Investment analysts at UBS AG initiated coverage on shares of Turquoise Hill Resources Ltd (NYSE:TRQ) in a note issued to investors on Friday, Stock Ratings Network reports. The firm set a “buy” rating on the stock. Turquoise Hill Resources Ltd (NYSE:TRQ) stock opened at $3.50 in last session, and closed at $3.43, while the day range of TRQ stock is $3.41 – $3.59. The stock showed a negative weekly performance of -17.15%.
A handful of coal companies operating in Kentucky have faced fines exceeding a half-million dollars in recent years for water pollution violations, including a USD 575,000 fine in 2012 against International Coal Group, a subsidiary of St. Louis-based Arch Coal Inc (NYSE:ACI). Arch Coal Inc (NYSE:ACI) stock opened at $4.21, in last session and closed at $4.13, by gaining 0.24%. The 52 week range of ACI is $3.47 – $6.03. Company’s market capitalization is $882.96million.
The consent decree was filed two days after the announcement that another coal operator, Alpha Natural Resources Inc. (NYSE:ANR), agreed to pay $27.5 million for water pollution violations in five Appalachian states, including Kentucky. Alpha Natural Resources, Inc. (NYSE:ANR) stock decreased -1.13% and finished the last session at $4.38. The EPS of the stock remained -5.04. Company’s market capitalization is $967.98million.
Vale SA (ADR) (NYSE:VALE), the world’s largest iron-ore producer, declined 1.3 percent to 26.11 reais. The MSCI Brazil/Materials index retreated 0.9 percent. Vale SA (ADR) (NYSE:VALE) stock opened the session at $13.02, and closed the session at $12.42. The 52 week range of the VALE stock remained $12.36 – $18.55 and the day range was $12.36 – $13.04.