Basic Material Gainers: Rentech (NASDAQ:RTK), Thompson Creek Metals Company (NYSE:TC), Aluminum Corp. of China (NYSE:ACH), Yanzhou Coal Mining (NYSE:YZC)

Posted by on Apr 11, 2014

Rentech, Inc. (NASDAQ:RTK) may eventually spin off its fibre processing business as a master limited partnership. However, that will require that the company first raises the status of the business to meet IPO requirements; it is doing that already. The Rentech, Inc. (NASDAQ:RTK) has long-standing plans for its wood fibre processing business. It discussed many of its plans during the most recent earnings conference call. Among other things, the company stated that it was seeking additional funding to improve its wood fibre processing operations. Rentech, Inc. (NASDAQ:RTK) shares after opening at $2.08 moved to $2.15 on last trade day and at the end of the day closed at $2.05. Company price to sales ratio in past twelve months was calculated as 1.24 and price to cash ratio as 4.38. Rentech, Inc. (NASDAQ:RTK) showed a positive weekly performance of 6.22%.

TheStreet Ratings team rates Thompson Creek Metals Company Inc (USA) (NYSE:TC) as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:We rate THOMPSON CREEK METALS CO INC (TC) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.Thompson Creek Metals Company Inc (USA) (NYSE:TC) shares advanced 6.53% in last trading session and ended the day on $2.61. TC return on equity ratio is recorded as -16.70% and its return on assets is -6.40%. Thompson Creek Metals Company Inc (USA) (NYSE:TC) yearly performance is -8.74%.

Aluminum Corp. of China Limited (ADR) (NYSE:ACH) announces that the Company’s annual report for the 2013 fiscal year filed with the SEC on April 1, 2014.  Aluminum Corp. of China Limited (ADR) (NYSE:ACH) shares moved up 9.54% in last trading session and was closed at $10.22, while trading in range of $10.11-$10.31. Aluminum Corp. of China Limited (ADR) (NYSE:ACH) year to date performance is 17.47%.

Fitch Ratings has downgraded China-based Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-‘. The Outlook is Stable. Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) weekly performance is 11.14%. On last trading day company shares ended up $8.38. Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) distance from 50-day simple moving average is 13.90%. Analysts mean target price for the company is $5.16.

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