This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Silver, Steel Stocks Outshine Other Metals

Stocks in this article: CDE MVG SLW

NEW YORK ( TheStreet) -- The following stocks have outperformed the S&P 500 Index, which lost 0.7%, and the S&P 500 Metals and Mining Index, which increased 0.7% during the past week.

Coeur d'Alene Mines (CDE), one of the world's leading silver producer, increased 12.9% to $16.41. Subsequent to return of normalcy conditions after civic unrest at one of its silver mines, the company said that it continues to maintain its production guidance for 2010 at 6.5 million ounces of silver at an average cash operating cost of $8 per ounce. On Aug. 18, Deutsche Bank reassigned a hold rating to the stock with a target price of $18 representing a 9.7% upside.

Mag Silver (MVG), explorer of silver and gold properties, was up 10.4% after the company revealed that it has signed an agreement with Canadian based Canasil Resources in order to earn a 60% interest in a Mexico-based project. The company would pay $5 million in exploration expenses and $500,000 in cash over four years.

Silver Wheaton (SLW), Silver Standard Resources (SSRI) and Pan American Silver (PAAS) were up 5.8%, 4.9% and 2.4% respectively outperforming the metal index.

United States Steel Corporation (X) rose 4.3% during the past week on high speculation that ArcelorMittal (MT) is seeking to purchase the company. However, industry analysts comment that such an acquisition is highly unlikely as ArcelorMittal would look out for raw material companies and not steelmaking operations company. On Aug. 20, Deutsche Bank reassigned a buy rating to the stock with a target price of $62 representing a 31.7%.

Similarly, other steel stocks like Schnitzer Steel Industries (SCHN) and AK Steel Holding (AKS) increased 5.6% and 3% respectively.

Stillwater Mining (SWC), the sole producer of palladium and platinum in the U.S., soared 6.7% in the past week. The company recently commented that palladium prices are likely to touch its peak as demand from carmakers increase and Russian inventories of the metal decline. Moreover, car manufacturers prefer palladium over platinum due to lower prices. The company which is 51% owned by Norilsk Nickel has been in the news lately as the stake is under possible sale to a third party.

Horsehead Holding (ZINC), producer of specialty zinc and zinc-based products, escalated 5.6% during the past week after the company swung to profit during the second quarter as compared to a loss a year ago. Net profit stood at $5.71 million as compared to loss of $9.3 million a year ago, while net sales increased to $98.54 million from $47.61 million earlier. On Aug. 17, Canaccord Genuity Corp reassigned a buy rating with a target price of $14 representing upside of 65.7%.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs