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.

Bottom line

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.)

null

If you liked this article you might like

What BHP Means for Oil; How ADP Could Have Avoided a Showdown: Best of Cramer

Market Rally Fades as Dow, S&P 500 and Nasdaq Finish Lower

Wall Street Holds Lower as Consumer, Defense Names Decline