Basic Material Most Active: Petroleo Brasileiro Petrobras (NYSE:PBR), Kinross Gold Corporation (NYSE:KGC), Alcoa Inc (NYSE:AA), Exxon Mobil Corporation (NYSE:XOM)

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) management told UBS yesterday it expects another gasoline price hike this year from the Brazilian government, but it offers no detail on when and by how much, and the price gap with the international market rate won’t be fully closed. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock performance was -1.40% in last session and finished the day at $12.00. Traded volume was 20.52million shares in the last session and the average volume of the stock remained 20.40million shares. The beta of the stock remained 1.83.

Kinross Gold Corporation (USA) (NYSE:KGC)’s stock had its “buy” rating restated by investment analysts at Mackie in a note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a C$7.00 target price on the stock. Mackie’s price objective would suggest a potential upside of 48.62% from the company’s current price. A number of other firms have also recently commented on K. Analysts at Canaccord Genuity upgraded shares of Kinross Gold Corporation (USA) (NYSE:KGC) to a “buy” rating in a research note on Wednesday. Kinross Gold Corporation (USA) (NYSE:KGC) dropped -5.35 percent to $4.25 Wednesday on volume of 17.31million shares. The intra-day range of the stock was $4.20 to $4.53. Kinross Gold Corporation (USA) (NYSE:KGC) has a market capitalization of $4.86billion.

Alcoa Inc. (NYSE:AA), which supplies both Chicago-based Boeing and Toulouse, France-based Airbus, received more than half of its Engineered Products and Solutions division revenue from the aerospace sector last year. It expects global aerospace demand to grow 7 to 8 percent this year, 9 to 10 percent in 2015 and 8 to 9 percent in 2016. Alcoa Inc (NYSE:AA)’s stock on Mar 26, 2014 reported a decrease of -1.33% to the closing price of $11.86. Its fifty two weeks range is $7.63 -$12.38. The total market capitalization recorded $12.79billion. The overall volume in the last trading session was 14.68million shares. In its share capital, AA has 1.07billion outstanding shares.

United States-based Exxon Mobil and Russia’s Rosneft, two of the largest energy companies in the world, have teamed up to tackle oil drilling in the Arctic Ocean. This is a $500 billion joint venture, tracing back to 2011, that Exxon Mobil Corporation (NYSE:XOM) will not just be able to walk away from. Additionally, the United States (and everyone else) will be in greater need of oil if they block Russia’s massive energy supply, throwing the entire global market out of whack. This leaves everyone in a giant, greasy pickle. As Exxon Mobil Corporation (NYSE:XOM)’s former CEO Lee Raymond once notoriously stated, “I’m not a U.S. company, and I don’t make decisions based on what’s good for the U.S.” They are a global behemoth that doesn’t take losing business lightly. On Wednesday, shares of Exxon Mobil Corporation (NYSE:XOM) dropped -0.22% to close the day at $94.70. Company return on investment (ROI) is 8.20% and its monthly performance is recorded as -1.67%. Exxon Mobil Corporation (NYSE:XOM) quarterly revenue growth is -3.19%.

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