On 9 JUNE Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) said it had teamed up with other Oil and Gas suppliers in Brazil and met the Brazilian FM and tried to conjecture the artificial ceiling imposed upon the companies would hamper their growth, prospects, plans and credibility. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) net profit margin is 6.80% and weekly performance is 7.52%. On last trading day company shares ended up $15.87. Analysts mean target price for the company is $18.74. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) distance from 50-day simple moving average (SMA50) is 10.20%.
On 6 JUNE Yongye International, Inc (NASDAQ:YONG) announced that, the Company’s stockholders voted in favor of the proposal to approve the agreement and plan of merger, dated as of September 23, 2013, as amended on April 9, 2014 (as so amended, the “Amended Merger Agreement”), among the Company, Full Alliance International Limited, a British Virgin Islands company (“Holdco”), Yongye International Limited (“Parent”), a Cayman Islands exempted company with limited liability wholly-owned by Holdco, and Yongye International Merger Sub Limited, a Nevada corporation wholly-owned by Parent (“Merger Sub”), providing for the merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly-owned subsidiary of Parent. Yongye International, Inc (NASDAQ:YONG) shares fell -1.55% in last trading session and ended the day on $6.97. YONG Gross Margin is 61.20% and its return on assets is 18.70%. Yongye International, Inc (NASDAQ:YONG) quarterly performance is 23.58%.
On 5 JUNE Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) announced that it plans to takeover Apache Corporation’s business in the location of Gulf of Mexico. The deal includes that Freeport-McMoran will take charge of 11 leases of exploration, 2 development projects (Lucius and Heidelberg). Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares moved up 0.89% in last trading session and was closed at $33.97, while trading in range of $33.39 – $34.09. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) year to date (YTD) performance is -8.34%.
On 2 JUNE IAMGOLD Corp (USA) (NYSE:IAG) reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.01. The company had revenue of $279.30 million for the quarter, compared to the consensus estimate of $278.78 million. During the same quarter last year, the company posted $0.15 earnings per share. IAMGOLD Corp’s revenue was down 8.5% compared to the same quarter last year. On average, analysts predict that IAMGOLD Corp will post $0.16 earnings per share for the current fiscal year. IAMGOLD Corp (USA) (NYSE:IAG) ended the last trading day at $3.94. Company weekly volatility is calculated as 3.93% and price to cash ratio as 5.93. IAMGOLD Corp (USA) (NYSE:IAG) showed a positive weekly performance of 11.30%.
On 12 JUNE According to the ETF Finder at ETF Channel, Eldorado Gold Corp (USA) (NYSE:EGO) will makes up 4.48% of the Pure Gold Miners. Eldorado Gold Corp (USA) (NYSE:EGO) net profit margin is -54.30% and weekly performance is 6.15%. On last trading day company shares ended up $6.39. Analysts mean target price for the company is $8.34. Eldorado Gold Corp (USA) (NYSE:EGO) distance from 50-day simple moving average (SMA50) is 7.69%.