Basic Material Stocks in Green Zone: Alcoa Inc. (NYSE:AA), Allied Nevada (NYSEMKT:ANV), North American Palladium (NYSEMKT:PAL), Vale (NYSE:VALE)

Alcoa Inc. (NYSE:AA) may no longer be a Dow Jones Industrial Average component, but it is still the first of the large stocks that the stock market tries to use as an earnings season indicator or as an economic indicator. Alcoa Inc. (NYSE:AA) stock opened today at $12.52 and is currently trading at $12.60. The stock showed a negative weekly performance of -3.11%.

Allied Nevada Gold Corp. (NYSEMKT:ANV), the operator of the Hycroft mine in Nevada, dropped in morning trading in the wake of a class-action lawsuit filed in the United States by a group of shareholders. Allied Nevada Gold Corp. (NYSEMKT:ANV) stock opened at $4.19, in current trading session and currently is at $4.19, by gaining 2.44%. The 52 week range of $3.01 – $15.74. Company’s market capitalization is 435.94 million.

Shares of North American Palladium (NYSE:PAL) have been given an average rating of “Hold” by the eight brokerages that are covering the stock, Stock Ratings News reports. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $1.13. North American Palladium Ltd (USA) (NYSEMKT:PAL) stock is currently trading at $0.410. The EPS of the stock is -0.24. Company’s market capitalization is 112.32 million.

Vale (NASDAQ:VALE) declared a special dividend on Monday, April 7th, American Banking & Market News reports. Shareholders of record on Tuesday, October 21st will be given a dividend of 0.408 per share on Friday, November 7th. This represents a yield of 4.96%. The ex-dividend date of this dividend is Friday, October 17th. Vale SA (ADR) (NYSE:VALE) stock opened the session at $15.28, and now is at $15.46. The 52 week range of the Vale SA (ADR) (NYSE:VALE) stock remained $12.29 – $18.55 and the day range was $15.25 – $15.59.

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