27.12.2016 13:00:00
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Metals and Minerals Stocks Under Review -- Vale, Cliffs Natural Resources, Tahoe Resources, and Cloud Peak Energy
NEW YORK, December 27, 2016 /PRNewswire/ --
Industrial Metals and Minerals is a cyclical space that lies at the heart of the global construction and manufacturing industries. Industrial Metals include copper, steel, aluminum, lead and zinc, while Industrial Minerals include asphalt, silica, gypsum and potash. This morning, Stock-Callers.com takes note of the most current performances of: Vale S.A. (NYSE: VALE), Cliffs Natural Resources Inc. (NYSE: CLF), Tahoe Resources Inc. (NYSE: TAHO), and Cloud Peak Energy Inc. (NYSE: CLD). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Vale
Last Friday at the close, shares in Rio de Janeiro, Brazil headquartered Vale S.A. ended 1.03% lower at $7.71. The stock recorded a trading volume of 20.11 million shares. The Company's shares have surged 44.17% in the previous three months and 135.75% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.61% and 37.24%, respectively. Furthermore, shares of Vale, which together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally, have a Relative Strength Index (RSI) of 43.62.
On December 07th, 2016, research firm Credit Suisse upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On December 19th, 2016, Vale announced that it will sell its Fertilizer business to The Mosaic Co., excluding its nitrogen and phosphate assets in Cubatão, Brazil. The transaction with Mosaic provides value of approximately US$2.5 billion, consisting of US$1.25 billion in cash and approximately 42.3 million shares of common stock to be issued by Mosaic, which represents approximately 11% of Mosaic's total outstanding shares of common stock on a post-issuance basis. Following completion of the transaction, Vale will also have the right to appoint two Directors to Mosaic's Board of Directors. Sign up and read the free research report on VALE at:
http://stock-callers.com/registration/?symbol=VALE
Cliffs Natural Resources
Cleveland, Ohio headquartered Cliffs Natural Resources Inc.'s stock finished Friday's session 0.90% lower at $8.85 with a total trading volume of 5.87 million shares. The Company's shares have soared 46.28% over the previous three months and 460.13% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 14.81% and 53.83%, respectively. Additionally, shares of Cliffs Natural Resources, which produces and supplies iron ore, have an RSI of 49.40.
On December 14th, 2016, the Company announced executive leadership promotions, effective January 01st, 2017. The Company announced that P. Kelly Tompkins will become Executive Vice President and COO. Mr. Tompkins, who currently is Executive Vice President and CFO, will oversee the US Iron Ore and Asia/Pacific Iron Ore Operations, as well as the Commercial and Business Development functions. The Company named Timothy K. Flanagan as Executive Vice President, CFO, and Treasurer. Mr. Flanagan, currently Vice President, Corporate Controller, Treasurer and Chief Accounting Officer, will assume executive responsibility for Finance, Accounting, Tax, Treasury and Investor Relations. The complimentary research report on CLF can be downloaded at:
http://stock-callers.com/registration/?symbol=CLF
Tahoe Resources
Shares in Reno, Nevada headquartered Tahoe Resources Inc. ended the session 0.34% higher at $8.75 with a total trading volume of 1.19 million shares. The stock has gained 0.92% on an YTD basis. The Company's shares are trading below their 50-day moving average by 15.75%. Moreover, shares of Tahoe Resources, which together with its subsidiaries, explores, develops, and operates mines in the Americas, have an RSI of 33.47.
On November 22nd, 2016, Tahoe Resources announced that a previously reported protest involving approximately 25 people outside the Company's Escobal mine in Guatemala has reached a voluntary end. The Company noted that Production at Escobal has remained at normal levels throughout the protest and Tahoe Resources continues to target over 20 million ounces of silver production for FY16.
On December 12th, 2016, research firm RBC Capital Markets upgraded the Company's stock rating from 'Sector Perform' to 'Outperform' while revising its previous target price from $27 a share to $19 a share. Register for free on Stock-Callers.com and access the latest report on TAHO at:
http://stock-callers.com/registration/?symbol=TAHO
Cloud Peak Energy
Gillette, Wyoming headquartered Cloud Peak Energy Inc.'s shares recorded a trading volume of 1.53 million shares, and closed 4.37% higher at $5.97. The stock has gained 32.37% in the previous three months and 187.02% on an YTD basis. Shares of the Company are trading 62.85% above their 200-day moving average. Additionally, shares of Cloud Peak Energy, which produces coal in the Powder River Basin in the US, have an RSI of 51.28.
On December 20th, 2016, research firm MKM Partners initiated a 'Neutral' rating on the Company's stock, with a target price of $6 per share. Get free access to your research report on CLD at:
http://stock-callers.com/registration/?symbol=CLD
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