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: SLW CLF X XPL MGN TCK SCCO RIO BVN PAAS

NEW YORK ( TheStreet) -- Solitario Exploration & Royalty (XPL), Mines Management (MGN) and Silver Wheaton (SLW) topped the gainers' list last week; Teck Resources (TCK), Southern Copper (SCCO) and Rio Tinto (RIO) were in the losers' list.

Solitario Exploration & Royalty was the top advancer last week, gaining around 26.1%. On February 17, the stock saw unusual market activity with increased trading volume.

Silver stocks dominated the winners' list as the white metal's COMEX spot delivery rose 6.8% last week. Mines Management and Silver Wheaton surged 15.7%, and 14.5%, respectively, leading the pack of silver producers. Compania de Minas Buenaventura (BVN) jumped 12.0%. The stock hit six-week highs in Lima last week, trading on investors' speculation that the earnings report scheduled for Feb. 24 will reflect gains from subsidiaries, Bloomberg reports.

Among other silver producers, Pan American Silver (PAAS), Hecla Mining (HL), Coeur d'Alene Mines (CDE), Mag Silver (MVG), Endeavour Silver (EXK) and Silver Standard Resources (SSRI) posted 11.2%, 10.9%, 10.0%, 9.9%, 8.1% and 8.0% gains, respectively.

Cliffs Natural Resources (CLF) advanced 10.3%, after reporting 2010 fourth quarter adjusted earnings per share at $2.82 vs. estimates of $2.22. Longbow raised its price target on the stock to $135 from $100, reflecting a 39.8% upside.

Gold Fields (GFI) rose 9.2%, riding on its results for the second quarter ended December 31, 2010. Earnings ex-items were $211 million, in comparison to $135 million reported in the year-ago period. Meanwhile, for 2011, the company plans to increase its output by around 5.7%. Citi raised its price target to 100 Rand from 95 Rand, while Morgan Stanley raised its target to 125 Rand from 116 Rand.

AK Steel (AKS) gained around 8.8%. During the week, the company announced increasing stainless steel prices by 4 cents per pound.

Meanwhile, U.S. Steel (X) advanced 5.0% after Goldman Sachs upgraded the stock to buy from neutral and raised the price target to $75 from $61, based on U.S. Steel's leverage on rising steel prices. In addition, Goldman increased EPS estimates to $3.50 from $2.50 for 2011, $6.00 from $5.00 for 2012, and $6.25 from $5.50 for 2011. Other steel producers like Steel Dynamics (STLD), Schnitzer Steel Industries (SCHN) and Ternium (TX) were up 7.4%, 5.7% and 4.7%, respectively.

Barrick Gold (ABX) piled 8.2% after reporting 2010 fourth quarter adjusted earnings per share at 95 cents vs. estimates of 86 cents. Meanwhile, net income quadrupled to $896 million from $215 million reported a year earlier.

1 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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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