Minerals Technologies (NYSE:MTX) Price Target Raised to $89.00

Minerals Technologies (NYSE:MTX) had its price objective hoisted by Truist Financial from $84.00 to $89.00 in a report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other equities analysts have also recently issued reports on MTX. Weiss Ratings restated a “sell (d+)” rating on shares of Minerals Technologies in a research report on Monday, December 22nd. Zacks Research raised shares of Minerals Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen downgraded Minerals Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $89.00.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $71.58 on Monday. The stock has a fifty day moving average price of $63.36 and a 200 day moving average price of $61.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.45 and a current ratio of 2.08. The stock has a market cap of $2.23 billion, a PE ratio of -140.35 and a beta of 1.27. Minerals Technologies has a 1 year low of $49.54 and a 1 year high of $76.96.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.01). Minerals Technologies had a negative net margin of 0.89% and a positive return on equity of 10.22%. The firm had revenue of $519.50 million during the quarter, compared to analysts’ expectations of $517.83 million. During the same quarter in the prior year, the business earned $1.28 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. Sell-side analysts forecast that Minerals Technologies will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 13th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.7%. Minerals Technologies’s payout ratio is -94.12%.

Insiders Place Their Bets

In other news, insider Dj Monagle III sold 23,093 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $61.90, for a total transaction of $1,429,456.70. Following the sale, the insider owned 84,349 shares in the company, valued at $5,221,203.10. This trade represents a 21.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brett Argirakis sold 6,501 shares of Minerals Technologies stock in a transaction on Friday, November 21st. The shares were sold at an average price of $58.68, for a total value of $381,478.68. Following the completion of the sale, the insider directly owned 27,602 shares of the company’s stock, valued at approximately $1,619,685.36. This represents a 19.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MTX. Brandes Investment Partners LP raised its position in shares of Minerals Technologies by 436.3% in the 2nd quarter. Brandes Investment Partners LP now owns 538,073 shares of the basic materials company’s stock worth $29,632,000 after buying an additional 437,734 shares during the period. Broad Bay Capital Management LP acquired a new stake in Minerals Technologies during the second quarter worth about $16,926,000. American Century Companies Inc. increased its stake in Minerals Technologies by 20.3% during the second quarter. American Century Companies Inc. now owns 1,284,532 shares of the basic materials company’s stock worth $70,739,000 after acquiring an additional 216,453 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Minerals Technologies by 26.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 496,215 shares of the basic materials company’s stock worth $27,327,000 after purchasing an additional 103,853 shares during the period. Finally, CSM Advisors LLC acquired a new position in shares of Minerals Technologies in the 2nd quarter valued at about $4,884,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Key Minerals Technologies News

Here are the key news stories impacting Minerals Technologies this week:

• Positive Sentiment: Truist raised its price target on Minerals Technologies to $89, giving the stock fresh analyst-driven upside and likely prompting buy-side interest. Truist Financial Raises Minerals Technologies Price Target to $89.00
• Positive Sentiment: Options-market activity shows unusual volume/positioning in MTX, which traders and short-term funds often interpret as a signal of an anticipated sharp move (commonly bullish when skewed to calls). This can amplify intraday buying and volatility. Is the Options Market Predicting a Spike in Minerals Technologies Stock?
• Neutral Sentiment: Sector flow: multiple junior miners announced private placements and positive drill/assay news this morning (e.g., Iconic Minerals closed a CAD3.75M placement), which supports broader mining-sector risk appetite and may indirectly buoy MTX as investors reallocate to materials. Iconic Minerals Announces Closing of Non-Brokered Private Placement for $3,750,000
• Neutral Sentiment: Policy and supply-chain commentary (e.g., statements praising U.S. critical-minerals policy) keep the macro narrative favorable for materials names but are more relevant to juniors and project developers than MTX’s immediate fundamentals. Atomic Minerals Hails Landmark U.S. Speech on Critical Minerals Supply Chains

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.