IAMGOLD Corp (USA) (NYSE:IAG), was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 43,013,791 shares, an increase of 8.0% from the April 30th total of 39,815,103 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 9,680,148 shares, the short-interest ratio is currently 4.4 days. Approximately 31.9% of the shares of the company are short sold. IAMGOLD Corp (USA) (NYSE:IAG), net profit margin is -74.90% and weekly performance is -8.25%. On last trading day company shares ended up $3.41. Analysts mean target price for the company is $4.35. IAMGOLD Corp (USA) (NYSE:IAG), distance from 50-day simple moving average (SMA50) is -0.46%.
On May 31, 2014, Vale SA (ADR) (NYSE:VALE), the largest mining corporation will now be able to restart its nickel mining activities. The New Caledonian authorities have granted the permission to Vale on Friday. Vale SA (ADR) (NYSE:VALE), fell 1.25% in last trading session and ended the day on $12.68. VALE, Gross Margin is 48.20% and its return on assets is 1.80%. Vale SA (ADR) (NYSE:VALE), quarterly performance is -7.04%.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)’s shares decreased 1.77% to $13.85. The company on May 9 reported a first-quarter profit of 5.39 billion reais ($2.43 billion). The company, best known as Petrobras, also posted net sales, or sales minus sales taxes, of 81.5 billion reais in the quarter. Earnings before interest, taxes, depreciation and amortization, or EBITDA, totaled 14.3 billion reais. The company reported net income of 5.39 billion reais ($2.43 billion) in the quarter, compared with 7.69 billion reais a year earlier. The result was in line with the 5.24-billion-reais average estimate of 11 analysts. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), shares moved up 1.01% in last trading session and was closed at $13.99, while trading in range of $13.73 – 14.11. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), year to date (YTD) performance is 4.95%.
Alcoa Inc (NYSE:AA), was upgraded to “Neutral” from “Underperform” at BofA/Merrill Lynch based on a valuation call and AA’s price target of $14. BofA/Merrill Lynch’s price target suggests that AA’s stock price will rise by 2.9%. AA has a yield of 0.88%. Alcoa Inc (NYSE:AA), ended the last trading day at $13.65. Company weekly volatility is calculated as 1.73% and price to cash ratio as 24.06. Alcoa Inc (NYSE:AA), showed a positive weekly performance of 1.26%.
Exxon Mobil Corporation (NYSE:XOM), promoted two longtime executives to the positions of senior vice presidents of the corporation. Exxon Mobil Corporation (NYSE:XOM), net profit margin is 9.90% and weekly performance is -0.96%. On last trading day company shares ended up $100.39. Analysts mean target price for the company is $100.67. Exxon Mobil Corporation (NYSE:XOM), distance from 50-day simple moving average (SMA50) is 1.14%.
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