Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

Avi Kapoor
October 24, 2024

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 high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.

The Chemours Company (NYSE:CC)

  • Dividend Yield: 5.46%
  • 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%.
  • 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%.
  • Recent News: On Wednesday, the company's board declared a quarterly cash dividend of 25 cents per share on the Company’s common stock for the fourth quarter.
  • Benzinga Pro's real-time newsfeed alerted to latest CC news.

Mercer International Inc. (NASDAQ:MERC)

  • Dividend Yield: 4.91%
  • 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%.
  • 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%.
  • Recent News: On Wednesday, Mercer International announced the pricing of private add-on offering of senior notes.
  • Benzinga Pro's real-time newsfeed alerted to latest MERC news.

Huntsman Corporation (NYSE:HUN)

  • Dividend Yield: 4.38%
  • 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%.
  • 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%.
  • Recent News: Huntsman will hold a conference call on Tuesday, Nov. 5, to discuss its third quarter financial results.
  • Benzinga Pro’s charting tool helped identify the trend in HUN stock.

Read More:

  • Tesla, Dow And 3 Stocks To Watch Heading Into Thursday

Continue Reading...

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