Tesla Motors Inc. (NASDAQ:TSLA) plans to build one of the world’s largest factories of any kind in the U.S. But it wouldn’t build its electric cars there—it would make the batteries to power them. The plant, slated for completion by 2020 at a cost of as much as $5 billion, would be able to turn out more lithium-ion batteries than all the battery factories in the world today. Tesla plans to break ground in June, though the site is still uncertain, and expects to start producing batteries at the plant by 2017. It says the scale will help drive the cost of batteries down, in turn helping to make a mass-market, all-electric car possible. Tesla Motors Inc. (NASDAQ:TSLA) net profit margin is -6.50% and weekly performance is 5.10%. On last trading day company shares ended up $191.56. Analysts mean target price for the company is $224.83. Tesla Motors Inc. (NASDAQ:TSLA) distance from 50-day simple moving average (SMA50) is -10.24%.
As part of its continued portfolio optimization actions, gold miner Newmont Mining Corp (NYSE:NEM) has cut a deal to divest its Jundee underground gold mine in Australia to Northern Star Resources for roughly $91 million, consisting of around $77 million of cash and $14 million for working capital. Newmont Mining Corp (NYSE:NEM) shares fell -1.24% in last trading session and ended the day on $23.99. NEM gross Margin is 33.90% and its return on assets is -10.40%.Newmont Mining Corp (NYSE:NEM) quarterly performance is 1.31%.
Kinross Gold (NYSE:KGC) shares have been under pressure since March because a sizable part of the company’s business is done in Russia. In this situation, the company’s first quarter report was left almost unnoticed, partly because Kinross Gold met analysts’ expectations. However, the company made good progress on the cost front and could be well positioned for upside when Russia-related fears subside. Kinross Gold Corporation (USA) (NYSE:KGC) shares moved down -1.01% in last trading session and was closed at $3.93, while trading in range of $3.92 – $3.98. Kinross Gold Corporation (USA) (NYSE:KGC) year to date (YTD) performance is -10.27%.
AngloGold Ashanti Limited (ADR) (NYSE:AU) upgraded to Neutral from Sell at UBS. AngloGold Ashanti Limited (ADR) (NYSE:AU) ended the last trading day at $16.89. Company weekly volatility is calculated as 2.02% and price to cash ratio as 10.56.AngloGold Ashanti Limited (ADR) (NYSE:AU) showed a negative weekly performance of -2.37%.
Analysts at Dundee Securities boosted their price objective on shares of Osisko Mining Corp. (OTCMKTS:OSKFF) to C$8.00 in a research report issued to clients and investors on 16 may, Analyst Ratings Net reports. The firm currently has a “neutral” rating on the stock. OSISKO MINING CORP (OTCMKTS:OSKFF) shares advanced 0.23% in last trading session and ended the day on $7.39.