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Metals and Mining: Winners and Losers

NEW YORK ( TheStreet) -- Haynes International (HAYN - Get Report), International Coal (ICO) and Horsehead Holding (ZINC - Get Report) topped the gainers' list, whereas Compania de Minas Buenaventura (BVN), Ternium (TX - Get Report) and Mines Management (MGN) came in losers last week.

Haynes International was the top advancer last week, gaining around 11.3% after trading high in four of the five trading sessions last week. International Coal rose 11.0% after a DealReporter story speculated on the company's sale.

Horsehead Holding was up 5.5% last week, despite a 1.6% decline in zinc metal prices. On Feb.07, the company announced completing a preliminary feasibility study for a new, efficient, and sustainable zinc plant with capacity of 150,000 tonnes per year.

ArcelorMittal (MT - Get Report) climbed 4.8% after 2010 fourth-quarter EBITDA outstripped analysts' estimates. In addition, the company guided 2011 EBITDA at $2.0-$2.5 billion vs. consensus $2.03 billion. Meanwhile, Kepler upgraded the stock to buy from reduce.

Alliance Holdings (AHGP) piled 3.8% despite a cut to market perform from outperform at Raymond James.

Goldcorp (GG - Get Report) advanced 3.2% after reporting a 23.1% rise in 2010 proven and probable gold reserves to 60.1 million ounces. Other gold stocks such as US Gold (UXG), Tanzanian Royalty Exploration (TRE), Golden Star Resources (GSS), New Gold (NGD) and Royal Gold (RGLD) posted gains of 4.5%, 3.1%, 1.5%, 1.0% and 0.3%, respectively.

Silver stocks such as Silver Wheaton (SLW - Get Report), Coeur d'Alene Mines (CDE), and Silver Standard Resources (SSRI) added around 1.1%, 0.9% and 0.9%, respectively, last week.

Among aluminum producers, Kaiser Aluminum (KALU), Alcoa (AA - Get Report), and Alumina (AWC) were upbeat, adding 1.6%, 1.3%, 0.3%, respectively, despite aluminum for spot delivery declining 2.0% on the LME.

Silver stocks were prominent losers' last week. Compania de Minas Buenaventura, Mines Management, Mag Silver (MVG), Hecla Mining (HL), Pan American Silver (PAAS), and Endeavour Silver (EXK) dropped 8.8%, 7.2%, 5.0%, 1.3%, 0.6% and 0.1%, respectively.

Ternium topped among steel stocks, down 8.6%. The company announced to repurchase shares from Usiminas. Among other steel producers, Mechel (MTL), Steel Dynamics (STLD), Worthington Industries (WOR), Nucor (NUE) and AK Steel (AKS) posted losses of 4.9%, 0.7%, 0.7%, 0.3% and 0.2%, respectively.

Teck Resources (TCK) dipped 5.9% after reporting 2010 fourth-quarter adjusted earnings per share of C93 cents vs. consensus C$1.17. Meanwhile, Freeport-McMoRan Copper & Gold (FCX - Get Report) shed 5.7%, backed by a 0.8% increase in LME copper prices for spot delivery. During the week, FCX announced plans to increase output at Congo's Tenke Fungurme to 225,000 tons over the next 2-3 years.

Penn Virginia Resource Partners (PVR) fell 5.6% after its 2010 fourth quarter earnings per share came in at 9 cents vs. consensus 40 cents. Meanwhile, Consol Energy (CNX) erased 4.7% after Macquarie downgraded the stock to neutral from outperform.
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.

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ZINC $2.50 9.17%
AA $9.41 3.52%
BVN $4.72 -0.63%
FCX $8.10 -2.41%
HAYN $39.06 -0.31%


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