NEW YORK, November 15, 2016 /PRNewswire/ --
Focus today is on Industrial Metals and Minerals, which is one of the largest and fastest growing industrial industries in the world, encompassing a broad range of industrial segments, from resource extraction to the creation and processing of end products. Pre-market, Stock-Callers.com has initiated reports coverage on the following equities: Vale S.A. (NYSE: VALE), Cliffs Natural Resources Inc. (NYSE: CLF), Teck Resources Ltd (NYSE: TCK), and U.S. Silica Holdings Inc. (NYSE: SLCA). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration
Rio de Janeiro, Brazil headquartered Vale S.A.'s shares finished Monday's trading session flat at $7.69. A total volume of 43.00 million shares was traded, which was above their three months average volume of 26.73 million shares. In the last month and the previous three months, the stock has advanced 37.81% and 29.24%, respectively. Additionally, the Company's shares have surged 133.74% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 28.48% and 56.10%, respectively. Moreover, 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 73.07.
On November 01st, 2016, research firm Citigroup upgraded the Company's stock rating from 'Sell' to 'Neutral'.
On November 11th, 2016, Reuters reported that Brazilian iron ore mining joint venture Samarco Mineração SA and its controllers Vale S.A. and BHP Billiton Ltd have 30 days to make a deposit of 1.2 billion reais ($354 million) to fund preparatory measures after last year's dam disaster. Sign up and read the free research report on VALE at: http://stock-callers.com/registration/?symbol=VALE
Cliffs Natural Resources
On Monday, shares in Cleveland, Ohio headquartered Cliffs Natural Resources Inc. recorded a trading volume of 17.91 million shares, which was higher than their three months average volume of 10.87 million shares. The stock ended the session 3.38% higher at $7.65. The Company's shares have gained 43.26% in the last one month, 20.47% over the previous three months, and 384.18% since the start of this year. The stock is trading 30.38% and 60.08% above its 50-day and 200-day moving averages, respectively. Furthermore, shares of Cliffs Natural Resources, which produces and supplies iron ore, have an RSI of 75.32.
On October 27th, 2016, the company reported Q3 2016 consolidated revenues of $553 million, a decrease of 7% compared to Q3 2015 revenues of $593 million. Cost of goods sold fell 13% to $468 million compared to $538 million reported in Q3 2015. The Company recorded a net loss of $28 million in the reported quarter compared to net income of $6 million recorded in Q3 2015.
Yesterday, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Equal-Weight'. The complimentary research report on CLF can be downloaded at: http://stock-callers.com/registration/?symbol=CLF
Shares in Vancouver, Canada-based Teck Resources Ltd closed the day at $22.87, climbing 1.24%. The stock recorded a trading volume of 6.65 million shares. The Company's shares have surged 21.84% in the last one month, 40.48% in the previous three months, and 494.52% on an YTD basis. The stock is trading 19.54% above its 50-day moving average and 79.51% above its 200-day moving average. Additionally, shares of Teck Resources, which explores, develops, and produces natural resources in the Americas, the Asia/Pacific, and Europe, have an RSI of 69.77.
On October 27th, 2016, Teck Resources reported profit attributable to shareholders of CAD$234 million (CAD$0.41 per share) and adjusted profit of CAD$152 million (CAD$0.26 per share) compared to CAD$29 million (CAD$0.05 per share) in Q3 2015. Cash flow from operations was CAD$854 million in Q3 2016 compared to CAD$560 million a year ago.
On November 07th, 2016, research firm Citigroup initiated a 'Neutral' rating on the Company's stock. Register for free on Stock-Callers.com and access the latest report on TCK at: http://stock-callers.com/registration/?symbol=TCK
At the closing bell yesterday, shares in Frederick, Maryland headquartered U.S. Silica Holdings Inc. ended 0.61% lower at $45.89. A total volume of 2.25 million shares was traded, which was above their three months average volume of 1.72 million shares. The stock has advanced 13.45% in the previous three months and 146.62% since the start of this year. The Company's shares are trading above their 50-day and 20-day moving averages by 0.75% and 41.69%, respectively. Furthermore, shares of U.S. Silica, which produces and sells commercial silica in the US, have an RSI of 49.46.
On November 09th, 2016, U.S. Silica Holdings announced that it has priced an underwritten public offering of 9,000,000 shares of U.S. Silica's common stock for total gross proceeds of $416,250,000. Get free access to your research report on SLCA at: http://stock-callers.com/registration/?symbol=SLCA
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