This Day On The Street
Continue to site
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

Metals and Mining: Winners and Losers

Among other winners, Metalico (MEA), Carpenter Technology (CRS - Get Report), and Cliffs Natural Resources (CLF - Get Report) rose around 5.1%, 4.5%, and 2.4%, respectively.

Among losers, International Coal Group plunged 17.2% from its 52-week highs of $8.46 recorded on Dec. 10 to $7 on Friday. On Tuesday, the stock closed 13.1% lower, following a late-Monday announcement that the company plans to sell around 35 million shares. An upgrade of the stock to buy from hold at Brean Murray did not lead to any gains in the stock on Wednesday. The stock didn't respond either to the news that Massey Energy (MEE) is considering a takeover of International Coal.

Meanwhile, Great Northern Iron Ore Properties and Cloud Peak Energy (CLD - Get Report) plunged on profit-booking after the stocks reached respective 52-week highs last week. On Thursday, Rio Tinto (RIO) announced the sale of its remaining stake in Cloud Peak Energy, estimated to raise around $500 million.

Other coal stocks, Penn Virginia Resource Partners (PVR), Patriot Coal (PCX), and Natural Resource Partners (NRP) dropped around 5.9%, 5.5%, and 4.2%, respectively.

Gold and silver for spot delivery on the New York Mercantile Exchange declined around 0.6% and 0.7%, respectively, weighing on the respective stocks. Gold giants Barrick Gold (ABX - Get Report), Goldcorp (GG - Get Report), and Newmont Mining (NEM - Get Report) dipped around 3.1%, 3.5%, and 3.3%, respectively.

Among other gold producers, Agnico-Eagle Mines (AEM), Gold Reserve (GRZ), New Gold (NGD), U.S. Gold (UXG), Randgold Resources (GOLD), and Tanzanian Royalty Exploration (TRE) declined around 8.8%, 3.5%, 3.4%, 3.2%, 2.6%, and 2.5%, respectively. Most of these stocks touched respective 52-week highs in the penultimate week.

Silver Standard Resources (SSRI), Compania de Minas Buenaventura's (BVN - Get Report), and Silver Wheaton (SLW - Get Report) led the pack of silver decliners, down 6.2%, 5.2%, and 4.7%, respectively.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PVR $0.00 0.00%
MEA $0.60 0.00%
AWC $4.20 0.48%
GNI $8.10 9.02%
PAL $0.04 -10.48%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs