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!

Metals and Mining Stocks: Winners

NEW YORK (TheStreet) -- Mines Management (MGN), Hecla Mining (HL), and Coeur d'Alene Mines (CDE) were the top metals and mining stocks gainers last week.

Mines Management was among the major gainers, up 38%. The company has been carrying on its exploration activities, with its corporate development team seeking additional resource opportunities in the North and South Americas. Hecla Mining up 29.7%, joined the advancers' list. The stock is offering attractive returns to investors due to the run-up in metals stocks. Base metals and precious metals have been rallying on the weaker dollar index and the Fed's recent quantitative easing package, reigniting confidence in the U.S. economy.

Coeur d'Alene Mines gained 20% last week after it reaffirmed its full year 2010 production guidance, estimating a 135% increase in gold production to about 170,000 ounces.

Coal producers stocks advanced on the strong global demand for steel-making coal and renewed merger talks in the industry. Alpha Natural Resources (ANR) and Massey Energy (MEE), together accounting for almost a third of domestic metallurgical production, are negotiating an acquisition deal, Bloomberg reports. Recently, Alpha made a takeover offer for Massey.

Massey Energy increased 11.1%, as demand for metallurgical coal has been weakening in the U.S. and some parts of Europe, leading to a situation where supplies fall short of demand and pushing the prices higher.

Peabody Energy (BTU) accumulated 9.3% after it became known that Peabody and Alpha Natural Resources are seeking to buy Australia-based Whitehaven Coal through a formal bidding process, Bloomberg reports. The company, which is valued at $3.6 billion, is also attracting other potential bidders such as China Shenhua Energy and Yanzhou Coal Mining (YZC).

With coal prices on a roll, coal stock Patriot Coal (PCX) escalated 17.3% during the past one week. Despite reporting a net loss during the third quarter, Patriot Coal operates in a strong coal market. Looking ahead to the fourth quarter, the company estimates sales volume in the range of 8 to 8.4 million tons.

Meanwhile, North American Palladium (PAL) and Platinum Group Metals (PLG) advanced 17.9% and 20%, respectively.

There were no losers among the metals and mining stocks past week as gains in the metals complex pushed stocks higher.

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • 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