Vale SA (ADR) (NYSE:VALE) has announced that for the fiscal year ended 2013 it has filed Form 20-F report with the SEC of the US.The form 20-F is issued by Securities and Exchange commission it is mandatory for Foreign Private Issuers if they have listed their shares on stock exchanges of United States.Vale SA (ADR) (NYSE:VALE) shares after opening at $13.73 moved to $13.86 on last trade day and at the end of the day closed at $13.68. Company price to sales ratio in past twelve months was calculated as 7.10 and price to cash ratio as 3.40.Vale SA (ADR)(NYSE:VALE)showed a positive weekly performance of 4.91%.
The United States Supreme Court recently declined to review of the EPA or Environmental Protection Agency had exceeded its powers when it had retroactively withdrawn parts of the permit for a very large mountaintop coal-mine, which was a victory for President Obama’s administration as well as the environmental groups. The announcement of the high court in a 1-line order, is essentially a setback for coal Arch Coal Inc (NYSE:ACI), the coal producer which had been seeking to restore the Clean Water Act permit that the company had obtained in 2007 from the United States Army Corps of Engineers for the Spruce No. 1 Mine situated in West Virginia. Arch Coal Inc (NYSE:ACI) shares advanced 1.26% in last trading session and ended the day on $4.81.ACI return on equity ratio is recorded as -24.90% and its return on assets is -6.70%. Arch Coal Inc (NYSE:ACI) yearly performance is 5.71%.
Alpha Natural Resources, Inc. (NYSE:ANR)’s shares gained 2.49% to $4.33. Alpha Natural’s shares was downgraded to Hold from Buy at Jefferies on Mar. 25. Jefferies downgraded Alpha Natural as the firm thinks that coal producers could be hurt by lower natural gas prices, while global met coal prices are unlikely to increase dramatically. Target $4.50. Alpha Natural Resources, Inc. (NYSE:ANR) shares moved up 0.95% in last trading session and was closed at $4.26 while trading in range of $4.22 – 4.37. Alpha Natural Resources, Inc. (NYSE:ANR) year to date (YTD) performance is -40.34%.
Coal companies traded lower as a result of the Bank of America downgrade. Shares of Walter Energy, Inc. (NYSE:WLT) tumbled about 20 percent lower as a result but other coal stocks like Peabody Energy Corp. (BTU) and Alpha Natural Resource (ANR) were among those to trade lower as well. The downgrade comes on heels of a Goldman Sachs downgrade earlier this month, further indicating that the coal industry is suffering one of the bleakest periods in recent memory. Walter Energy, Inc. (NYSE:WLT) weekly performance is 0.79%. On last trading day company shares ended up $7.65.Walter Energy, Inc.(NYSE:WLT) distance from 50-day simple moving average (SMA50) is -26.98%. Analysts mean target price for the company is $13.54.