Alcoa Inc (NYSE:AA) is initiated with a Buy rating and $15 price target at Sterne Agee, which believes each of Alcoa’s three market segments are poised to “enjoy independent secular trends.” Alcoa Inc (NYSE:AA) shares after opening at $11.92 moved to $11.95 on last trade day and at the end of the day closed at $11.84. Company price to sales ratio in past twelve months was calculated as 0.55 and price to cash ratio as 8.84. Alcoa Inc (NYSE:AA) showed a negative weekly performance of -2.63%.
Credit Suisse upgraded shares of Petrobras Energia Participaciones SA (ADR) (NYSE:PBR) to a neutral rating. Finally, Credit Suisse upgraded shares of Petroleo Brasileiro SA from an underperform rating to a neutral rating. Credit Suisse now has a $14.00 price target on that stock. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares fell -1.61% in last trading session and ended the day on $10.37. PBR return on equity ratio is recorded as 7.60% and its return on assets is 3.60%. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) yearly performance is -40.40%.
Vale SA (NYSE:VALE), the second-biggest mining company in the world, owns seven nickel mines in Canada. Vale SA (ADR) (NYSE:VALE) shares moved up 0.56% in last trading session and was closed at $12.49 while trading in range of $12.29 – $12.58 – Vale SA (ADR) (NYSE:VALE) year to date (YTD) performance is -18.10%.
Shares of Newmont Mining Corp (NYSE:NEM) were up for the second day in a row following the company’s announcement that it had sold its 5.4% equity interest inPaladin Energy. Newmont Mining Corp (NYSE:NEM) weekly performance is 7.08%. On last trading day company shares ended up $26.18. Newmont Mining Corp (NYSE:NEM) distance from 50-day simple moving average (SMA50) is 11.44%. Analysts mean target price for the company is $24.97.
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