Dallas, TX -- (SBWIRE) -- 03/18/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) stock jumped 1.93% to $33.80. FCX’s stock was upgraded by equities researchers at Bank of America to a “buy” rating in a report issued on Mar. 5.
Additionally, the company, on Mar. 1, announced the pricing of $6.5 billion of senior notes in four tranches, consisting of 5-year, 7-year, 10-year and 30-year senior notes. Following is a summary of the four new tranches of debt, which will have an aggregate weighted interest cost of approximately 3.9%. The sale of the senior notes is expected to settle on March 7, 2013, subject to customary closing conditions.
Get Latest News, Updates on FCX Here
Cliffs Natural Resources Inc(NYSE:CLF) shares gained 1.80% to $22.09. Analysts at CIBC lowered their price target on shares of CLF from $45.00 to $42.00 in a research report issued to clients and investors on Mar. 13. The firm currently has a “sector perform” rating on the stock.
Additionally, the company, on Mar. 11, announced that it expects to idle its Wabush Pointe Noire pellet plant within the city of Sept-Iles in Quebec by the end of the second quarter of 2013. The Company indicated that its decision to idle its iron ore pellet operation is due to high production costs and lower pellet premium pricing which is expected to persist in certain markets during the year.
Is CLF a Strong Buying Opportunity After The Recent Slump? Find out Here
Century Aluminum Co(NASDAQ:CENX) shares climbed 1.70% to $8.39 in the last trading session. Barclays Capital boosted their price target on shares of CENX from $9.00 to $11.00 in a research note issued on Feb. 22. The firm currently has an “overweight” rating on the stock.
Additionally, the company issued its quarterly earnings data on Feb. 21. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.06. The company had revenue of $317.70 million for the quarter, compared to the consensus estimate of $318.20 million.
Is CENX Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
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