The top after-market NYSE gainers on Monday are: Alcoa, International Coal Group, U.S. Gold Corp, Arch Coal, American Axle & Manufact. Holdings, Molycorp, M.D.C. Holdings and Barnes & Noble.

Shares of Alcoa Inc. (NYSE:AA), which is due to report its quarterly earnings next week, advanced 2.72 percent to $16.23 in aftermarket trading, after Deutsche Bank upgraded the stock to “buy” from “hold” and raised price target to $22 from $14.

International Coal Group, Inc. (NYSE:ICO) shares advanced 2.44 percent to $8.38 in aftermarket trading. Its shares surged 5.68 percent in regular trading session on rumors that Massey Energy (MEE) was in negotiations for a potential takeover of ICO.

U.S. Gold Corp (NYSE:UXG) shares advanced 2.02 percent to $8.10 in aftermarket trading session. Zacks Investment Research reiterated a “neutral” rating on shares of U.S. Gold Corp on Tuesday.

Arch Coal, Inc (NYSE:ACI) shares advanced 1.66 percent to $36.19 in aftermarket trading session. The stock has a 52 week low of $19.09 and 52 week high of $36.50 and has 162.48M outstanding shares.

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) shares advanced 1.33 percent to $13.70 in aftermarket trading session. Its shares surged 5.13 percent in regular session after Institute for Supply Management’s December 2010 manufacturing report.

 Molycorp, Inc (NYSE:MCP) shares advanced 1.30 percent to $58.25 in aftermarket trading session. Its shares surged 15.23 percent in regular session after Dahlman Rose & Co raised the price target of Molycorp to $85 from $49 as China's decision to reduce exports of the metals will lead to increased demand from Molycorp around the world.

M.D.C. Holdings, Inc. (NYSE:MDC) shares advanced 1.18 percent to $30.05 in aftermarket trading session on Monday. The stock has a 52 week low of $24.50 and 52 week high of $39.28 and has 47.14M outstanding shares.

Barnes & Noble, Inc. (NYSE:BKS) shares advanced 1.17 percent to $15.60 in afterhours trading session. Its shares surged 8.98 percent in regular trading as its preliminary holiday same-store sales surged 9.7 percent on strong sales of its Nook e-reader device.