Alcoa Inc. (NYSE: AA) is no longer a Dow Jones Industrial Average component, but it is still the first of the large earnings reports. Prior to Tuesday, the aluminum giant’s shares were down about 5% or so from its high of the year. The flip-side is that Alcoa shares were still up by more than 17% since the end of 2013. Alcoa Inc (NYSE:AA), shares after opening at $13.00 moved to $13.04 on last trade day and at the end of the day closed at $12.70. Company price to sales ratio in past twelve months was calculated as 0.59 and price to cash ratio as 9.53. Alcoa Inc (NYSE:AA), showed a negative weekly performance of 0.31%.
The state-sponsored committee in Guinea has recommended withdrawing the mining rights of BSG Resources Ltd. and Vale SA (ADR) (NYSE:VALE) . The duos have got the rights of Simandou iron-ore project. The investigation was in process from last 18 months. The government committee said that the companies didn’t use the fair means to get the rights of Simandou iron-ore project. The deal is under scrutiny in the US too. They doubt that the deal has violated the Foreign Corrupt Practices Act. Vale SA (ADR) (NYSE:VALE), shares fell 1.20% in last trading session and ended the day on $14.81. Vale SA (ADR) (NYSE:VALE), return on equity ratio is recorded as 7.10% and its return on assets is 3.40%. Vale SA (ADR) (NYSE:VALE), yearly performance is -10.02%.
North American Palladium Ltd (USA) (NYSEMKT:PAL) saw a big move last session, as the company’s shares fell by over 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for PAL, as the stock is now down nearly 41% since Mar 24. North American Palladium Ltd (USA) (NYSEMKT:PAL), shares moved down 8.96% in last trading session and was closed at $0.314, while trading in range of $0.31 – $0.36. North American Palladium Ltd (USA) (NYSEMKT:PAL), year to date (YTD) performance is -51.68%.
Alpha Natural Resources Inc. (NYSE:ANR) had a sharp fall this week as Goldman Sachs Group Inc. had cut Alpha’s rating to sell. The reason to cut the rating is the expectation of further lower prices for the commodity. Goldman changed the rating to sell from its previous rating of hold on Alpha. The initial price target of $6 is cut down to the price target of $4. At the same time Goldman has maintained hold rating on Walter Energy Inc. but has changed the price target to $10 from $12. Alpha Natural Resources, Inc. (NYSE:ANR), weekly performance is 0.46%. On last trading day company shares ended up $4.41. Alpha Natural Resources, Inc. (NYSE:ANR), distance from 50-day simple moving average (SMA50) is -9.82%. Analysts mean target Price for the company is $6.19.