This Day On The Street
Continue to site right-arrow
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: Winners and Losers

Stocks in this article: RIO BTU AA GNI IAG MT MGN

Aluminum company Alcoa (AA) edged up 0.3% last week, after declaring a common and preferred stock dividend. The company recently agreed to partner and work with China Power Investment for $7.5 billion worth of clean-energy and smelting projects, as China strives to reduce its carbon footprint and cut energy costs.

Carpenter Technology (CRS) gained 1.2% after announcing an 18 cents per share quarterly cash dividend, payable March 3, 2011. However, the gains were capped after research analysts at Sidoti downgraded the stock's rating to neutral from the earlier buy.

Mines Management was the top loser last week, down 18%. James River Coal slumped 16.7% after Zacks Investment Research rated the company a top sell pick. Alpha Natural Resources fell 13.7% after the Environmental Protection Agency of the U.S. said it is revoking a permit given to Alpha to employ mountaintop removal to extract coal from its Spruce No. 1 mine in West Virginia.

Last Week, coal companies snapped its rally on concerns that China would hike interest rates. Additionally, a Goldman Sachs analyst warned investors last week that the rally in coal stocks is short-lived and downgraded ratings.

International Coal Group (ICO) and Walter Energy (WLT) were the other decliners, down 13% and 12.7%, respectively. Analysts at FBR Capital Markets downgraded Walter's rating to market perform from the earlier outperform. Patriot Coal (PCX) slumped 12.5% after receiving a downgrade to market perform from outperform from FBR Capital Markets. Arch Coal (ACI) dropped 10.9%. Goldman Sachs downgraded the stock's rating to sell from neutral last week.

Other major coal companies such as Peabody Energy (BTU), Massey Energy (MEE) and Consol Energy (CNX) declined 8.9%, 8.2% and 7.1%, respectively.

Meanwhile, as spot silver and gold prices dropped almost 3% and 1.5% last week, respectively. Following the metal prices, gold stocks such as New Gold (NGD), US Gold (UXG) and Goldcorp (GG) were down 15.4%, 13.7% and 4.3%, respectively, while silver companies like Mag Silver (MVG) and Endeavour Silver (EXK) dipped 9.9% each. Pan American Silver (PAAS) and Silver Wheaton (SLW) fell 9.4% and 5.9%, 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

Select the service that is right for you!

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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