The price of CMP is predicted to go up 21.35%, based on the high correlation periods with SMBC. The similarity of these two price pattern on the periods is 97.45%.
CMP
SMBC
Compass holds a portfolio of cost-advantaged assets, including the Ontario rock salt mine and brine operations at the Great Salt Lake in Utah.
Highway deicing salt prices are relatively stable, and Compass' average selling prices in this area have increased over time.
Compass' salt profits are poised for a recovery following two straight mild winters that led to below average deicing salt sales volumes.