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: Weeky Winners and Losers

NEW YORK (TheStreet) - Solitario Resources (XPL), Patriot Coal (PCX), and CONSOL Energy (CNX) were among the top gainers, while Metalline Mining (MMG), Randgold Resources (GOLD), and Metalico (MEA) topped the losers' list last week.

Last week, Solitario Resources surged around 33.3% after the announcement that the company entered into a definitive joint venture agreement with Ely Gold & Minerals for the Mt. Hamilton gold project in Nevada. Subsequent to the completion of various staged commitments towards the project, Solitario would earn a 80% interest in DHI Minerals, Ely's wholly owned subsidiary.

During the past week, most of the coal companies were upgraded to a higher rating with a increase in the price targets as compared to the earlier ones. Patriot Coal advanced 12.5% after the company was upgraded to "outperform rating" from the earlier "market perform" rating at FBR Capital.

Based on the company's company ability to leverage higher coal prices, analysts at FBR raised price target to $21 from the earlier target of $16, indicating an upside of 14.8% from current levels. In comparison, competitors like Peabody Energy (BTU) and Arch Coal (ACI) have a price to book ratio of 4.39 and 2.47 respectively, while Patriot is trading at 1.61 indicating room for further growth.

Arch Coal gained 7.1% last week. During the last week FBR Capital raised its price target for Arch Coal to $50 from the earlier estimated price of $42, while reassigning the outperform rating.

Meanwhile, Alpha Natural Resources (ANR) was up 7.4% during the week. Analysts at FBR Capital raised the stock's target price to $68 from the earlier $58. Last week, Alpha placed a takeover offer for competitor Massey Energy (MEE). Massey was up 5.5% during the past week.

Peabody gained 4.7% during the week after its price target was raised by FBR Capital to $75 from the previous target of $61. Asia, mainly China and India, are driven by challenging legal and climatic fears in the domestic markets with regards coal production, according to analysts. As these markets seek to shop around the world for more and more fuel supplies Peabody and Arch are busy are looking out for coal exporting deals to Asia. Peabody has already invested $2 billion in Australian mining operations and has business offices in Beijing, Singapore and Indonesia.

1 of 2

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 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

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