Basic Material Top Gainers: McEwen Mining (NYSE:MUX), Newfield Exploration (NYSE:NFX), Mechel OAO (NYSE:MTL), Pacific Ethanol (NASDAQ:PEIX)

Stock analysts at Cowen and Company hoisted their price target on shares of McEwen Mining (NYSE:MUX) from $4.23 to $4.57 in a report issued on Friday, American Banking and Market News reports. Cowen and Company’s target price would suggest a potential upside of 71.16% from the stock’s previous close. McEwen Mining Inc (NYSE:MUX) shares after opening at $2.75 moved to $2.95 on last trade day and at the end of the day closed at $2.88. Company price to sales ratio in past twelve months was calculated as 17.98 and price to cash ratio as 27.52. McEwen Mining Inc (NYSE:MUX) showed a negative weekly performance of -19.10%.

TheStreet upgraded shares of Newfield Exploration (NYSE:NFX) from a sell rating to a hold rating in a report issued on Monday,Stock Ratings News reports. Newfield Exploration Co. (NYSE:NFX) shares advanced 5.99% in last trading session and ended the day on $30.08. NFX return on equity ratio is recorded as 4.40% and its return on assets is 1.50%. Newfield Exploration Co. (NYSE:NFX) yearly performance is 31.01%.

Mechel OAO (ADR) (NYSE:MTL) announced that their project company called Elgaugol OOO has now signed some agreements with Vnesheconombank for the 2nd and 3rd credit-lines of project financing for the development of the 1st phase of the ­Coal Complex. The market has reacted very positively to this news and Mechel OAO (ADR) (NYSE:MTL)’s stock price got a boost. Mechel OAO (ADR) (NYSE:MTL) shares moved up 8.51% in last trading session and was closed at $2.04 while trading in range of $1.86 – $2.15 – Mechel OAO (ADR) (NYSE:MTL) year to date (YTD) performance is -20.31%.

Sidoti upgraded shares of Pacific Ethanol (NASDAQ:PEIX) from a neutral rating to a buy rating in a research note released on Thursday morning, TheFlyOnTheWall.com reports. Pacific Ethanol Inc (NASDAQ:PEIX) weekly performance is 27.15%. On last trading day company shares ended up $17.56. Pacific Ethanol Inc (NASDAQ:PEIX) distance from 50-day simple moving average (SMA50) is 81.40%. Analysts mean target price for the company is $0.96.