Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC), China’s third biggest coal producer, said its Australian subsidiary posted a 4.56 billion yuan (A$832 million) loss in 2013, in stark contrast to a A$375 million profit in the year before. Against the odds Yancoal Australia is stepping up expansion in the country, awaiting regulatory approval for a A$120 million project. Analysts say coal prices are experiencing a structural downward trend in China so ongoing costly operations in Australia heavily weighs on Yanzhou Coal, which posted a 589 million yuan loss for Q1-Q3 2013. It forecast net profit to slide 90% in 2013 from 5.52 billion yuan in 2012. Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) stock opened at $7.20 in last session, and closed at $7.04, while the day range of YZC stock is $7.04-$7.53. The stock showed a negative weekly performance of -7.25%.
China Gengsheng Minerals Inc. (NYSEMKT:CHGS) shares are up a whopping 60%. And, odds are good you’re struggling to find a reason why CHGS are running so hard. Here’s some advice – discontinue the hunt. You’re not going to find a reason for all this bullishness in the headlines. Yet, there’s a reason. It’s just a bigger, almost too big to spot kind of reason. Either way, would-be traders can take the hint at face value. China Gengsheng Minerals Inc (NYSEMKT:CHGS) stock opened at $0.46, in last session and closed at $0.480, by gained 1.07%.The 52 week range was $0.07-$0.78.Company’s market capitalization is $12.87 million.
Dominion Diamond Corp (NYSE:DDC) is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.4. Additionally, Dominion Diamond currently has a Zacks Rank #5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock. Dominion Diamond Corp (NYSE:DDC) stock loosed -0.77% and finished the last session at $14.24.The EPS of the stock remained -0.05.Company’s market capitalization is $1.21 billion.
Renault SA (EPA:RNO) stock had its “buy” rating reaffirmed by Societe Generale in a research note issued on Friday. They currently have a $59.74 (€46) price target on the stock. Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a “reduce” rating on shares of Renault SA in a research note to investors on Thursday. They now have a EUR46.54 price target on the stock. Renault SA (EPA:RNO) stock opened the session at EUR73.29, and closed the session at EUR72.21.The 52 week range of the RNO stock remained EUR44.81-EUR74.62 and the day range was EUR72.00-EUR73.44.