Vale SA (ADR) (NYSE:VALE) reported its March-quarter results last week, with a 19% decline in net profit, according to aFinancial Times report which said it reported selling prices during the quarter that were lower than consensus estimates. The price of ore, with 62% iron content, delivered to China’s Tianjin port has declined by 21% in 2014 to $105.4 a tonne, according to a Bloomberg news report. But Valeexpects prices to improve in the second half of the year. Vale SA (ADR) (NYSE:VALE) shares after opening at $13.24 moved to $13.66 on last trade day and at the end of the day closed at $13.57 . Company price to sales ratio in past twelve months was calculated as 1.45 and price to cash ratio as 9.76. Vale SA (ADR) (NYSE:VALE) showed a positive weekly performance of 0.44%.
The Board of Directors of Alcoa Inc (NYSE:AA) declared (a) a quarterly common stock dividend of 3 cents per share payable May 27, 2014 to shareholders of record at the close of business on May 12, 2014 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable July 1, 2014 to shareholders of record at the close of business on June 13, 2014. Alcoa Inc (NYSE:AA) shares advanced 0.59% in last trading session and ended the day on $13.72. AA return on equity ratio is recorded as -22.00% and its return on assets is -7.10%. Alcoa Inc (NYSE:AA) yearly performance is 64.31%.
Canada-based Barrick Gold Corporation (USA) (NYSE:ABX)reported adjusted net earnings of $238-million, or $0.20 a share, compared with $923-million, or $0.92 a share in the first quarter of 2013. The first-quarter profit was just lower than the $0.19 a share that Wall Street analysts had on average expected. Barrick Gold Corporation (USA) (NYSE:ABX) shares moved up 1.69% in last trading session and was closed at $17.40 while trading in range of $17.05 – $17.48 – Barrick Gold Corporation (USA) (NYSE:ABX) year to date (YTD) performance is -1.08%.
Exxon Mobil Corporation (NYSE:XOM) expects to ship its first cargo of LNG from its Papua New Guinea project “in coming weeks”, the company said this week. An industry source said the company might have sold up to three spot cargoes from its new plant, which has a capacity of 6.9mn tonnes per year. Exxon Mobil Corporation (NYSE:XOM) weekly performance is 1.59%. On last trading day company shares ended up $102.01. Exxon Mobil Corporation (NYSE:XOM) distance from 50-day simple moving average (SMA50) is 5.26%. Analysts mean target price for the company is $100.17.
Chesapeake Energy Corporation (NYSE:CHK) , the second-largest U.S. natural gas producer, must pay $121 million to three Texas lease holders after failing to persuade an appeals court to overturn a verdict that it reneged on deals to buy mineral rights when prices plunged in 2008. Chesapeake Energy Corporation (NYSE:CHK) shares after opening at $28.42 moved to $28.72 on last trade day and at the end of the day closed at $28.28 . Company price to sales ratio in past twelve months was calculated as 1.08 and price to cash ratio as 22.51. Chesapeake Energy Corporation (NYSE:CHK) showed a negative weekly performance of -1.81%.