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Ma’aden, a mining and metals company based in the Kingdom of Saudi Arabia, along with its subsidiaries, operates in various regions globally including the Indian Subcontinent, Japan, the United States, Europe, Australia, Brazil, Africa, and the GCC. The company has distinct strategic business units such as Phosphate, Aluminium, Base Metals and New Minerals, as well as additional segments. Its primary mining activities involve gold, phosphate rock, bauxite, kaolin, and magnesite, along with the extraction of copper, zinc, and silver concentrates. The company primarily owns stakes in the Mansourah-Massarah, Mahd Ad-Dahab, Bulghah, Al-Amar, Sukhaybarat, As Suq, Ad Duwayhi, Al-Jalamid, Al-Khabra, Az Zabirah, Al-Ghazallah, and Al-Ba’itha mines. It distributes phosphate fertilizers, ammonia, and industrial minerals, along with alumina, aluminum, and flat rolled products directly to customers and through marketing agents. Additionally, the company manufactures aluminum and T-shape ingots, slabs, sheets, and billets, caustic soda and EDC, as well as urea, phosphate, and potassium fertilizers. It also oversees and advances infrastructure projects. Saudi Arabian Mining Company (Ma’aden) is based in Riyadh, the Kingdom of Saudi Arabia.
MAADEN —  TASI —
Current RSI of this stock is 68.72, which indicates the strength of buyers.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
MACD line has just crossed the signal line from the below, generates bullish signal.
Based on our short term trading tips for Saudi Tadawul, Saudi Arabian Mining stock price target will be SAR 55.5 - SAR 56 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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