How to Buy Minerals Technologies Stock
Minerals Technologies Inc
Minerals Technologies is a specialty chemical company located in New York, United States, which is part of the Basic Materials sector, and is traded under the ticker MTX on the NYSE exchange.
Minerals Technologies stock last closed at $72.81, up 1.83% from the previous day, and has increased 32.62% in one year. It has overperformed other stocks in the Specialty Chemicals industry by 0.24 percentage points. Minerals Technologies stock is currently +49.78% from its 52-week low of $48.61, and -19.36% from its 52-week high of $90.30.
As of Sep 13, 2024, there are 32.17M MTX shares outstanding. The market cap of MTX is $2.34B. In the last 24 hours, 80,301 MTX shares were traded.
How to Buy Minerals Technologies Stock
Wondering how to invest in Minerals Technologies stock? Here's how.
- Choose where to buy Minerals Technologies stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Minerals Technologies stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your payment method and add your information.
- Analyze Minerals Technologies stock: The Minerals Technologies ticker symbol is MTX. Is Minerals Technologies stock a good investment? Should you buy shares of MTX? How do MTX's underlying business fundamentals look? Do top analysts think Minerals Technologies is a good buy? Why has MTX's stock price moved recently? (Hint: Our stock research tools can help you understand if MTX is a good stock to buy).
- Place your MTX buy order: Decide if you will purchase MTX shares at the current market price or use a limit order to purchase MTX stock at a given price.
- Get the latest news on your MTX investment: Create a watchlist to important notifications about your position in Minerals Technologies stock.
Step 1: Choose where to buy Minerals Technologies stock
You need an online brokerage account to access the NYSE market and buy MTX shares.
Our recommended brokerage: eToro
In our opinion, eToro is the best online stock brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can invest in MTX stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on the best stock market app, you need to deposit funds:
Watch the video below if you need help depositing money into your brokerage account.
Step 4: Analyze Minerals Technologies stock
After you have decided on the best place to buy Minerals Technologies stock, it's critical to evaluate their stock before you invest, so you truly comprehend the risk and upside.
Minerals Technologies stock at a glance
Minerals Technologies Fundamentals
WallStreetZen was created to help average investors do better fundamental analysis.
You can see all of the due diligence checks on MTX's stock page.
Is MTX stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MTX's intrinsic value.
Using relative valuations methods:
- MTX could be undervalued based on its P/E ratio of 27.07x, relative to Specialty Chemicals industry P/E ratio of 32.81x
- MTX could be undervalued based on its P/B ratio of 1.41x, relative to Specialty Chemicals industry P/B ratio of 3.55x
- MTX could be undervalued based on its PEG ratio of 0.25x
You can access more valuation analysis on MTX's stock here.
MTX Financial Health Summary
Passed Financial Due Diligence Checks:
- Total MTX debt is lower than 5 years ago, relative to shareholder equity.
- MTX's operating cash flow of $260.40M allows it to safely service it's debt of $991.40M.
- There are more short-term assets than short-term liabilities on the MTX balance sheet.
Failed Financial Due Diligence Checks:
- MTX profit margin has gone down from 4.5% to 4% in the past year.
- MTX has a relatively high debt to equity ratio of 0.99.
- There are more long-term liabilities than short-term assets on the MTX balance sheet.
- MTX earnings of $182.40M is not sufficient to cover its interest payments.
You can dive deeper into what analysts are forecasting on the Minerals Technologies stock forecast page.
MTX Momentum
MTX Performance Metrics
Last year, MTX earnings were $86.90M. Over the last five year, MTX's earnings have grown by -8.87% per year. This was slower than the Specialty Chemicals industry average of 5.29%.
Last year, MTX revenue was $2.15B. In the last five year, MTX's revenue has increased by 3.45% per year. This was slower than the Specialty Chemicals industry average of 5.81%.
Dig into MTX's earnings and revenue performance here.
Latest Insiders Trades at MTX
Over the last 12 months, executives and large shareholders at MTX have sold more shares than they have bought.
Dj Monagle Iii, Group President of MTX, was the latest MTX insider to sell. They sold $1,189,914.35 worth of MTX shares on Jun 24, 2024.
Research more about who owns MTX stock here.
Can I rely on MTX as an income stream?
Minerals Technologies pays a dividend of 0.41%, compared to the Specialty Chemicals industry's average dividend yield of 1.85%. If you owned $1,000 worth of MTX stock, you would have been paid $4.12 in the past year.
Minerals Technologies dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Minerals Technologies dividend yield and history here.
What others are saying about MTX
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your MTX buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you need additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your MTX investment
Now that you own some shares in MTX, you'll want to keep up with your stock purchase.
Add MTX to a watchlist to get notified of important updates regarding your MTX stock.
MTX Feed
How to Buy Stock in Minerals Technologies
To reiterate, here are the 6 steps you need to take to buy Minerals Technologies stock right now:
- Choose where to buy Minerals Technologies stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Minerals Technologies stock
- Place your MTX buy order
- Get the latest news on your MTX investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Minerals Technologies, add MTX to your watchlist by clicking the button below.
Other Articles You Might Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.