Harsco Corporation (NYSE:HSC) issued a correction to a published news report on the Internet that erroneously reported the company's involvement in the potential construction of Balkans-region copper by products processing plant.
Harsco Metals & Minerals Group CEO Galdino C. Claro said, "While Harsco is indeed expanding our market-leading services into other metals-related sectors, this published report is simply premature.The fact is that Harsco is in discussions with potential partners regarding future growth opportunities throughout the world. In this specific case, no agreement has yet been reached and Harsco's ultimate level of involvement has yet to be determined. As with all major new initiatives, should something materialize, we will issue an announcement at the appropriate time."
Harsco (NYSE:HSC) has potential upside of 15.2% based on a current price of $23.88 and an average consensus analyst price target of $27.5.
Harsco is currently above its 50-day moving average (MA) of $20.52 and should find resistance at its 200-day MA of $25.27.
In the last five trading sessions, the 50-day MA has climbed 0.57% while the 200-day MA has slid 0.92%.
Harsco is a diversified, multinational provider of industrial services and engineered products serving global industries that are fundamental to worldwide economic growth and infrastructure development. The company operates in four business segments: Harsco Infrastructure, Harsco Metals & Minerals, Harsco Rail and Harsco Industrial. Harsco has operations in over 50 countries, employs approximately 20,000 people and generates annual revenues in excess of $3 billion.
