Vale SA (ADR) (NYSE:VALE) has reported weak Q4 earnings that fell below consensus estimates with earnings per ADR coming in at 62 cents against consensus estimates of 64 cents. The company year over year earnings were heavily bolstered by the massive improvement in the company’s revenues as well as reduced operating costs. Earnings per ADR for the full year clocked in at $2.38 an increase of 14.4% compared to the prior year same quarter and slightly above Zacks consensus estimates of $2.37. Vale SA (ADR) (NYSE:VALE) stock opened at $13.86 in last session, and closed at $13.74, while the day range of VALE stock is $13.72-$13.93. The stock showed a negative weekly performance of -4.12%.
Cliffs Natural Resources Inc.(NYSE:CLF) (Paris:CLF) announced that, in an attempt to avoid a costly and distracting proxy contest, the Company has attempted in good faith to reach a settlement with Casablanca Capital that it believes would be in the best interests of all Cliffs shareholders. Casablanca has requested that Cliffs postpone the record date for its annual meeting of shareholders. In order to accommodate this request and to continue to pursue a potential settlement, Cliffs has determined to postpone the record date for its annual meeting of shareholders, originally scheduled to be held on May 13, 2014. The new record date will be announced in a future press release. Further details regarding the annual meeting, including the date, will be included in the Company’s definitive proxy statement, which will be mailed to shareholders of record in advance of the meeting. Cliffs Natural Resources Inc (NYSE:CLF) stock opened at $19.27, in last session and closed at $19.10. The 52 week range was $15.41-$28.98.Company’s market capitalization is $2.92 billion.
Alpha Natural Resources (NYSE:ANR)‘s stock had its “sell” rating restated by Goldman Sachs in a research note issued on Thursday,Analyst Ratings News reports. Alpha Natural Resources, Inc. (NYSE:ANR) stock gained 5.25% and finished the last session at $5.48. The EPS of the stock remained -5.04. Company’s market capitalization is $1.21 billion.
Molycorp Inc. (NYSE:MCP)’s shares declined 2.17% to $4.96. The company on Mar. 3 announced financial and operating results for the fourth quarter and full year 2013. The Company reported consolidated net revenues of $123.8 million, a 17% decrease over the third quarter of 2013. Molycorp Inc (NYSE:MCP) stock opened the session at $4.99, and closed the session at $5.00.The 52 week range of the MCP stock remained $4.51-$8.06 and the day range was $4.94-$5.14.