NEW YORK, February 26, 2013 /PRNewswire/ --
Today, Investors-Alliance announced new research reports highlighting Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Cliffs Natural Resources Inc. (NYSE:CLF), BHP Billiton Limited (NYSE:BHP), Vale S.A. (NYSE:VALE) and Alcoa Inc. (NYSE:AA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Freeport-McMoRan Copper & Gold Inc. Research Report
Freeport-McMoRan, the biggest publicly traded copper producer, was recently awarded $7 billion in bank loans to back the company's proposed purchase of Plains Exploration & Production Co. and McMoRan Exploration Co. The financing consists of a $4 billion term loan and a $3 billion revolving credit line, each maturing in five years. In addition, it will help reduce the company's bridge financing to just $5.5 billion to $9.5 billion. The move is seen to steer Freeport away from its dependence on copper production, which is tied to the strength of industrial and construction sectors. Nevertheless, investment bank Goldman Sachs sees a modest price growth this year despite rising slower than gold last year. The Full Research Report on Freeport-McMoRan Copper & Gold Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/4402_FCX]
Cliffs Natural Resources Inc. Research Report
Iron ore and coal producer Cliffs Natural is reaping the benefits of its recent upgrade from JPMorgan analysts to "overweight" from "neutral" with a $40 price target despite dropping 37 percent since mid-September last year. The analysts believe Cliff's shares should climb going forward as their leverage to iron ore prices should be strong over the medium term. The company is struggling despite a 53 percent surge in seaborne spot iron prices, and the current gap between the two is the widest on record. The free fall was attributed to an $899 million loss from its own massive impairment charge and commodity pricing pressures, also cutting its dividend by 76 percent and announce a dilutive capital raise to rightsize its balance sheet. The Full Research Report on Cliffs Natural Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/1300_CLF]
BHP Billiton Limited Research Report
Anglo-Australian miner BHP Billiton, one of the largest mining groups globally, says it is still open to deals involving mergers and acquisitions under its incoming chief executive Andrew Mackenzie, in contrast to other incoming executives preaching austerity at this period. However, he insists his strategy is still focused on current assets. The company previously attempted acquiring Rio Tinto and PotashCorp under outgoing CEO Marius Kloppers before settling on U.S. natural gas producer Petrohawk in a deal that was much smaller in comparison to the two. However, Motley Fool says the failed attempts of Rio Tinto and PotashCorp could be blessings in disguise. The Full Research Report on BHP Billiton Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/ddeb_BHP]
Vale S.A. Research Report
Brazil-based Vale, the world's second largest mining company in the world, has just entered the "oversold" territory with a relative strength index reading of 29.5, changing hands as low as $18.85 per share. According to Forbes, it is a sign that the recent heavy selling is in the process of exhausting itself, and should begin to look for entry point opportunities on the buy side. Earlier this month, the miner entered a binding agreement with Silver Wheaton, where Vale will acquire its gold mines in Brazil and Sudbury. The latter will receive $1.9 billion in cash and 10 million Silver Wheaton warrant with a strike price of $65 as part of the 20 year deal. The divestment is seen as a good move by many analysts, considering the possible decline of gold's lustre amid economic recovery in many parts of the world. The Full Research Vale S.A. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/9726_VALE]
Alcoa Inc. Research Report
Alcoa, the largest aluminum maker in the US and third largest globally, is close to resolving a labor dispute involving workers at its ABI smelter in Quebec, Canada with a new contract agreement. The workers, represented by the United Steelworkers union, are discussing a four-year deal with annual wage increases of as much as 2.8 percent, with job cuts also being considered. In other news, the company led the Dow Jones Industrial Average with a 4.3 percent gain this week, after Citic Group, a Chinese state-owned investor group, announced plans to invest $468 million in Alumina Ltd., whose main asset is World Alumina & Chemicals, a venture with Alcoa. The investment will be used to pay down debt, and could reinstate Alcoa's suspended dividend. The Full Research Report on Alcoa Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.Investors-Alliance.com/r/full_research_report/98df_AA]
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