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| DON'T BUY | 22.610 | Barry Schwartz | Sold his holdings because the out put of iron ore has been tremendous and there is too much coming on the market. Iron ore prices could go lower because of the huge amount of supply. | 2012-01-16 | |
| DON'T BUY | 27.980 | Gavin Graham | Low P/E forecasted for next year is only about 5.5 times. Time to buy this is when the PE is high. Have been basically flat for the last year. Be careful of commodity stocks when the PE is low. | 2011-08-05 | |
| BUY | 31.880 | Bill Carrigan | Feels it has completed an ABC correction. An excellent Buy. | 2011-05-27 | |
| BUY | 31.910 | Don Reed | They purchased INCO not so long ago. One of the largest producers of Iron Ore. Nickel and Iron Ore produce stainless steel. Likes it at this level and it is a keeper. | 2011-03-15 | |
| TOP PICK | 33.760 | Barry Schwartz | Going to spend 100 billion dollars in expansion from free cash flow. Lowest costs and largest reserves of iron ore of any of its piers. India is slowing down exports of Iron Ore. | 2011-03-01 | |
| PAST TOP PICK | 31.700 | Don Reed | (A Top Pick Aug 24/10. Up 23.77%.) | 2010-11-23 | |
| BUY | 32.590 | Karl Berger | Just announced an expenditure of $10 billion over 5 years on projects in Canada. Company has an incredible stable of assets and if you want commodity exposure, they are good. A little richly valued. (See Top Picks.) | 2010-11-19 | |
| PAST TOP SHORT | 32.340 | Andrew McCreath | (A Top Short Sept 28/09. Up 44.9%.) A pairs trade with Consolidated Thompson Iron (CLM-T). Collapsed the trade when the catalyst came. | 2010-10-15 | |
| TOP PICK | 26.670 | Don Reed | Showing strong growth in iron ore. Totally integrated with their own railroad and ships. Well managed. | 2010-08-24 | |
| PARTIAL BUY | 25.590 | Christine Poole | Have benefited with the increase in iron ore spot prices. The latest pullback has hurt the base metal producers. This is a good opportunity to gain exposure in this space. | 2010-05-26 | |
| BUY | 27.860 | Mark Grammer | Not going to find a better company. Well-managed, good cash flow, high grade iron ore. | 2010-03-04 | |
| DON'T BUY | 26.740 | Charles Lannon | Brazilian stocks are too expensive right now. Fantastic resource base. Consider BHP instead. | 2010-01-26 | |
| PARTIAL SELL | 24.970 | Paul Harris, CFA | Brazilian mining company, largest iron ore producer globally. Making new highs and participating in the current commodity boom. Highly valued at these levels so consider taking some money off the table. Longer term, these companies are in the right sector at the right time and have great assets. | 2009-10-08 | |
| BUY on WEAKNESS | 24.410 | Mark Grammer | Great run company and has had a fantastic run. Could have a pullback. | 2009-10-07 | |
| TOP SHORT | 23.010 | Andrew McCreath | Pairs trade with Consolidated Thompson Iron Mines (CLM-T). Trading at more than 10X next year's cash flow and 15%-20% of revenues are from nickel that he doesn't like. Nickel is currently around $8.50 and expects a ceiling of $10-$11. | 2009-09-28 | |
| Comment | 16.270 | Richard Croft | Buying out of the money Calls for Jan/10 and Selling Calls for the front month either at or in the money? A Calendar Spread by buying a longer-term option and selling a short-term option. Can give you the advantage of time value decay in the option premium. Not a bad strategy and has a pretty high success rate. | 2009-07-09 | |
| BUY | 18.500 | David Baskin | (Market Call Minute.) One of the great mining companies in the world now. If you believe in the long-term base metals story, this is one you could buy. | 2009-06-18 | |
| BUY | 19.240 | David Burrows | Likes basic materials and particularly metals. Stocks he owns bottomed Oct/Nov/Dec well before the indices. Historically these are where smart money gets invested. Thinks ore prices will continue to strengthen. | 2009-06-15 | |
| Comment | 19.890 | Michael Smedley | Cut their Japan-bound iron ore price by 28%. This was inevitable. Once you start cutting prices, you have to have a real recovery before you get any upward traction again. | 2009-06-10 | |
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| Comment | 19.570 | Norman Levine | Brazilian with mostly iron ore. Commodity play. Great balance sheet and cost structure. As a long-term resource play it is a good one to own. World economic recovery company. | 2009-06-08 | |
| BUY | 19.260 | Robert Lauzon | Gives exposure to many base metals and commodities. Has had a rough go of it. Represents a buying opportunity because there are no debt issues. Has about $1.8 billion in cash and could do some major acquisitions without diluting equity holders. | 2009-05-26 | |
| BUY | 16.430 | Andrew Cook | They are the way to go in this market. | 2009-04-24 | |
| BUY | 14.860 | Dennis Da Silva | You play this for where you think iron ore prices are going to go. Encouraged by direction of negotiations. Prices for met coal are starting to show up. If you could see iron ore prices settle out in the same kind of correction, closer to 150-140 there would be significant upside to the stock. Well run company. | 2009-03-26 | |
| BUY | 13.890 | Norman Levine | Largest and highest quality iron ore company globally. Brazilian. Balance sheet is very good so an excellent way to play the commodities market. | 2009-01-27 | |
| BUY | 12.060 | Gavin Graham | One of the premier base and bulk metal companies globally. Gives you exposure to Brazilian iron ore as well as Canadian nickel. Like every other material stock, it has been beaten up unmercifully. | 2009-01-14 | |
| TOP PICK | 11.830 | Norman Levine | Could be a violent rally in the stock market and mining companies could be beneficiaries. Some of them have been driven down to ridiculous levels. This one is low-cost and has a strong balance sheet. Dominant position in iron ore and nickel. (Not a 1-year prediction, but a 6-month prediction.) | 2008-12-30 | |
| Comment | 11.240 | Mark Grammer | Iron ore. Very dependent on what happens in China, which is taking measures to alleviate the slowdown. Relaxing lending standards and reducing reserve requirements for banks. Expects recovery in property in the 2nd half of 2009 that could result in a pickup of demand for steel. Took on debt when they made acquisitions. | 2008-12-29 | |
| PAST TOP PICK | 12.380 | Norman Levine | (A Top Pick Nov 9/07. Down 66%.) Largest iron ore company. Out of Brazil. Collapse in commodity prices has hurt them. 3 to 5 years out this will look to be like a screaming buy opportunity. Over the near term, there could be further downside. | 2008-11-11 | |
| DON'T BUY | 10.110 | Greg A. Taylor, CFA, BBA | Diversified metals. Got caught up in the whole metals/materials boom and has come off hard. Based in Brazil, which has had a huge correction. | 2008-10-27 | |
| BUY | 14.620 | Norman Levine | Premier Iron ore and nickel company in the world. Finances are good. Market was worried they would buy somebody at a peak price, but not now. Won’t go up in a hurry. Ok if long-term investor. | 2008-10-14 | |
| BUY | 12.480 | Don Reed | Have iron and nickel, which goes into stainless steel. Very good situation. No concerns on demand in the case of China where they are still building up their infrastructure. Look out for major slow down in China. | 2008-10-07 | |
| BUY | 20.890 | Drummond Brodeur | Probably starting to get pretty cheap valuations. He is cautious on resource prices in the short term but it is reaching a point where supply is going to be shut down. This is positive for longer-term fundamentals. If growth starts coming out of China as well as India and the emerging market, there will be substantial demand for commodities. Good for a long-term hold. | 2008-09-26 | |
| BUY | 24.990 | Patricia Perez-Coutts | One of her top 10 holdings. Commodity cycle will have to play itself out. However, outlook is still very strong because their main customers, the Chinese, have not dramatically reduced the consumption of steel. On a long-term view, you will be rewarded handsomely. | 2008-09-03 | |
| Comment | 27.650 | Drummond Brodeur | A lot of resource companies have been getting sold off and is basically just a trade off from the out performers to the under performers. A short-term trend and we should continue to see the longer-term out performance by the materials and energy companies. | 2008-07-24 | |
| HOLD | 29.900 | Norman Levine | Great company in the right product, iron ore, at the right time. Unfortunately, company recently announced a dilutive equity issue. Has been oversold. | 2008-07-21 | |
| BUY | 35.670 | Norman Levine | Largest iron ore producer in the world. Iron core prices are through the roof and continuing to stay strong. The price increases they have got on their commodity is so high it's that operating costs do not matter. | 2008-06-24 | |
| PAST TOP PICK | 36.180 | Patricia Perez-Coutts | (A Top Pick June 5/07. Up 59%.) Timing of the iron ore market is the leading catalyst for this one. The consumption trend for iron ore in emerging markets is very strong. Still a BUY. | 2008-06-17 | |
| BUY | 34.570 | Norman Levine | World’s largest iron ore producer as well as the biggest nickel company. Iron ore prices and demand continues to be strong. Doesn’t see this changing for some time. Nickel prices have lagged and hopefully they will start to pick up. Growth company. Stock came off because of a new share issue. | 2008-06-13 | |
| BUY | 41.440 | David Burrows | Brazilian Iron Ore Producer. Mega cap stock. Low cost producer. Good way to participate in increasing iron ore prices. Will continue to be an acquirer. | 2008-05-22 | |
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| TOP PICK | 40.580 | Norman Levine | Brazilian iron ore Company that also owns Inco. Global demand for steel continues to rise. There is a shortage of iron ore. Not expensive. | 2008-05-12 | |
| TOP PICK | 34.290 | Norman Levine | They bought Inco. Their second biggest product is nickel, biggest is iron ore, which is doing well. Great products at the right time. Lots of cash to buy opportunistically down the road. Target increase of 20% | 2008-03-27 | |
| BUY | 31.670 | Norman Levine | (Market Call Minute.) In the mining area, it is one of the best names to own. | 2008-03-10 | |
| BUY | 35.000 | David Burrows | There are a lot of mergers and acquisitions taking place in this space. Extremely interesting the way this is trading relative to the fact that it is in the middle of a possible takeout. Earnings estimates on these companies have been steadily ramping higher. | 2008-03-03 | |
| BUY | 34.900 | Norman Levine | A mining company based in Brazil that bought Inco. Its 2 main minerals are iron ore and nickel. Iron ore is a phenomenal place to be with the demand coming out of China and India for steel. Prices are only going up. Volatile because it is a metal stock and it is based in Brazil. | 2007-12-03 | |
| TOP PICK | 35.700 | Norman Levine | Brazilian mining company that had bought Inco. 2 biggest products are iron ore and nickel. Iron ore is in huge demand and can see pricing going up by 30% in the next year. Nickel demand is also going through the roof. They are in the right places at the right time. | 2007-11-09 | |
| HOLD | 35.500 | Michael Sprung | One of primary base metal producer in the world. Long term its an attractive holding | 2007-10-26 | |
| HOLD | 35.450 | Norman Levine | If you are a long-term investor, this is a world-class, premiere mining company with great assets and a great future. It is due for a correction, so wait before buying. | 2007-10-02 | |
| TOP PICK | 46.300 | Patricia Perez-Coutts | Has good iron ore assets, strong growth ahead of itself. | 2007-06-05 | |
| TOP PICK | 33.930 | Norman Levine | (A Top Pick Jan 25/06. Up 42.6%.) Majority of its sales came from iron ore and copper last year, but with their purchase of Inco (N-T) it is now iron ore and nickel. Nickel and iron ore have very good outlooks. Just announced dramatic increases in capital spending and will increase capacity. | 2007-01-31 | |
| PAST TOP PICK | 29.060 | Norman Levine | (A Top Pick Jan 25/06. Up 22.2%.) Well run company. The best player to own in the iron ore business. Would still buy. | 2006-12-20 | |
| BUY | 26.770 | Ian Nakamoto | Acquired Inco at the right time and inexpensively. If commodity prices stay at these levels, and debt they took on will be paid off pretty quickly. | 2006-11-07 | |
| TOP PICK | 47.580 | Norman Levine | A Brazilian mining company. As the largest and richest reserves of iron ore in the world. He is expecting iron ore to be up about 20% this year. As also got major positions in alumina and have recently gone into copper. The valuation is lower than most major mining companies. Excellent management. Has a nice yield. Thinks there is still a lot of upside. | 2006-01-25 | |
| BUY | 35.280 | Norman Levine | One of the major iron ore producers in the world. Also has big holdings in aluminum and steel. Prospects continue to do well. | 2005-08-15 | |
| PAST TOP PICK | 27.030 | Norman Levine | (A Top Pick Feb 23/05. Down 23%.) Iron ore and commodity stocks have come off recently. Starting to stabilize and once it starts heading back up, would buy. | 2005-05-17 | |
| BUY | 28.170 | Mark Grammer | Had a spike in Feb/05. Was selling into the spike. Just bought some last week at around $27. 3% dividend. | 2005-04-27 | |
| BUY | 33.680 | Ray Steele | Just renewed their contracts and prices are up a lot. Believes this is a secular trend that will be up for a few years. Demand for iron ore will be strong and this company is the biggest supplier. | 2005-03-17 | |
| TOP PICK | 34.900 | Norman Levine | Just announced a 71.5% price increase. Feels there's more upside. He's taken some partial profits due to its increase. | 2005-02-23 | |
| TOP PICK | 29.350 | Norman Levine | Have the largest and highest quality iron ore in the world. Most of it gets sold to China and Europe. Also in steel and aluminum. Iron ore is in huge demand because of global increase in steel prduction. Stockholders have been getting share appreciation and good dividends. Rio is talking about a 90% increase on iron ore when the annualized price is set. | 2005-02-09 | |
| VAGUE | 56.780 | Norman Levine | This is the largest iron producer in the world. The price of iron has been very strong. Steel demand in China has been very strong which helps the market. | 2004-08-27 | |
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| PAST TOP PICK | 52.750 | Norman Levine | (Past top pick June 18/04. Up 17%.) A major player in the Chinese market, supplying iron ore. Would still buy at this price. | 2004-07-19 | |
| BUY | 46.770 | Norman Levine | A past top pick. Still likes. 80% of its earnings is from iron ore with the rest from aluminum. Price has dropped on rumors of them making and acquisition. Good time to buy. | 2004-06-29 | |
| TOP PICK | 45.950 | Norman Levine | Has the largest and lowest cost reserves of iron ore. | 2004-06-18 | |
| TOP PICK | 50.700 | Norman Levine | Have the largest and lowest cost iron ore reserves in the world. Also involved in copper and aluminum in Brazil. They sell to China. Sold out of iron ore pellets to 2006. | 2004-05-28 | |
| PAST TOP PICK | 59.440 | Norman Levine | (Past top pick December 4, up 24%) Largest reserve producer of iron ore. Exporting to China. Buying more. | 2004-02-11 | |
| BUY | 58.500 | Norman Levine | The lowest-cost producer of iron ore in the world and has the biggest supplier of reserves. Stock has done quite well. Still has higher to go. | 2004-01-21 | |
| TOP PICK | 47.610 | Norman Levine | Lowest cost producer of iron ore in the world. Also has the richest and probably largest deposit. Demand for Iron ore is going through the roof. Trades at a low multiple of 6/7X earnings and has a 4% + yield. | 2003-12-04 |
