ADR Shares End Mixed; Metals and Mining Shares Decline

International stocks trading in New York were mixed on Wednesday. The BNY Mellon index of American depositary receipts edged down 0.3% to 136.38. The European index eased 0.2% to 133.83, the Asian index fell 0.6% to 140.19, the Latin American index edged up fractionally to 228.76 and the emerging-markets index declined 0.5% to 261.74. Among the companies with shares that actively traded were metals and mining stocks.

Shares of metals and mining companies, which have been under pressure the past few sessions, tumbled on Wednesday after Citi cut its 2015 and 2016 price targets for iron ore to $58/ton and $62/ton respectively. That is down from prior estimates of $65 for both years. Among the decliners, BHP Billiton Ltd. (BHP, BHP.AU) fell 2.8% to $44.16, BHP Billiton PLC (BBL, BLT.LN) decreased 2.9% to $39.66, Rio Tinto PLC (RIO, RIO.LN) dropped 2.1% to $42.95 and Vale SA (VALE, VALE3.BR)--the world's biggest iron-ore miner by output--fell 5.5% to $48.03.

Royal Dutch Shell PLC (RDSA, RDSA.LN) said Wednesday that it has scrapped plans to build a big petrochemicals plant in natural-gas-rich Qatar, one of the first major oil-and-gas projects to be canceled after six months of plummeting oil prices. Shares fell 1.1% to $62.29.

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