On 27 MAY The Dow Chemical Company (NYSE:DOW) has signed up with Sigma-Aldrich Corporation (NASDAQ:SIAL) on a new frame work agreement which covers areas of manufacturing and supply chain of chemical reagent zinc finger nuclease. As per the terms of the agreement, the St Louis based firm will manufacture the chemical under license by using the patented EXZACT Precision Technology which will be used by The Dow Chemical Company (NYSE:DOW) in their “seeds and traits pipeline”. Neither of the two firms disclosed the financial terms of the agreement. The Dow Chemical Company (NYSE:DOW) net profit margin is 8.40% and weekly performance is 4.70%. On last trading day company shares ended up $52.12. Analysts mean target price for the company is $52.94. The Dow Chemical Company (NYSE:DOW) distance from 50-day simple moving average (SMA50) is 5.95%.
On 27 MAY Yamana Gold Inc. (USA) (NYSE:AUY) announced Daniel Racine has joined the Company’s senior management as Senior Vice President, Canadian Operations and Mine Planning & Development, effective immediately. Mr. Racine most recently held the position of President and Chief Operating Officer for Brigus Gold Corporation (“Brigus”). Prior to that role, Mr. Racine was Senior Vice President Mining at Agnico Eagle Mines Limited (“Agnico”) where he oversaw Agnico’s global mining operations. Yamana Gold Inc. (USA) (NYSE:AUY) shares advanced 3.23% in last trading session and ended the day on $7.36. AUY Gross Margin is 47.10% and its return on assets is -4.90%. Yamana Gold Inc. (USA) (NYSE:AUY) quarterly performance is -26.40%.
On 28 MAY Kinder Morgan Inc (NYSE:KMI) announced their project would lead to an additional 540,000 barrels a day of oil sands diluted bitumen and 29 more Aframax oil tankers a month through the Salish Sea and Burrard Inlet. This is the “applied for” capacity in the company’s 15,000-page expansion application filed with the National Energy Board, and the capacity undergoing environmental assessment and public interest review. Kinder Morgan Inc (NYSE:KMI) shares moved down -0.62% in last trading session and was closed at $33.39, while trading in range of $33.26 – $33.54. Kinder Morgan Inc (NYSE:KMI) year to date (YTD) performance is -4.98%.
North American Palladium Ltd (USA) (NYSEMKT: PAL) produced good amounts of palladium while reducing the cash cost per ounce of production. The production that the company achieved during the first quarter was higher than the guidance of the company. North American Palladium Ltd (USA) (NYSEMKT: PAL) ended the last trading day at $0.282. Company weekly volatility is calculated as 9.66% and price to cash ratio as 5.05. North American Palladium Ltd (USA) (NYSEMKT: PAL) showed a positive weekly performance of 4.52%.
On 21 MAY Gerdau SA (ADR) (NYSE:GGB) began trading ex-dividend. A cash dividend payment of $0.03171 per share is scheduled to be paid on June 06, 2014. Shareholders who purchased Gerdau SA (ADR) (NYSE:GGB)’s stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 6.78% increase over the prior quarter. At the current stock price of $6.2, the dividend yield is 2.05%. Gerdau SA (ADR) (NYSE:GGB) net profit margin is 4.00% and weekly performance is -3.88%. On last trading day company shares ended up $5.94. Analysts mean target price for the company is $17.92. Gerdau SA (ADR) (NYSE:GGB) distance from 50-day simple moving average (SMA50) is -4.57%.
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