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: BTU FCX YZC ATI CDE IAG SWC

NEW YORK ( TheStreet) -- Allegheny Technologies (ATI) and Yanzhou Coal Mining (YZC) rallied higher; Coeur d'Alene Mines (CDE), IAMGOLD (IAG) and Stillwater Mining (SWC) showed weakness.

Allegheny Technologies led the pack of gainers, rising 6% last week. Yanzhou Coal Mining followed, accumulating 2%. Last week, it was known that the coal company is bidding for Australian mining firm Whitehaven Coal, valued at around $3.7 billion.

A few coal companies ended in the green last week after Consol Energy (CNX) recorded higher-than-estimated coal production in the first quarter, thereby raising its annual coal target. Also, JP Morgan raised its price target for coal producers like Arch Coal (ACI), International Coal Group (ICO), Peabody Energy (BTU) and Consol, primarily on the back of higher coal prices.

Another coal company, Westmoreland Coal (WLB), rose 1.5% at the end of last week. Meanwhile, Carpenter Technology (CRS) edged up 0.6% after the company announced to raise its base prices on stainless and specialty alloys between 3% and 5%, effective for orders placed on or after April 15.

Among metal and mining stocks, most declined past week as commodity prices eroded significant value during trading. Gold and silver stock Coeur d'Alene Mines was at the helm of losers, declining 14.7%. Following suit, IAMGOLD slipped 13.1%. The company recently announced that it is selling its 19% stake in Tarkwa and Damang gold mines in Ghana to South African mining giant Gold Fields for $667 million. This stake sale will create value for its shareholders through higher cash and cash equivalents of $1 billion. Also, Zacks Investment Research reaffirmed its neutral rating on the stock.

Solitario Exploration & Royalty (XPL) eroded 12.9% during the past week after it was downgraded by TheStreet Ratings from hold to sell due to its feeble growth in earnings per share, weak operating cash flow, and poor profit margins. The company last week priced its underwritten public offering of 3.4 million shares of common stock at $2.50 per share.

As gold and silver prices pulled back from their respective highs tracking oil prices, majority of mining and commodity stocks also dropped. Stillwater Mining erased 12.6%, while Mines Management (MGN) lost 12.3%.

Freeport-McMoRan Copper & Gold (FCX) declined 10.6%. Meanwhile, the company went ex-dividend on April 13, 2011 with shareholders eligible for a dividend of 25 cents per share. The company is scheduled to release its first quarter 2011 earnings on April 18, 2011 with earnings per share estimated at $1.26, compared to $1.03 in the year-ago quarter.

With silver prices slumping early last week, silver stocks shed most of their accumulated gains. Pan American Silver (PAAS), Silver Wheaton (SLW) and MAG Silver (MVG) dropped 10.7%, 9.2% and 9%, respectively, during the past week.

As commodity prices spiraled down last week, copper stocks such as Teck Resources (TCK) and Southern Copper (SCCO) eroded 9.4% and 8.5% in value, respectively.

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