Weekly 3-Year Low Highlights: APA, AU, TRQ, CLF

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Feb 19, 2013
According to GuruFocus' list of three-year lows: Apache Corporation, Anglogold Ashanti, Turquoise Hill Resources Ltd. and Cliffs Natural Resources Inc. have all fallen to their three-year lows.

Apache Corporation (APA, Financial) Reached the Three-Year Low of $76.75



The prices of Apache Corporation (APA) shares have declined to close to the three-year low of $76.75, which is 45.5% off the three-year high of $134.130.

Apache Corporation is a Delaware corporation, which was formed in 1954. Apache Corporation has a market cap of $30.07 billion; its shares were traded at around $76.75 with a P/E ratio of 12.3305 and P/S ratio of 1.7759. The dividend yield of Apache Corporation stocks is 0.88%. Apache Corporation had an annual average earnings growth of 15.9% over the past 10 years.

Apache Corporation reported fourth quarter 2012 earnings of $649 million ($1.64 per diluted share), compared to $1.17 billion ($2.98 per share) in the prior year quarter. Full year 2012 oil production was 779,000 per day, up 5.4% from the same quarter last year.

1 Guru Initiated Positions: Brian Rogers bought 2,600,000 shares in the quarter that ended on 12/31/2012, which is 0.88% of the $23.19 billion portfolio of T Rowe Price Equity Income Fund.

2 Gurus Increased Positions: David Williams owns 500,000 shares as of 12/31/2011, an increase of 18.35% from the previous quarter. This position accounts for 1% of the $4.48 billion portfolio of Columbia Value and Restructuring Fund. Mario Gabelli owns 7,200 shares as of 12/31/2012, an increase of 14.29% from the previous quarter. This position accounts for 0.0042% of the $13.61 billion portfolio of GAMCO Investors.

2 Gurus Reduced Positions: David Dreman owns 45,273 shares as of 12/31/2012, a decrease of 78.57% of from the previous quarter. This position accounts for 0.1% of the $3.49 billion portfolio of Dreman Value Management. Ray Dalio sold out his holdings in the quarter that ended on 12/31/2012.

AngloGold Ashanti Limited (AU, Financial) Reached the Three-Year Low of $27.02

The prices of AngloGold Ashanti Limited (AU) shares have declined to close to the three-year low of $27.02, which is 49.1% off the three-year high of $52.86.

AngloGold Ashanti Limited was incorporated in the Republic of South Africa in 1944 under the name of Vaal Reefs Exploration and Mining Company Limited. AngloGold Ashanti Limited has a market cap of $10.36 billion; its shares were traded at around $27.02 with a P/E ratio of 9.9502 and P/S ratio of 1.6628. The dividend yield of AngloGold Ashanti Limited stocks is 1.95%.

For its third quarter ended September 30, 2012, AngloGold Ashanti Limited reported gold production of 1.03 Moz, on lower than anticipated production in South Africa and Obusai. Adjusted earnings were $235 million ($0.61 per share).

1 Guru Initiated Positions: John Burbank bought 1,404,156 shares in the quarter that ended on 12/31/2012, which is 1.7% of the $2.59 billion portfolio of Passport Capital.

2 Gurus Increased Positions: John Hussman owns 1,200,000 shares as of 12/31/2012, an increase of 380% from the previous quarter. This position accounts for 0.99% of the $3.8 billion portfolio of Hussman Economtrics Advisors. Jean-Marie Eveillard owns 5,204,615 shares as of 12/31/2012, an increase of 13.21% from the previous quarter. This position accounts for 0.58% of the $28.07 billion portfolio of First Eagle Investment Management LLC.

Turquoise Hill Resources Ltd. (TRQ, Financial) Reached the Three-Year Low of $7.26

The prices of Turquoise Hill Resources Ltd (TRQ) shares have declined to close to the three-year low of $7.26, which is 76.4% off the three-year high of $30.03.

Turquoise Hill Resources was formerly known as Ivanhoe Mines Ltd. Turquoise Hill Resources Ltd. has a market cap of $7.3 billion; its shares were traded at around $7.26 with and P/S ratio of 37.594. Turquoise Hill Resources Ltd. had an annual average earnings growth of 23.7% over the past 10 years.

Turquoise Hill Resources reported third quarter 2012 net income of $114.3 million ($0.12 per share), compared to $7.3 million ($0.01 per share) in the prior year quarter.

Cliffs Natural Resources Inc. (CLF, Financial) Reached the Three-Year Low of $28.9

The prices of Cliffs Natural Resources Inc. (CLF) shares have declined to close to the three-year low of $28.9, which is 72.6% off the three-year high of $102.480.

Cliffs Natural Resources Inc. is owned by eight Gurus we are tracking. Among them, four have added to their positions during the past quarter. Seven reduced their positions. Cliffs Natural Resources Inc. was founded in 1847, is a producer of iron ore pellets in North America. Cliffs Natural Resources Inc. has a market cap of $4.11 billion; its shares were traded at around $28.9 with a P/E ratio of 4.8 and P/S ratio of 0.6993. The dividend yield of Cliffs Natural Resources Inc. stocks is 7.47%. Cliffs Natural Resources Inc. had an annual average earnings growth of 31.9% over the past 10 years.

Cliffs Natural Resources Inc. reported fourth quarter 2012 consolidated sales margin decrease of 50% to $239 million from prior year quarter. Fourth quarter net loss was $1.6 billion ($11.36 per diluted share), compared to net income of $185 million ($1.30 per share) in the same quarter last year. In this quarter, Cliffs Natural Resources Inc. recorded non-cash impairment charges of $1.3 billion due to acquisitions.

1 Guru Increased Positions: John Burbank owns 613,500 shares as of 12/31/2012, an increase of 448.26% from the previous quarter. This position accounts for 0.91% of the $2.59 billion portfolio of Passport Capital.

3 Gurus Reduced Positions: Brian Rogers owns 2,162,900 shares as of 12/31/2012, a decrease of 21.35% of from the previous quarter. This position accounts for 0.36% of the $23.19 billion portfolio of T Rowe Price Equity Income Fund. Ray Dalio sold out his holdings in the quarter that ended on 12/31/2012. Scott Black sold out his holdings in the quarter that ended on 12/31/2012.

Go here for the complete list of three-year lows.