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 - Get Report), 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.
(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.
(SLW - Get Report),
Silver Standard Resources
(SSRI - Get Report) and
Pan American Silver
(PAAS - Get Report) were up 5.8%, 4.9% and 2.4% respectively outperforming the metal index.
United States Steel Corporation
rose 4.3% during the past week on high speculation that
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,
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
AK Steel Holding
increased 5.6% and 3% respectively.
(SWC - Get Report)
, 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
has been in the news lately as the stake is under possible sale to a third party.
(ZINC - Get Report)
, 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%.