Basic material new highs: Alcoa Inc (NYSE:AA), Freeport-McMoRan Copper & Gold (NYSE:FCX), Agnico Eagle Mines Ltd (NYSE:AEM), Sandstorm Gold (NYSEMKT:SAND)

Alcoa Inc. (AA), the struggling U.S. aluminum producer that’s shifting its focus to manufacturing auto and aerospace components, reported better-than-expected profit on the strength of its traditional aluminum smelting business. Alcoa Inc (NYSE:AA) net profit margin is -11.50% and weekly performance is 6.01%. On last trading day company shares ended up $15.69. Analysts mean target price for the company is $13.68. Alcoa Inc (NYSE:AA) distance from 50-day simple moving average is 12.28%.

Freeport-McMoRan Copper & Gold (NYSE:FCX)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares advanced 0.77% in last trading session and ended the day on $39.04. FCX Gross Margin is 28.30% and its return on assets is 4.00%. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) quarterly performance is 17.24%.

Agnico Eagle Mines (NYSE:AEM) had its price objective raised by Morgan Stanley from $39.00 to $41.00 in a research report released on Tuesday morning. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) shares moved up 3.72% in last trading session and was closed at $40.39, while trading in range of $39.02-$40.53. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) year to date performance is 53.87%.

Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT:SAND, TSX:SSL) is pleased to announce the appointment of Mary L. Little to the Company’s Board of Directors. Ms. Little is a director and founder of Mirasol Resources Ltd. (“Mirasol”), a precious metals company focused on exploration in Latin America. Sandstorm Gold Ltd. (NYSEMKT:SAND) ended the last trading day at $7.54. Company weekly volatility is calculated as 5.05%. Sandstorm Gold Ltd. (NYSEMKT:SAND) showed a positive weekly performance of 10.72%.