Vale SA and Rio Tinto Plc (ADR) (NYSE:RIO) are still not done with their dispute over the rights to the world’s biggest iron ore deposit. At this point, Rio Tinto has made it clear that the dispute will not have any negative impact on its $20 Billion Guinea Plan. It will build the mine as per the pre-decided plans. The new mine will incur a cost of $20 billion. The commitment to build the mine stays as it is as said to the West African Nation of Guinea. Rio Tinto plc (ADR) (NYSE:RIO) net profit margin is 1.20% and weekly performance is 4.47%. On last trading day company shares ended up $56.74. Analysts mean target price for the company is $62.18. Rio Tinto plc (ADR) (NYSE:RIO) distance from 50-day simple moving average (SMA50) is 4.02%.
BHP Billiton plc (ADR) (NYSE:BBL) is considering a sale of all or part of its Australian nickel business. The company could also spinoff the assets because it is considering that as an option even as it seeks buyers. Already a few names are being mentioned as interested in the purchase of Nickel West, the company’s West Australian nickel operation. Among the rumored potential buyers are X2 Resources and Glencore Xstrata. BHP Billiton plc (ADR) (NYSE:BBL) shares advanced 0.14% in last trading session and ended the day on $66.73. BBL return on assets is 17.80 %. BHP Billiton plc (ADR) (NYSE:BBL) quarterly performance is 9.14%.
RBC Capital reaffirmed their outperform rating on shares of BHP Billiton Limited (ADR) (NYSE:BHP) in a report released on Wednesday,American Banking News.com reports. RBC Capital currently has a GBX 2,100 ($35.37) price objective on the stock. BHP Billiton Limited (ADR) (NYSE:BHP) shares moved down -0.61% in last trading session and was closed at $71.53, while trading in range of $71.25 – $72.04. BHP Billiton Limited (ADR) (NYSE:BHP) year to date (YTD) performance is 6.71%.
BP plc (ADR) (NYSE:BP) was upgraded by investment analysts at RBC Capital to an “outperform” rating in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports. BP plc (ADR) (NYSE:BP) ended the last trading day at $50.90. Company weekly volatility is calculated as 0.81% and price to cash ratio as 5.67. BP plc (ADR) (NYSE:BP) showed a positive weekly performance of 0.24%.