Basic Material Most Active: Newmont Mining (NYSE:NEM), Petroleo Brasileiro Petrobras SA (NYSE:PBR), Alcoa Inc (NYSE:AA), Vale SA (ADR) (NYSE:VALE)

Newmont Mining Corp (NYSE:NEM)’s share price shot up 4.7% on Friday following insider buying activity, AnalystRatingsNetworkreports. The company traded as high as $24.01 and last traded at $24.01, with a volume of 7,095,213 shares traded. Newmont Mining Corp (NYSE:NEM) shares after opening at $23.01 moved to $24.13 on last trade day and at the end of the day closed at $ 23.92. Company price to sales ratio in past twelve months was calculated as 1.44 and price to cash ratio as 7.34. Newmont Mining Corp (NYSE:NEM) showed a negative weekly performance of -2.57%.

Shares for Brazil’s state-run oil and gas giant Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) gapped up slightly at Thursday’s open and moved higher throughout the early half of the trading session after the company released its earnings statement for the fourth quarter and full-year 2013.Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares advanced 2.01% in last trading session and ended the day on $13.18. 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 -20.46%.

Alcoa Inc (NYSE:AA) announced it will curtail 147,000 metric tons of smelting capacity at its São Luís and Poços de Caldas smelters in Brazil due to challenging global market conditions in primary aluminum and increased costs that have made the smelters uncompetitive. Alcoa Inc (NYSE:AA) shares moved down -0.87% in last trading session and was closed at $12.48 while trading in range of $12.40 – $12.75 – Alcoa Inc (NYSE:AA) year to date (YTD) performance is 17.74%.

Vale S.A. (ADR) (NYSE:VALE) informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the first installment of the minimum dividend of US$ 2.1 billion, as publicly announced on January 30, 2014, equal to US$ 0.407499945 per common or preferred share in circulation, as of February 28, 2014 (5,153,374,926). Vale SA (ADR) (NYSE:VALE) weekly performance is 4.9%. On last trading day company shares ended up $13.68. Vale SA (ADR) (NYSE:VALE) distance from 50-day simple moving average (SMA50) is 0.56%. Analysts mean target price for the company is $19.41

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