Metso Outotec Corp traded at 17.50 this Friday August 21st, increasing 0.94 or 5.68 percent since the previous trading session. Looking back, over the last four weeks, Metso Outotec gained 11.11 percent. Over the last 12 months, its price rose by 55.35 percent. Looking ahead, we forecast Metso Outotec Corp to be priced at 17.07 by the end of this quarter and at 15.83 in one year, according to Trading Economics global macro models projections and analysts expectations.
Metso Outotec Oyj is a Finland-based company that provides process solutions, technologies, and services for the mining and metallurgical industries. Its operations are divided into two segments: Minerals Processing and Metals Refining. Minerals Processing segment consists of six business lines which have been classified as operating segments in 2019: Grinding, Flotation, Filtration, Analyzers and Automation, Thickening and Clarification and Concentrator Plant Solutions. This operating segments have been aggregated to one segment due to their common customers, shared projects and interlink between technologies to form a complete Concentrator Plant. Metals Refining segment consists of three business lines which have been classified as operating segments in 2019: Smelting and Converting, Hydrometallurgy and Metals and Chemicals processing. This operating segments have been aggregated to one segment as they operate in similar regulatory environment and have similar characteristics.