StockCall.com Provides Stock Research on Cliffs Natural Resources Inc., Peabody Energy Corp., Walter Energy Inc., McEwen Mining Inc., and Central Fund of Canada Ltd
New York City, New York -- (May 24, 2013)
Industrial metals & mining companies in the U.S., as well as globally, have been facing significant challenges amid a slowdown in China, the world’s largest consumer of raw materials. Although concerns of a hard landing in China have eased, the country’s pace of growth has decelerated. This is likely to have a negative impact on demand for raw materials. On Thursday, May 23, 2013, shares in U.S. industrial metals & mining companies ended mostly lower as market participants digested disappointing manufacturing data from China. The major movers in the sector included Cliffs Natural Resources Inc. (NYSE: CLF), Peabody Energy Corporation (NYSE: BTU), Walter Energy Corporation (NYSE: WLT), McEwen Mining Inc. (NYSE: MUX), and Central Fund of Canada Limited (USA) (AMEX: CEF). StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
Shares in Cliffs Natural Resources Inc. fell sharply yesterday, closing 3.64% lower at $20.62. A total of 10.96 million shares were traded which is below the daily average volume of 12.84 million. The company’s shares have gained nearly 14% in the last one month. However, despite the recent gains, the stock is down nearly 45.90% so far this year, underperforming the S&P 500. The stock is currently trading above its 50-day moving average. Sign up for the free report on CLF at
www.StockCall.com/CLF052413.pdf
Peabody Energy Corporation stock was one of the worst performers in the basic materials sector on Thursday, closing 1.48% lower at $20.63 after trading between $20.28 and $20.82. A total of 6.18 million shares were traded, which is below the daily average volume of 8.31 million. However, despite the losses on Thursday, company shares are still up more than 2% this week. So far this year, the stock is down nearly 21.90%. Company shares are currently trading 30.34% below their 52-week high. BTU free technical report can be accessed by signing up at
www.StockCall.com/BTU052413.pdf
Shares in Walter Energy Inc. saw a sharp decline yesterday. The stock closed 4.34% lower at $18.53, and it is now down more than 6.30% in the last three sessions. A total of 6.34 million shares were traded on Thursday which is below the daily average volume of 7.11 million. The company’s shares have fallen 47.80% so far in 2013, underperforming the S&P 500. The stock is currently trading well below its 50- and 200-day moving averages. Free report on WLT can be accessed by registering at
www.StockCall.com/WLT052413.pdf
McEwen Mining Inc.’s stock fluctuated between gains and losses on Thursday before finishing the day flat at $2.33. A total of 2.52 million shares were traded which is below the daily average volume of 3.95 million. The company’s shares have gained nearly 18.90% this week mainly due to the gains on Monday, May 20, 2013. The stock is currently trading slightly below its 50-day moving average.Register withStockCall and download the research on MUX for free at
www.StockCall.com/MUX052413.pdf
Shares in Central Fund of Canada Limited rose sharply yesterday even as the broader market struggled. The stock closed 2.31% higher at $15.93. A total of 828,427 shares were traded between $15.69 and $15.95. However, despite the gains, the company’s shares are down more than 1.30% in the last three sessions. So far this year, the stock has fallen 24.25%, underperforming the S&P 500. Read the full free research on CEF by signing up to StockCall at
www.StockCall.com/CEF052413.pdf
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