The Most Liquid Large Cap Basic Materials Companies to Watch Now

Wall St. Watchdog reveals information about the most liquid large cap companies in the Basic Materials sector.  Liquidity is measured by the company’s current ratio, which is the ratio of its current assets to its current liabilities.  Current assets are liquid assets that can be readily converted to cash, or which are cash, and current liabilities are those liabilities (debts) due within the next quarter (90 days).  A current ratio higher than one indicates that the company has more current assets than it does current liabilities.  A current ratio lower than one indicates that the company may have trouble paying its short-term debts with cash and cash equivalents on hand.  The minimum market capitalization for this screen is $10 billion.

  • Sterlite Industries India Limited (ADR) (NYSE:SLT): This company has current assets of $8,020,304,442 against current liabilities of $1,910,967,521, for a current ratio of 4.20. The stock recently traded at $11.83 and its market capitalization is $10,133,184,405. About the company: Sterlite Industries (India) Ltd. manufactures a wide range of electrical wires and related products. The Company’s products include copper cathodes, continuous cast copper rods, power transmission line aluminum conductors, sulphuric acid and phosphoric acid. Sterlite Industries also manufactures zinc and lead products.
  • Nucor Corporation (NYSE:NUE): This company has current assets of $5,861,175,000 against current liabilities of $1,504,438,000, for a current ratio of 3.90. The stock recently traded at $32.44 and its market capitalization is $10,253,050,000. About the company: Nucor Corporation manufactures steel products. The Company’s products include carbon and alloy steel, steel joists, steel deck, cold finished steel, steel grinding balls, steel bearing products, and metal buildingsystems. Nucor also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap.
  • Precision Castparts Corp. (NYSE:PCP): This company has current assets of $3,650,600,000 against current liabilities of $942,000,000, for a current ratio of 3.88. The stock recently traded at $140.86 and its market capitalization is $20,269,190,000. About the company: Precision Castparts Corp. is a worldwide manufacturer of complex metal components and products. The Company manufactures large, complex structural investment castings and airfoil castings used in jet aircraft engines. Precision has also expanded into the industrial gas turbine, industrial metal working tools and machines, and other metal products markets.
  • Companhia Siderurgica Nacional (ADR) (NYSE:SID): This company has current assets of $9,765,510,317 against current liabilities of $2,755,193,770, for a current ratio of 3.54. The stock recently traded at $8.36 and its market capitalization is $12,379,301,256. About the company: Companhia Siderurgica Nacional S.A. manufactures iron and steel in Brazil. The Company operates mines, an integrated steel mill, service centers, ports, and railroads. CSN manufactures and distributes hot-rolled, cold-rolled, and galvanized steel products to the automobile, auto parts, civil construction, electrical equipment, and packaging industries.
  • The Mosaic Company (NYSE:MOS): This company has current assets of $6,684,900,000 against current liabilities of $1,928,500,000, for a current ratio of 3.47. The stock recently traded at $59.48 and its market capitalization is $26,562,870,000. About the company: The Mosaic Company produces and distributes crop nutrients to the agricultural communities located in North America and other countries. The Company’s principal products include concentrated phosphates, and potash.
  • Southern Copper Corporation (NYSE:SCCO): This company has current assets of $3,702,957,000 against current liabilities of $1,139,018,000, for a current ratio of 3.25. The stock recently traded at $29.17 and its market capitalization is $24,661,270,000. About the company: Southern Copper Corporation conducts mining operations in Peru and Mexico. The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.
  • Kinross Gold Corporation (NYSE:KGC): This company has current assets of $2,668,500,000 against current liabilities of $927,400,000, for a current ratio of 2.88. The stock recently traded at $16.26 and its market capitalization is $18,907,110,000. About the company: Kinross Gold Corporation is involved in the exploration, development, and production of gold in countries located around the world. The Company currently has operations in the United States, Brazil, Chile, Ecuador and Russia.
  • Barrick Gold Corporation (NYSE:ABX): This company has current assets of $7,113,000,000 against current liabilities of $2,489,000,000, for a current ratio of 2.86. The stock recently traded at $49.66 and its market capitalization is $50,706,170,000. About the company: Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa. For more analysis on our support levels and ranges for gold and silver, consider a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter.
  • Newmont Mining Corporation (NYSE:NEM): This company has current assets of $7,253,000,000 against current liabilities of $2,747,000,000, for a current ratio of 2.64. The stock recently traded at $55.81 and its market capitalization is $30,388,930,000. About the company: Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.
  • Freeport-McMoRan Copper + Gold Inc. (NYSE:FCX): This company has current assets of $9,851,000,000 against current liabilities of $3,763,000,000, for a current ratio of 2.62. The stock recently traded at $43.55 and its market capitalization is $41,280,190,000. About the company: Freeport-McMoRan Copper & Gold Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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