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4-Traders Homepage  >  Equities  >  Nyse  >  Cliffs Natural Resources Inc    CLF

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Cliffs Natural Resources Inc : Notable Movers: MGM Resorts International, Cliffs Natural Resources, Netflix

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03/14/2013 | 08:25pm CEST

NEW YORK, March 14, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on MGM Resorts International, Cliffs Natural Resources, Netflix.

Shares of MGM Resorts International(NYSE:MGM) went up by more than 7% on Thursday after Kirk Kerkorian, its biggest shareholder, requested permission to increase his stake in MGM to a maximum of 25%.

In a filing with SEC, Tracinda Corp. said that there has been no decision made on how many shares may be owned.

How Should Investors Trade MGM After The Solid Rally? Find Out Here http://vbtrendreport.com/aw/?code=MGM

Kerkorian’s Tracinda presently owns about 18.6% of total shares of MGM Resorts. MGM Resorts

runs 15 properties in Michigan, Mississippi and Nevada, including MGM Grand, Bellagio, Luxor, CitiCenter, Mandalay Bay and Aria properties located on the Las Vegas strip. It is also the majority owner of MGM China Holdings that owns the MGM Macau casino resort.

Macau happens to be the only place in China where gambling is considered to be legal.

MGM Resorts had reported last month that its loss for the fourth quarter has widened. The company’s adjusted loss and revenue both could meet the expectations of the Wall Street.

In other news, Cliffs Natural Resources Inc(NYSE:CLF), the mining and natural resources company, has declared its decision to idle its Wabush Pointe Noire pellet facility in Canada for the time being. The decision has been taken due to lower pellet premium pricing and high costs of production. Both the factors are expected to persist in a number of markets throughout 2013.

Is CLF a Buy After Today’s Slump? Get Free Trend Analysis Here http://vbtrendreport.com/aw/?code=CLF

Product mix at the Eastern Canadian Iron Ore sector of the company contains iron ore concentrate and pellet. Cliff is planning on temporarily shutdown its iron ore pellet facility at Pointe Noire and move to iron ore concentrate production.

The decision will affect about 165 families, who were engages in the operations of the factory. Cliffs is supposed to provide these workers with other employment opportunities.

Cliffs has predicted sales and production volume of 9-10 million tons for the year 2013 at its business segment of Eastern Canada. This entails about 3 million tons of iron ore concentrate as well as pellets from its Wabush operations.

Netflix, Inc.(NASDAQ:NFLX) and Fox Television Studios has declared today that the third season of The Killing will be exclusively available to all the streaming members after it is aired in the US and Canada.

Is NFLX Ready To Hit $300 This Year? Find Out Here http://vbtrendreport.com/aw/?code=NFLX

The deal will be bringing the Season 3 to members of Netflix three months after the season climax airs in AMC. This gives Netflix the exclusivity of being the subscription television service for the Season 3 of The Killing. Both the previous seasons of the TV Series are now available for Netflix users in Canada.

About vb-news.net
vb-news.net’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
Disclaimer
The assembled information disseminated by vb-news.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. vb-news.net does expect that investors will buy and sell securities based on information assembled and presented in vb-news.net. PLEASE always do your own due diligence, and consult your financial advisor.
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© Accesswire 2013
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Financials ($)
Sales 2017 2 537 M
EBIT 2017 609 M
Net income 2017 450 M
Debt 2017 1 125 M
Yield 2017 -
P/E ratio 2017 4,54
P/E ratio 2018 6,60
EV / Sales 2017 1,27x
EV / Sales 2018 1,26x
Capitalization 2 107 M
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Cliffs Natural Resources I Technical Analysis Chart | CLF | US18683K1016 | 4-Traders
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Mean consensus HOLD
Number of Analysts 7
Average target price 8,25 $
Spread / Average Target 16%
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Managers
NameTitle
C. Lourenço Gonçalves Chairman, President & Chief Executive Officer
P. Kelly Tompkins Chief Operating Officer & Executive Vice President
Timothy K. Flanagan Chief Financial Officer, Treasurer & Executive VP
Robert P. Fisher Independent Director
Joseph A. Rutkowski Independent Director
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