Tag: AngloGold Ashanti Limited

  • Bears on Mining Stocks: Rio Tinto (NYSE:RIO), BHP Billiton (NYSE:BBL), AngloGold Ashanti Limited (NYSE:AU), BHP Billiton Limited (NYSE:BHP), Vale SA (NYSE:VALE)

    Rio Tinto plc (ADR) (NYSE:RIO) chairman Jan du Plessis said Professor L’Estrange brought a wealth of expertise in foreign policy, international relations and trade to the board. Rio Tinto plc (ADR) (NYSE:RIO) net profit margin is 1.20% and weekly performance is -0.69%. On last trading day company shares ended up $53.01. Analysts mean target price for the company is $61.75. Rio Tinto plc (ADR) (NYSE:RIO) distance from 50-day simple moving average (SMA50) is -3.27%.

    BHP Billiton plc (ADR) (NYSE:BBL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday. The firm currently has a $64.90 price objective on the stock. Zacks‘s price objective indicates a potential upside of 1.50% from the company’s current price. BHP Billiton plc (ADR) (NYSE:BBL) shares fell -2.16% in last trading session and ended the day on $63.98. Its return on assets is 17.80%. BHP Billiton plc (ADR) (NYSE:BBL) quarterly performance is 2.43%.

    Yesterday’s traded put/call ratio for AngloGold Ashanti was 0.18. A total of 23,848 call and 4,391 put contracts were traded raising a low put/call ratio alert on shares of AngloGold Ashanti Limited (ADR) (NYSE:AU). Overall call volume was running 5.4x the put volume. The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Unusual volume activity confirms that traders are re-balancing their portfolios. AngloGold Ashanti Limited (ADR) (NYSE:AU) shares moved down -2.09% in last trading session and was closed at $15.46, while trading in range of $15.33 – $15.71. AngloGold Ashanti Limited (ADR) (NYSE:AU) year to date (YTD) performance is 31.91%.

    On May 23, BHP Billiton Limited (ADR) (NYSE:BHP) was downgraded by equities researchers at Liberum Capital from a “buy” rating to a “hold” rating in a research report issued on Wednesday. BHP Billiton Limited (ADR) (NYSE:BHP) ended the last trading day at $69.15. Company weekly volatility is calculated as 0.64% and price to cash ratio as 16.33. BHP Billiton Limited (ADR) (NYSE:BHP) showed a positive weekly performance of 1.01%.

    On May 27, The stock of Vale SA (ADR) (NYSE:VALE) was reassigned a “hold” rating by the equities research analysts at Zacks who recently updated their research report for the stock. Vale SA reported weaker 1Q14 results with 33.9% year over year drop in their earnings per ADR and 10.7% decrease in 1Q14 revenues. The company reported earnings of $0.4 per ADR on revenues of $9.5 billion and the decrease was attributed to lower prices for most of its commodities. Vale SA (ADR) (NYSE:VALE) net profit margin is 4.90% and weekly performance is -0.23%. On last trading day company shares ended up $13.06. Analysts mean target price for the company is $18.21. Vale SA (ADR) (NYSE:VALE) distance from 50-day simple moving average (SMA50) is -3.33%.