Basic Material Active Movers: Exxon Mobil Corporation (NYSE:XOM), Goldcorp Inc. (USA) (NYSE:GG), Kinross Gold Corporation (USA) (NYSE:KGC), Valero Energy Corporation (NYSE:VLO), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX)
Exxon Mobil Corp. and BP Plc began removing employees in Iraq as militants continued a push toward Baghdad and a battle raged for control of the nation’s largest oil refinery. Exxon Mobil Corporation (NYSE:XOM) net profit margin is 9.90% and weekly performance is 0.77%. On last trading day company shares ended up $102.73. Analysts mean target price for the company is $101.21. Exxon Mobil Corporation (NYSE:XOM) distance from 50-day simple moving average (SMA50) is 2.20%.
Goldcorp Inc. (USA) (NYSE:GG) will release second quarter results prior to market open on Thursday, July 31, 2014. A conference call will be held Thursday, July 31, 2014, at 10:00 a.m. (PDT) to discuss the results. Goldcorp Inc. (USA) (NYSE:GG) shares advanced 4.15% in last trading session and ended the day on $26.10. GG Gross Margin is 26.10% and its return on assets is -8.70%. Goldcorp Inc. (USA) (NYSE:GG) quarterly performance is -1.62%.
Kinross Gold (NYSE:KGC)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Tuesday. They currently have a $4.25 price objective on the stock. Zacks‘s price target indicates a potential upside of 7.32% from the stock’s previous close. Kinross Gold Corporation (USA) (NYSE:KGC) shares moved up 1.95% in last trading session and was closed at $4.18, while trading in range of $4.08 – $4.18. Kinross Gold Corporation (USA) (NYSE:KGC) year to date (YTD) performance is -4.57%.
On June 17, 2014 Valero Energy Partners LP announced that it has approved the acquisition from certain subsidiaries of Valero Energy Corporation (NYSE:VLO)of the McKee Crude System, Three Rivers Crude System, and Wynnewood Products System for total consideration of $154 million. The drop-down transaction is expected to close on July 1, 2014 and to be funded with the Partnership’s cash on hand. Valero Energy Corporation (NYSE:VLO) ended the last trading day at $55.64. Company weekly volatility is calculated as 2.00% and price to cash ratio as 8.14. Valero Energy Corporation (NYSE:VLO) showed a positive weekly performance of 4.61%.
On June 17, Indonesia and U.S. miner Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX)have agreed on the basic framework for contract renegotiations for the world’s fifth-largest copper mine, a further step in efforts to resume copper exports. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares moved up 2.17% in last trading session and was closed at $34.79, while trading in range of $33.90 – $34.84. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) year to date (YTD) performance is -6.13%.