POSCO Holdings (PKX) Stock

Companies have signed a Memorandum of Understanding (MOU) to create a partnership focused on refining and recycling rare earth elements. ReElement will use its advanced technology to recycle rare-earth magnets and purify ore, producing high-quality rare earth oxides for POSCO's magnet production. This collaboration aims to enhance POSCO's global manufacturing capabilities for rare earth magnets.

POSCO Holdings' earnings in the third quarter of 2024 did not meet expectations, but investors should consider the stock's future potential and possible increase in valuation. Currently, the stock has a forward EV/EBITDA ratio in the mid-single digits and a price-to-book ratio below 0.5. Key factors that could improve PKX's valuation include a recovery in earnings in the fourth quarter and the successful completion of its portfolio restructuring by 2026.

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

If you're interested in stocks that have shown good momentum lately but are still fairly priced, Posco (PKX) might be a good option. It is one of the stocks that made it through our 'Fast-Paced Momentum at a Bargain' filter.

POSCO Holdings Inc. (NYSE:PKX ) Q2 2024 Earnings Conference Call July 25, 2024 2:00 AM ET Company Participants Ki-Seop Jeong - Chief Strategy Officer Conference Call Participants Park Hyun-Wook - Hyundai Motor Company Kim Yoon Sang - HI Investment Securities Eugene Lee - Eugene Securities Operator Good afternoon. Thank you for joining us for the POSCO Holdings Earnings Call for Q2 2024.

Investors interested in stocks from the Steel - Producers sector have probably already heard of Posco (PKX) and Siderurgica Nacional (SID). But which of these two stocks presents investors with the better value opportunity right now?

Korean steel giant POSCO has made a successful pivot to green material business, supplying battery parts for EV leaders like LG & Samsung. PKX has delivered 24% & 29% return over the past 1 & 5 years despite challenging growth and earnings outlook. My target price of $72 means the stock appears overvalued. I advise interested investors to watch for potential correction, especially under the currently weak macro environment.

Posco Holdings' shares climbed after the steelmaker unveiled a joint venture project to produce rare gases for making semiconductors in South Korea.

POSCO Holdings Inc. (NYSE:PKX ) Q3 2023 Earnings Call Transcript October 24, 2023 2:00 AM ET Company Participants Jeong Ki-Seop - President, Co-CEO, CSO Han Young-Ah - Head of Investor Relations Lee Kyung-seop - Chief of LiB Materials Business Conference Call Participants Kim Sang-hoon - HI Investment & Securities Operator We will now begin the 2023 Third Quarter Earnings Release Conference Call of POSCO Holdings. As for today's conference call, after the presentation of POSCO Holdings, we will have a Q&A session with the participants.