Basic Material Active runners: Barrick Gold (NYSE:ABX), Kodiak Oil & Gas (NYSE:KOG), Yamana Gold (NYSE:AUY), Freeport-McMoRan Copper (NYSE:FCX)

Deutsche Bank upgraded shares of African Barrick Gold Corporation (USA) (NYSE:ABX) to a buy rating in a report released on Wednesday, American Banking News.com reports. Analysts at Citigroup Inc. reiterated a sell rating on shares of African Barrick Gold Corporation (USA) (NYSE:ABX) in a research note. Barrick Gold Corporation (USA) (NYSE:ABX) stock performance was -0.74% in last session and finished the day at $18.79. Traded volume was 9.89million shares in the last session and the average volume of the stock remained 13.05million shares. The beta of the stock remained 0.29.

Kodiak Oil & Gas Corp (USA) (NYSE:KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, expects to release its first quarter 2014 financial and operating results after the close of trading on Thursday, May 1, 2014. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) dropped -3.65 percent to $12.94 Thursday on volume of 12.30million shares. The intra-day range of the stock was $12.85 to $13.69. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) has a market capitalization of $3.45billion.

Yamana Gold Inc. (USA) (NYSE:AUY), Canadian gold miner, launched a complex offer for 50 percent of Osisko’s assets last week stating that the offer was valued at C$7.60 a share although analysts have pegged it lower than that. Yamana Gold Inc. (USA) (NYSE:AUY)’s stock on Apr 10, 2014 reported a decrease of -1.81% to the closing price of $8.67. Its fifty two weeks range is $8.31 -$14.77. The total market capitalization recorded $6.53billion. The overall volume in the last trading session was 12.60million shares. In its share capital, AUY has 752.62million outstanding shares.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and Gold Inc. FCX -2.32% has cut the workforce at its Grasberg mine, as a tax dispute between the U.S. mining company and Indonesia’s government drags on, the company’s chief executive said Thursday. “We have made some relatively modest reductions in the workforce,” Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and Gold Chief Executive Richard Adkerson told The Wall Street Journal in a telephone interview. “We were hoping to get this resolved quickly. That has not happened.” On Thursday, shares of Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) dropped -2.32% to close the day at $33.19. Company return on investment (ROI) is 9.20% and its monthly performance is recorded as -6.24%. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) quarterly revenue growth is -6.24%.