BHP is currently spending on expansions. The company decided in August to invest in a potash project in Canada – which could cost around $15 billion.
Cliffs is scheduled to report earnings on October 21, 2013. Investors will need to look for improving cash flow from operations, further debt reduction, and review the status of the development projects before deciding to take this company seriously.
(Written by Chris Lau, a Kapitall Writer. Analyst ratings sourced from Zacks Investment Research, all other data sourced from Finviz.)