This week, I'm looking for the sixth basic materials representative of nine for my Ivy portfolio.

The materials sector has thirteen industries all related to mining, making, and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals; steel; paper; silver; specialty chemicals; gold.

Today I'm reviewing a small-cap industrial metals and minerals company named Ciner Resources LP. Their trading ticker symbol is CINR.

Ciner Resources LP is engaged in the production and sales of natural soda ash from its facility located in Green River, Wyoming. It owns interest in Big Island Mine and Production Facility there, which mines trona, naturally transforming it into soda ash.

The company is a member of American Natural Soda Ash Corporation, which manages soda ash supply chains. Geographically, the company makes sales in the US and other countries.

As of December 31, 2018, it had proven and probable reserves of approximately 236.1 million short tons of trona.

Ciner Resource Partners LLC serves as the general partner of the company. The company was formerly known as OCI Resources LP and changed its name to Ciner Resources LP in November 2015.

Ciner Resources LP is based in Atlanta, Georgia. Ciner Resources LP is a subsidiary of Ciner Wyoming Holding Co.

I use three key data points to gauge dividend paying equities or funds like Ciner Resources LP:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

CINR Price

Ciner's price per share closed at $17.30 yesterday. A year ago its price was $26.44. Price fell $9.14 or 34.57% in the past year.

Assuming Ciner's stock trades in the range of $15.00 to $24.00 this year, Ciner's recent $17.30 price could rise by $1.70 and go to $19.00 by mid-June, 2020.

CINR Dividends

Ciner's most recent quarterly dividend was $0.34 paid May 24th.

That $0.34 Q payout equates to an annual dividend of $1.36 which produces a yield of 7.86% based on yesterday's $17.30 closing price.

Gains For CINR?

Adding the $1.36 annual estimated dividend to my $1.70 estimate of Ciner's price upside shows a $3.06 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we pay a little over $1,000.00 today at the $17.30 recent stock price would buy 58 Ciner Resources LP shares.

A $10 broker fee paid half at purchase and half at sale will cost us $0.17 per share.

Subtract that $0.17 brokerage cost from the estimated $3.06 gross annual gain leaves a net gain of $2.89 X 5858 shares = $167.62 or a 16.75% net gain on a $1,003.40 investment.

Therefore, Ciner Resources LP whose trading ticker symbol is CINR, now shows a possible net gain of 16.75% including a 7.86% dividend yield.

One broker tracks Ciner Resources LP stock:

She says "hold" CINR shares

Therefore, you can look at Ciner Resources LP and see it has made money, is making money, and could net a 16.75% gain including a 7.86% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Ciner Resources LP is worth your time and money.