Alcoa Inc. (NYSE: AA) is no longer a Dow Jones Industrial Average component, but it is still the first of the large earnings reports. Prior to Tuesday, the aluminum giant’s shares were down about 5% or so from its high of the year. The flip-side is that Alcoa shares were still up by more than 17% since the end of 2013.Alcoa Inc (NYSE:AA) shares after opening at $12.53 moved to $12.61 on last trade day and at the end of the day closed at $12.54.Company price to sales ratio in past twelve months was calculated as 0.59 and price to cash ratio as 9.41. Alcoa Inc (NYSE:AA) showed a negative weekly performance of -0.71%.
The state-sponsored committee in Guinea has recommended withdrawing the mining rights of BSG Resources Ltd. and Vale SA(ADR) (NYSE:VALE) . The duos have got the rights of Simandou iron-ore project. The investigation was in process from last 18 months. The government committee said that the companies didn’t use the fair means to get the rights of Simandou iron-ore project. The deal is under scrutiny in the US too. They doubt that the deal has violated the Foreign Corrupt Practices Act. Vale SA (ADR) (NYSE:VALE) shares fell -0.34% in last trading session and ended the day on $14.76. VALE return on equity ratio is recorded as 7.10% and its return on assets is 3.40%. Vale SA (ADR) (NYSE:VALE) yearly performance is -10.87%.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) has announced that its oil well, 7-SPH-04-SPS, located Sapinhoa field, is up and running and should be able to produce up to 26,000 barrels of oil per day. The Oil well has water depths of approximately 2,120 meters and is the third oil generating oil for the Sapinhoa pilot development. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares moved up 2.41% in last trading session and was closed at $14.03, while trading in range of $13.47-$14.09.Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) year to date performance is 5.25%.
U.S. oil and gas major Exxon Mobil Corporation (NYSE:XOM) has announced that its much delayed and much anticipated Papua New Guinea (PNG) liquefied natural gas (LNG) project would be ready for supporting export related demand of LNG from the middle of 2014. Exxon Mobil Corporation (NYSE:XOM) weekly performance is -0.66%. On last trading day company shares ended up $96.72. Exxon Mobil Corporation (NYSE:XOM) distance from 50-day simple moving average is 2.43%. Analysts mean target price for the company is $99.47.
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