On Wednesday, Shares of Rio Tinto plc (ADR)(NYSE:RIO), added 0.71% and closed at $32.81in the last trading session. The last trading range of the stock ranges between $32.72 and $33.40. The company’s Market capitalization is $61.01 Billion with the total Outstanding Shares of 1.37 billion. During the 52-week trading session the minimum price at which share price traded, registered at $21.89 and reached to max level of $39.37. Rio Tinto plc, a mining and metals company, finds, mines, and processes mineral resources. The company mines and produces aluminum products, counting bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, in addition to nickel; diamonds, titanium dioxide feedstocks, borates, and salt, in addition to high purity iron, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has operations in Australia, North America, Asia, Europe, Africa, and South America.
Integrated Device Technology Inc (NASDAQ:IDTI), dropped -3.90% and closed at $20.23 in the last trading session. The last trading range of the stock ranges between $19.92 and $20.98. The company’s Market capitalization is $2.59 Billion with the total Outstanding Shares of 134.32 million. During the 52-week trading session the minimum price at which share price traded, registered at $16.22 and reached to max level of $29.04. Integrated Device Technology, Inc. (IDT®) (IDTI) recently declared that it will issue second quarter fiscal year 2017 financial results on October 31, 2016 after 1:00 p.m. Pacific Time. The Company will then host a conference call to discuss these results and its business and financial outlook at 1:30 p.m. Pacific Time. The call will be broadcast live over the internet on the Shareholder Relations section of the Company’s website.
Laredo Petroleum Inc (NYSE:LPI), lost -3.19% and closed at $13.03 in the last trading session. The last trading range of the stock ranges between $12.97 and $13.32. During the 52-week trading session the minimum price at which share price traded, registered at $3.90 and reached to max level of $13.93. Laredo Petroleum, Inc. (LPI) (“Laredo” or the “Company”) will host a conference call on Thursday, November 3, 2016 to discuss its third-quarter 2016 financial and operating results. The Company also declares preliminary results for its commodity derivatives for third-quarter 2016 and its basic and diluted weighted-average shares outstanding.
Commodity Derivatives Update
For the three months ended September 30, 2016, Laredo anticipates to report a gain on derivatives of about $6.9 million, counting about $41.6 million net cash received on settlements of matured derivatives, net of deferred premiums paid. Although administration does not expect these numbers to change, they are preliminary and unaudited.
Laredo maintains an active hedging program to reduce the variability in its anticipated cash flow because of fluctuations in commodity prices. At September 30, 2016, the Company had hedges in place for the fourth quarter of 2016 for 1,861,350 barrels of oil at a weighted-average floor price of $67.13 per barrel and 4,692,000 million British thermal units (“MMBtu”) of natural gas at a weighted-average floor price of $3.00 per MMBtu.