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NEW YORK (
Karvy Global) --
North American Palladium(PAL),
Cliffs Natural Resources(CLF - Get Report) and
Stillwater Mining(SWC) headed the gainers' list last week, while
Great Northern Iron Ore Properties(GNI),
Alpha Natural Resources(ANR) and
Mag Silver(MVG) were the top losers last week.
North American Palladium surged around 18.9% last week, hitting 52-week highs on Friday. Meanwhile, Stillwater Mining gained around 8.8%. Both stocks benefited from the rally in platinum and palladium, spot prices of which rose 4.6% and 3.7% during the week, respectively.
Cliffs Natural Resources touched 52-week highs, advancing around 9.2%. Cliffs acquired Canada-based Thompson Iron Mines for C$4.9 billion, in an all-cash deal last week.
> > Bull or Bear? Vote in Our PollPatriot Coal(PCX) hit 52-week highs at $26.48 on Thursday. The stock declined to $24.52, however, after FBR Capital cut its rating to "market perform." Similarly,
International Coal(ICO) scaled up to 52-week highs at $9.48 on Thursday, before ending the week at $9.02.
Among other coal stocks,
Penn Virginia Resource Partners(PVR) and
Yanzhou Coal Mining(YZC) gained around 6.9%, 2.8% and 2.7%, respectively.
Harsco(HSC) advanced around 5.7%. On Friday, the company confirmed receiving two new industrial sector orders from the Netherlands for a total value of $9 million.
ArcelorMittal(MT), global steel giant, gained 3.6%. On Friday, ArcelorMittal said it has joined Nunavut to offer C$1.50 per share for Baffinland.
U.S. Gold(UXG) gained around 3.4%. During the week, the company announced that its new discovery at Limo Project in Nevada delivered significant results.
Meanwhile, mining giants
Vale(VALE - Get Report) and
Rio Tinto(RIO) advanced around 3.4% and 3.0%, respectively, attaining their respective 52-week highs on Wednesday.
Other winners include
Haynes International(HAYN) and
BHP Billiton(BHP), up 4.9%, 4.5% and 2.4%, respectively.
Great Northern Iron Ore Properties headed the losers' list last week, plunging 26.2% on speculative selling with heavier-than-average-volume. Alpha Natural Resources followed, shedding 9.5% after the company raised its 2010 estimates for cost of coal sales.
Silver stocks dominated the decliners' list as the white metal COMEX spot delivery declined 3.58% last week. Mag Silver,
Compania de Minas Buenaventura(BVN),
Silver Wheaton(SLW - Get Report) and
Pan American Silver(PAAS) were down 7.1%, 6.8%, 5.8%, 5.4% and 4.7%, respectively.
Among gold stocks,
Goldcorp(GG - Get Report),
Barrick Gold(ABX - Get Report) and
Kinross Gold(KGC) declined 5.3%, 4.4%, 4.4%, 4.1% and 4.1%, respectively, as the underlying metal dropped nearly 1.3% for COMEX spot delivery.