Mercer International Inc

MERCANTILE INVST TR NEW by Mercantile Investment Trust PLC

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Merchants Bancorp - Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock

Merchants Bancorp

Merchants Bancorp - Depositary Shares, Each Representing a 1/40th Interest in a Share of 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock, without par value

Merchants Bancorp - Depositary Shares 6.00% Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock

Merchants Bancorp Depositary Shares, each representing a 1/40th interest in a share of Ser B Pref St

MERCHANTS FINCL GRP INC by Merchants Financial Group, Inc.

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MERCHANTS NATL PROPERTIES by Merchants National Properties, Inc.

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WIIM

Mercer International shares are trading higher after the company reported better-than-expected Q4 EPS results.

Mercer International shares are trading higher after the company reported better-than-expected Q4 eps results.

Mercer Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.15 by 66.67 percent. This is a 131.25 percent increase over losses of $(0.80) per share from the same period last year. The company reported quarterly sales of $488.40 million which missed the analyst consensus estimate of $497.50 million by 1.83 percent. This is a 3.81 percent increase over sales of $470.49 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Mercer Intl Q4 GAAP EPS $0.25 Beats $0.15 Estimate, Sales $488.40M Miss $497.50M Estimate

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Earnings Scheduled For February 20, 2025

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 their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga'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.
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<li>Dividend Yield: 6.02%</li>
<li>Wells Fargo analyst Michael Sison maintained an Overweight rating and cut the price target from $62 to $60 on Oct. 25. This analyst has an accuracy rate of 69%.</li>
<li>BMO Capital analyst John McNulty maintained a Market Perform rating and slashed the price target from $57 to $54 on Oct. 25. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Oct. 24, Dow reported better-than-expected third-quarter financial results.</li>
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<h3 class="wp-block-heading">The Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 5.05%</li>
<li>Morgan Stanley analyst Vincent Andrews maintained an Equal-Weight rating and cut the price target from $30 to $25 on Nov. 5. This analyst has an accuracy rate of 79%.</li>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and raised the price target from $30 to $32 on Oct. 7. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Nov. 4, Chemours reported better-than-expected third-quarter financial results.</li>
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<h3 class="wp-block-heading">Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>)</h3>
<ul>
<li>Dividend Yield: 4.55%</li>
<li>RBC Capital analyst Matthew McKellar reiterated a Sector Perform rating with a price target of $7 on Nov. 4. This analyst has an accuracy rate of 70%.</li>
<li>CIBC analyst Hamir Patel maintained a Neutral rating and cut the price target from $10 to $8.5 on Aug. 13. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Oct. 31, Mercer Intl reported a loss for the third quarter.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111124&amp;t=be2bearmibe3na1">trend in MERC stock</a>. </li>
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Wall Street's Most Accurate Analysts Weigh In On 3 Materials Stocks With Over 4% Dividend Yields

RBC Capital analyst Matthew McKellar reiterates Mercer Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) with a Sector Perform and maintains $7 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Mercer Intl, Maintains $7 Price Target

Mercer Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) reported quarterly losses of $(0.26) per share which missed the analyst consensus estimate of $0.15 by 273.33 percent. The company reported quarterly sales of $502.141 million which beat the analyst consensus estimate of $494.500 million by 1.55 percent. This is a 6.65 percent increase over sales of $470.821 million the same period last year.

Mercer Intl Q3 2024 GAAP EPS $(0.26) Misses $0.15 Estimate, Sales $502.141M Beat $494.500M Estimate

Mercer Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-10-31. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Mercer Intl will report an earnings per share (EPS) of $0.08.
The market awaits Mercer Intl's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company missed EPS by $0.70, leading to a 5.48% increase in the share price the following trading session.
Here's a look at Mercer Intl's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.31</td>
<td>-0.11</td>
<td>-0.54</td>
<td>-0.76</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-1.01</td>
<td>-0.25</td>
<td>-0.80</td>
<td>-0.39</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>-3.0%</td>
<td>7.000000000000001%</td>
<td>13.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730311286_0.png" alt="eps graph" />
<h3>Analysts' Take on Mercer Intl</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Mercer Intl.
Mercer Intl has received a total of 2 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $8.25, the consensus suggests a potential 25.19% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Clearwater Paper and Sylvamo, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Clearwater Paper is favoring an Neutral trajectory, with an average 1-year price target of $42.5, suggesting a potential 544.92% upside.</li>
<li>For Sylvamo, analysts project an Neutral trajectory, with an average 1-year price target of $85.25, indicating a potential 1193.63% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
In the peer analysis summary, key metrics for Clearwater Paper and Sylvamo are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mercer Intl</td>
<td>Neutral</td>
<td>-5.75%</td>
<td>$20.29M</td>
<td>-12.74%</td>
</tr>
<tr>
<td>Clearwater Paper</td>
<td>Neutral</td>
<td>11.78%</td>
<td>$35.60M</td>
<td>-3.84%</td>
</tr>
<tr>
<td>Sylvamo</td>
<td>Neutral</td>
<td>1.52%</td>
<td>$249M</td>
<td>9.66%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Mercer Intl ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, it ranks in the middle for Return on Equity.
<h3>About Mercer Intl</h3>
Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. The pulp segment consists of the manufacture, sale, and distribution of pulp, electricity, and chemicals. The solid wood segment consists of the manufacture, sale, and distribution of lumber, manufactured products wood pallets, electricity, biofuels, and wood residuals from sawmills and other facilities located in Germany and the United States. The company has a geographical presence in the USA, Germany, China, and Other countries, where the majority of revenue is generated from the USA. The majority of the revenue is generated from the Pulp segment.
<h3>Mercer Intl's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Mercer Intl's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -5.75% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -13.53%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Mercer Intl's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -12.74%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Mercer Intl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.66%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 3.26, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/MERC/earnings">To track all earnings releases for Mercer Intl visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Mercer Intl

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 their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga'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 class="wp-block-heading">The Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 5.46%</li>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and raised the price target from $30 to $32 on Oct. 7. This analyst has an accuracy rate of 68%.</li>
<li>Barclays analyst Michael Leithead maintained an Equal-Weight rating and cut the price target from $22 to $21 on Sept. 25. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Wednesday, the company's board declared a quarterly cash dividend of 25 cents per share on the Company&#8217;s common stock for the fourth quarter.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1">latest CC news</a>. </li>
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<h3 class="wp-block-heading">Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>)</h3>
<ul>
<li>Dividend Yield: 4.91%</li>
<li>CIBC analyst Hamir Patel maintained a Neutral rating and cut the price target from $10 to $8.5 on Aug. 13. This analyst has an accuracy rate of 66%.</li>
<li>RBC Capital analyst Matthew McKellar maintained a Sector Perform rating and cut the price target from $10 to $8 on Aug. 12. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On Wednesday, Mercer International announced the pricing of private add-on offering of senior notes.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1">MERC news.</a> </li>
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<h3 class="wp-block-heading">Huntsman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>)</h3>
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<li>Dividend Yield: 4.38%</li>
<li>Wells Fargo analyst Michael Sison maintained an Overweight rating and cut the price target from $28 to $26 on Aug. 7. This analyst has an accuracy rate of 71%.</li>
<li>UBS analyst Joshua Spector maintained a Neutral rating and slashed the price target from $23 to $22 on Aug. 6. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Huntsman will hold a conference call on Tuesday, Nov. 5, to discuss its third quarter financial results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1">trend in HUN stock</a>. </li>
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Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

As of September 30, 2024, the Company had cash and cash equivalents of approximately&nbsp;$239 million, approximately&nbsp;$315 million&nbsp;available under its revolving credit facilities and aggregate liquidity of about&nbsp;$554 million.
Mr. Juan Carlos Bueno, Chief Executive Officer, stated: &quot;We continued to see strength in softwood pulp markets with relatively flat fiber costs in the&nbsp;third quarter&nbsp;of 2024. However, our operating results for the quarter were constrained due to the occurrence of several unrelated events that impacted pulp production, including the previously announced unscheduled downtime of 23 days (approximately 35,500 ADMTs) at our Mercer Peace River mill, a slower than normal maintenance start-up and other production upsets at our Stendal Mill (approximately 26,500 ADMTs) and isolated mechanical incidents at our Celgar mill (approximately 9,200 ADMTs).
Our team was able to restart the Mercer Peace River mill slightly earlier than initially planned, limiting&nbsp;the resulting downtime in the&nbsp;fourth quarter&nbsp;to about 12 days. We have no remaining downtime planned at our pulp mills for the&nbsp;fourth quarter&nbsp;of 2024.&quot;
Mr. Bueno concluded: &quot;With the impacts of the unscheduled downtime events behind us, we are optimistic that we are strongly positioned to capitalize on the continued strength in NBSK markets across our pulp mills for the remainder of 2024.&quot;

Reported Earlier, Mercer International Reports Q3 Preliminary Results: Revenue $502.1M ($501M Est.) Up From $470.8M YoY, Net Loss $17.4M Up From $26M YoY

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 their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga'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 class="wp-block-heading">SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>)</h3>
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<li>Dividend Yield: 5.65%</li>
<li>Benchmark analyst Nathan Martin reiterated a Buy rating with a price target of $12 on May 2. This analyst has an accuracy rate of 65%.</li>
<li>B. Riley Securities analyst Lucas Pipes downgraded the stock from Buy to Neutral and cut the price target from $12 to $11 on Aug. 3, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On July 31, SunCoke Energy posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1">latest SXC news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="820" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72.png" alt="" class="wp-image-589236" style="width:682px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72-768x701.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<h3 class="wp-block-heading">Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.24%</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained an Overweight rating and slashed the price target from $60 to $55 on Sept. 13. This analyst has an accuracy rate of 72%.</li>
<li>Fermium Research analyst Frank Mitsch maintained a Hold rating and cut the price target from $60 to $54 on Sept. 12. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Sept. 12, Dow updated its third-quarter revenue and EBITDA outlook, citing an unplanned event at a Texas ethylene cracker and greater input costs and margin compression in Europe.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1">latest DOW news.</a></li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/1fbaa4f3-4fd4-4c79-89e5-65dcb03fc975" alt="" style="width:654px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>)</h3>
<ul>
<li>Dividend Yield: 4.26%</li>
<li>CIBC analyst Hamir Patel maintained a Neutral rating and lowered the price target from $10 to $8.5 on Aug. 13. This analyst has an accuracy rate of 60%.</li>
<li>RBC Capital analyst Matthew McKellar maintained a Sector Perform rating and cut the price target from $10 to $8 on Aug. 12. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Sept. 25, Mercer announced downtime at its Peace River Mill.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1">trend in MERC stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="931" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74.png" alt="" class="wp-image-589240" style="width:679px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74.png 931w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74-768x695.png 768w" sizes="(max-width: 931px) 100vw, 931px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41266054/s-p-settles-at-record-high-as-apple-amazon-shares-surge-investor-optimism-improves-ahead-of-inflati">S&amp;P Settles At Record High As Apple, Amazon Shares Surge: Investor Optimism Improves Ahead Of Inflation Data</a></li>
</ul>

Reported Earlier, Mercer International Announced That Its Peace River Mill Has Taken Downtime To Complete Necessary Repairs To The Mill's Digester After Experiencing A Mechanical Failure

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 their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga'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 class="wp-block-heading">Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.24%</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained an Overweight rating and cut the price target from $60 to $55 on Sept. 13. This analyst has an accuracy rate of 70%.</li>
<li>Fermium Research analyst Frank Mitsch maintained a Hold rating and lowered the price target from $60 to $54 on Sept. 12. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Sept. 12, Dow updated its third-quarter revenue and EBITDA outlook, citing an unplanned event at a Texas ethylene cracker and greater input costs and margin compression in Europe..</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1">latest Dow news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045157/image-199.png" alt="" class="wp-image-564977" style="width:680px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045157/image-199.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045157/image-199-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045157/image-199-768x712.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<h3 class="wp-block-heading">The Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 5.12%</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and lowered the price target from $25 to $18 on Aug. 6. This analyst has an accuracy rate of 70%.</li>
<li>Mizuho analyst John Roberts initiated coverage on the stock with a Neutral rating and a price target of $25 on June 7. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On Aug. 1, Chemours reported mixed second-quarter financial results and issued weak third-quarter net sales guidance.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1">trend in CC stoc</a>k. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045233/image-200.png" alt="" class="wp-image-564978" style="width:664px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045233/image-200.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045233/image-200-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045233/image-200-768x709.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>)</h3>
<ul>
<li>Dividend Yield: 4.68%</li>
<li>CIBC analyst Hamir Patel maintained a Neutral rating and cut the price target from $10 to $8.5 on Aug. 13. This analyst has an accuracy rate of 60%.</li>
<li>RBC Capital analyst Matthew McKellar maintained a Sector Perform rating and lowered the price target from $10 to $8 on Aug. 12. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Aug. 8, Mercer Intl posted upbeat quarterly sales.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1">breakout in MERC shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="877" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045313/image-201.png" alt="" class="wp-image-564979" style="width:655px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045313/image-201.png 877w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045313/image-201-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25045313/image-201-768x723.png 768w" sizes="(max-width: 877px) 100vw, 877px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
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<li><a href="https://www.benzinga.com/markets/24/09/41013033/top-4-industrials-stocks-which-could-rescue-your-portfolio-this-quarter">Top 4 Industrials Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>

Wall Street's Most Accurate Analysts Give Their Take On 3 Materials Stocks With Over 4% Dividend Yields

Although U.S. stocks closed mixed on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">ProFrac Holding</h3>
<ul>
<li>The Trade: ProFrac Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACDC#NASDAQ">ACDC</a>) 10% owner Dan H. Wilks &nbsp;<a href="https://www.benzinga.com/quote/ONEW/analyst-ratings">acquired a total of 353,635 shares at</a> an average price of $6.17. To acquire these shares, it cost around $2.18 million.</li>
<li>What's Happening: On Aug. 8, ProFrac Holding posted downbeat quarterly sales.</li>
<li>What ProFrac Holding Does: ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.</li>
</ul>
<h3 class="wp-block-heading">Weyerhaeuser</h3>
<ul>
<li>The Trade: Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) James Calvin O&#8217;Rourke acquired a total of 7,800 shares at an average price of $32.01. To acquire these shares, it cost around $249,676.</li>
<li>What's Happening: On July 25, Weyerhaeuser reported downbeat second-quarter sales.</li>
<li>What Weyerhaeuser Does: Weyerhaeuser ranks among the world&#8217;s largest forest product companies.</li>
</ul>
<h3 class="wp-block-heading">Mercer International</h3>
<ul>
<li>The Trade: Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) CEO and President Estrada Juan Carlos Bueno <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 7,800 shares</a> at an average price of $6.60. To acquire these shares, it cost around $51,480.</li>
<li>What's Happening: On Aug. 8, Mercer Intl posted upbeat quarterly sales.</li>
<li>What Mercer International Does: Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. </li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40877520/if-you-want-steel-you-do-nucor-says-cramer-when-asked-about-gerdau">&#8216;If You Want Steel, You Do Nucor,&#8217; Says Cramer When Asked About Gerdau</a></li>
</ul>

Long Ideas

Insider Trades

ACDC

Executives Buying Mercer International And 2 Other Stocks

Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Hilton Worldwide</h3>
<ul>
<li>The Trade: Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) Director Judith McHale <a href="https://www.benzinga.com/quote/ONEW/analyst-ratings">acquired a total of 4,750 shares at</a> an average price of $210.81. To acquire these shares, it cost around $1 million.</li>
<li>What's Happening: On Sept. 5, Hilton announced the pricing of senior notes offering.</li>
<li>What Hilton Worldwide Does: Hilton Worldwide Holdings operates 1.2 million rooms across its more than 20 brands serving the premium economy scale through luxury segments.</li>
</ul>
<h3 class="wp-block-heading">PBF Energy</h3>
<ul>
<li>The Trade: PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) 10% owner Control Empresarial de Capitales S.A. de C.V. acquired a total of 770,000 shares at an average price of $31.98. To acquire these shares, it cost around $24.6 million.</li>
<li>What's Happening: PBF Energy will release its earnings results for the third quarter 2024 on Thursday, Oct. 31.</li>
<li>What PBF Energy Does: PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States.</li>
</ul>
<h3 class="wp-block-heading">Mercer International</h3>
<ul>
<li>The Trade: Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) Director Janine North <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 2,000 shares</a> at an average price of $6.04. To acquire these shares, it cost around $12,080.</li>
<li>What's Happening: On Aug. 8, Mercer Intl posted upbeat quarterly sales.</li>
<li>What Mercer International Does: Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. </li>
</ul>
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<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>

More Than $24M Bet On This Energy Stock? Check Out These 3 Stocks Executives Are Buying

U.S. stocks were higher, with the Dow Jones index gaining around 400 points on Monday.
Shares of Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) rose sharply in today's <a href="https://www.benzinga.com/quote/TERN/news">pre-market trading session.</a>
The company announced a top-line data from its Phase 1 randomized, double-blind, placebo-controlled single and multiple-ascending dose trial to assess the safety, tolerability, pharmacokinetics and pharmacodynamics of TERN-601 dosed once-daily in healthy adults with obesity or overweight.
Terns Pharmaceuticals shares jumped 20.2% to $9.38 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares jumped 45.2% to $17.82 after the announced its lung cancer candidate has surpassed Merck&#8217;s multi-billion dollar Keytruda, cutting the risk of disease or death by half.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) gained 41% to $8.80 after the company reported interim data for its breast cancer treatment.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) climbed 16.5% to $18.95 after it was announced the company will join the S&amp;P SmallCap 600.</li>
<li>Emerald Holding, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) gained 15% to $6.16.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) climbed 14% to $7.90.</li>
<li>SunOpta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STKL#NASDAQ">STKL</a>) gained 13.4% to $6.36.</li>
<li>Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) rose 12.8% to $6.41. Adient will replace Mercer International in the S&amp;P SmallCap 600.</li>
<li>Zurn Elkay Water Solutions Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) gained 12.6% to $33.46.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) jumped 11.8% to $5.09. Needham analyst John Todaro reiterated Applied Digital with a Buy and maintained a price target of $11.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) climbed 10.5% to $33.51 after the company announced an enterprise agreement with BP to extend their strategic relationship and introduce new artificial intelligence capabilities with Palantir&#8217;s AIP software.</li>
<li>Inspire Medical Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSP#NYSE">INSP</a>) gained 10.3% to $217.08 after it was announced the company will join the SmallCap 600.</li>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) gained 10.2% to $172.65 after it was announced the company will join the S&amp;P SmallCap 600.</li>
<li>Compass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COMP#NYSE">COMP</a>) rose 10.2% to $5.68.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 10% to $18.82.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) rose 9% to $3.6850 after the company presented long-term overall survival data in non-small cell lung cancer patients and announced registrational intent Phase 3 trials with ANKTIVA and checkpoint immunotherapy at the World Conference on Lung Cancer.</li>
<li>Hamilton Lane Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) gained 7.9% to $157.26 after ht was announced the company will be added to the S&amp;P MidCap 400.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) gained 6.6% to $121.81.</li>
<li>The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) gained 3.7% to $163.55 following the announcement of a preliminary agreement between the company and its workers' union, potentially averting a strike that could have disrupted operations.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 3.6% to $218.32 after its supplier Panasonic announced it completed preparations for mass production of high-capacity EV batteries. It&#8217;s set to produce 4680 cells at the Wakayama plant.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://editorial.benzinga.com/wp-admin/post.php?post=537615&amp;action=edit">McKesson, News Corporation And 2 Other Stocks Executives Are Selling</a></li>
</ul>

Intraday Update

Movers

ADMA

APLD

COMP

HLNE

IBRX

INSP

MSTR

PLTR

RLAY

SDST

SMMT

STKL

TERN

TSLA

Terns Pharmaceuticals, Boeing, Tesla And Other Big Stocks Moving Higher On Monday

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 150 points on Monday.
Shares of Methanex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEOH#NASDAQ">MEOH</a>) fell sharply in today's <a href="https://www.benzinga.com/markets/equities/24/09/40769930/methanex-to-buy-ocis-international-methanol-business-for-2-05b-details">pre-market trading.</a>
Methanex disclosed that it has entered into a definitive agreement to acquire OCI Global‘s international methanol business for $2.05 billion.
Methanex shares tumbled 6.3% to $39.79 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>C4 Therapeutics, Inc.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCC#NASDAQ">CCCC</a>) shares dipped 17% to $4.48 in pre-market trading. C4 Therapeutics will reveal preliminary CFT1946 monotherapy Phase 1 clinical data at ESMO Congress 2024.</li>
<li>Lotus Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) shares fell 5.4% to $4.90 in pre-market trading after gaining around 6% on Friday.</li>
<li>Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) fell 4.8% to $112.23 in pre-market trading. Daiichi Sankyo and Merck&#8217;s Ifinatamab Deruxtecan showed response rates in extensive-stage small cell lung cancer in Phase 2 IDeate-Lung01 trial.</li>
<li>Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) shares declined 3.2% to $5.50 in pre-market trading. Adient will replace Mercer International in the S&amp;P SmallCap 600.</li>
<li>Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) shares fell 3.1% to $12.68 in pre-market trading.</li>
<li>QXO, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NASDAQ">QXO</a>) fell 2.3% to $13.97 in pre-market trading after gaining over 4% on Friday.</li>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) shares slipped 2.3% to $7.34 in pre-market trading.</li>
</ul>
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Methanex, Merck And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Canada&#8217;s railway strike could <a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">have major impacts </a>on various sectors and companies in the U.S. that rely on goods and commodities from the second-largest company in the world.
Canadian National Railway&nbsp;Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Canadian Pacific Kansas City Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) said they locked out their workers and shut their networks in Canada early on Thursday after labor negotiations with the Teamsters Canada Rail Conference failed to result in a new union contract, Reuters reported.
Canada uses railways extensively to export grain, automobiles, potash, coal and other goods that are sold by companies &#8212; about $277 billion worth annually.
Thursday&#8217;s stoppage by these two Canadian railways could prove to be a major shock to U.S. companies and sectors because of the amount of goods and commodities they carry in North America.
Canadian National Railway Company operates 20,000 miles of railroad that spans the entire width of Canada and follows the Mississippi River all the way to the Gulf of Mexico.
The Canadian Pacific Kansas City also runs a 20,000-mile network that covers Canada from east to west but also travels down through the U.S. and into Mexico.
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
Here are some sectors that stand to be hurt by the rail stoppage:
<h2 class="wp-block-heading">Automobile</h2>
The U.S. imported and exported transportation equipment worth about $73 billion respectively in 2023 from Canada, according to the International Trade Administration. Canadian National&#8217;s website said it carries over 2 million finished vehicles a yearon an annual basis and services 12 North American vehicle assembly plants.
Canadian Pacific Kansas City caters to about 90% of automotive assembly plants in Mexico, it said on its website.
Price Action: Major automobile manufacturers had mixed performances into Thursday&#8217;s mid-afternoon trading.
<ul>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) rose 0.69% to $10.93</li>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) ticked up 0.05% to $46.58</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 1.30% to $16.34</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3.84% to $214.70 </li>
</ul>
<h2 class="wp-block-heading">Timber</h2>
Canada&#8217;s timber exports totaled $3.5 billion in 2022, according to Canadian government data.
 Pulp producer Mercer International&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) said it was working on contingency plans for alternative transport methods in response to the strike.
Price Action: Major lumber retailers and producers trended downward on Thursday.
<ul>
<li>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) fell 1.17% to $366.12</li>
<li>Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) declined 0.68% to $240.72</li>
<li>Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) dropped 0.53% to $30.25</li>
<li>West Fraser Timber Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) slipped 0.61% to $80.52</li>
</ul>
<h2 class="wp-block-heading">Grains And Agricultural Products</h2>
Nearly three dozen North American&nbsp;agricultural groups have warned that a simultaneous stoppage would be very severe on bulk commodity exporters in both Canada and the United States.
Price Action: Major manufacturers of grains and agricultural products saw losses on Thursday.
<ul>
<li>Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) declined 0.60% to $62.93</li>
<li>The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) dipped 0.29% to $27.84</li>
<li>AGCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) slid 0.32% to $89.19</li>
</ul>
Read Now: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40375185/home-depots-price-forecasts-for-2024-lowered-by-analysts-amid-modest-sales-growth-c">Home Depot&#8217;s Price Forecasts For 2024 Lowered By Analysts Amid Modest Sales Growth, Cite Weaker Consumer Outlook</a></li>
</ul>

AGCO

STLA

2 Railway Strikes, 3 US Sectors In Trouble: $277B In Goods At Stake As Canadian Unions Call For New Contracts

CIBC analyst Hamir Patel maintains Mercer Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) with a Neutral and lowers the price target from $10 to $8.5.

CIBC Maintains Neutral on Mercer Intl, Lowers Price Target to $8.5

RBC Capital analyst Matthew McKellar maintains Mercer Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) with a Sector Perform and lowers the price target from $10 to $8.

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