NEW YORK ( TheStreet) - Goldcorp (GG - Get Report), Rio Tinto (RIO), and Kinross Gold (KGC - Get Report) are among metals and mining stocks expected to have a greater upside potential, compared to peers.
The S&P 500 Index has gained 12.9% so far in 2010, while the SPDR S&P Metals and Mining ETF (XME) surged 32.7%, outperforming broader markets. Given the current run-up in metals prices and the positive momentum in equity markets, metals and mining stocks will likely provide investors attractive returns during 2011.
Analysts expect the following 10 metals and mining stocks to outperform their peers and broader markets, based on the upside implied from their price targets for 2011. These stocks are expected to gain in the range of 23%-40% over the next 12 months, with a mean upside value of around 20%. In addition, most of these stocks received favorable buy recommendations.
The stocks are stacked by upside, from great to greatest.