The Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) on Mar. 10 sold $8.5 billion of bonds, cementing its position as Latin America’s biggest debt issuer. Petrobras, as the state-run oil company is known, issued debt due between three and 30 years, bringing the total amount of overseas notes issued this year to $13.6 billion. The producer accounts for 40 percent of debt sold by Latin American governments or companies this year, compared with 9 percent in 2013, according to data compiled by Bloomberg. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $11.66 moved to $12.04 on last trade day and at the end of the day closed at $11.97. Company price to sales ratio in past twelve months was calculated as 0.55 and price to cash ratio as 3.01.Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 16.55%.
North American Palladium Ltd (USA)(NYSEMKT:PAL) reported updates on its ongoing testing and evaluation efforts to keep track of reserves and resources that the company has at its command at the end of the fiscal year 2013. The report is specific to it’s newly under development mining property Lac Des Iles. The report has identified an increase in the LDI reserves that the company can boast of and has in turn increased the live span on of the mine. North American Palladium Ltd (USA) (NYSEMKT:PAL) shares advanced 20.20% in last trading session and ended the day on $0.589. PAL return on equity ratio is recorded as -19.80% and its return on assets is -9.10%. North American Palladium Ltd (USA) (NYSEMKT:PAL) yearly performance is -59.03%.
Barrick Gold Corporation (USA) (NYSE:ABX) was lacking on the positive side of things Friday whereby the stock suffered $3 cents loss on each share to end the day south at $20.95, representing 0.14 percentile drop from the previous closing price. Amazing that drop in stock price occurred just when the company had received a price target and rating hoisted by analysts at RBC Capital. The brokerage now places the stock a “outperform” list, up from “sector perform” listing in the previous sentiment. As concerns price target, RBC Capital analysts raised their previous figure by $4 to $28 from $24. The latest price target hoist represents potential upside of 41.63 percent when viewed against the prevailing price of the stock. The stock of Barrick Gold Corporation (USA) (NYSE:ABX) currently bears consensus rating of “hold” and average price target of $21.31, following comments from 25 investment analysts. Barrick Gold Corporation (USA) (NYSE:ABX) shares moved down -4.48% in last trading session and was closed at $18.53, while trading in range of $18.35-$19.20.Barrick Gold Corporation (USA) (NYSE:ABX year to date performance is 5.34%.
Vale SA (ADR) (NYSE:VALE) has moved to foil falsehood being spread about its business prospects in China. Speaking this week at a presentation event in Sao Paulo, VALE CEO Murilo Ferreira sought to clarify some facts and warn at the same time. He said that the enemy of VALE stock price is the misguided belief that China market was all over for the company. That cannot be true, the CEO said, and reminded investors of similar sentiments coming in 2004, 2005 and beyond. But eventually doomsayers got it wrong just the same way they are going to get it wrong this time around. Issues have been raised about economic slowdown in China which could hurt Vale SA (ADR) (NYSE:VALE)’s business into the country. Yet the management begs to differ on that note. The strong assertion that VALE was in fact up for big gains in China and other markets helped the share to climb modestly in the previous session.Vale SA (ADR) (NYSE:VALE) weekly performance is 4.17%. On last trading day company shares ended up $13.12. Vale SA (ADR) (NYSE:VALE) distance from 50-day simple moving average is -3.27%. Analysts mean target price for the company is $19.41.