This Day On The Street
Continue to site
ADVERTISEMENT
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

Metals and Mining: Winners and Losers

NEW YORK ( TheStreet) -- Endeavour Silver (EXK - Get Report), New Gold (NGD - Get Report), Brigus Gold (BRD), Yamana Gold (AUY - Get Report) and Walter Energy (WLT - Get Report) showed strength last week; James River Coal (JRCC - Get Report), Westmoreland Coal (WLB - Get Report), ArcelorMittal (MT), Yanzhou Coal Mining (YZC), Mechel (MTL) and Gold Reserve (GRZ) were the notable losers.

Endeavour Silver led the winners' list last week, up 19.6%.

Precious metals showed relative strength last week, pushing New Gold and Brigus Gold up 14.9% and 12.3%, respectively, last week.

Yamana Gold advanced 12.2%.

Walter Energy gained 11.2%, after an upgrade at FBR.

The Johannesburg-based fourth-largest producer of precious metals, Gold Fields (GFI), climbed 10.8% after posting 15% net profit growth during the second quarter, buoyed by rallying gold prices and higher production.

Other movers Agnico-Eagle Mines (AEM) rose 11%, Eldorado Gold (XOM) gained 10.5%, Silver Wheaton (SLW) boosted 9.2%, Stillwater Mining (SWC) moved up 8.9% and Alexco Resource (AXU) piled 8.9%.

Barrick Gold (ABX) rose 1% as it seeks to invest $50 million to fully realize the copper reserve wealth at its Lumwana Mine in Solwezi.

Goldcorp (GG) advanced 7.8% after declaring its eighth monthly dividend payment of 3.4 cents per share for 2011.

Randgold Resources (GOLD), MAG Silver (MVG), Harmony Gold Mining (HMY) and US Gold (UXG) racked up average gains of 6%.

Compania de Minas Buenaventura (BVN) increased 5.7% last week. The company has received necessary permits from Peru's Energy and Mining Ministry to start metallurgical operations at Tantahuatay.

James River Coal declined 14.9%, topping the losers pack after Brean Murray downgraded the stock from buy to hold.

Westmoreland Coal erased 13.5% last week.

ArcelorMittal dived 10.7% after a blast furnace failed at its New Castle facility in South Africa, Bloomberg reports.

Yanzhou Coal Mining, Mechel and Gold Reserve wiped out an average 10% each.

Other laggards included POSCO (PKX) (-8.8%), Metalico (MEA) (-8.7%), Platinum Group Metals (WMT) (-8.6%) and Solitario Exploration & Royalty (XPL) (- 8.5%).

Kaiser Aluminum (KALU), Aluminum Corp. of China (ACH), United States Steel (X), Steel Dynamics (STLD) and Schnitzer Steel Industries (SCHN) shed around 5.8% to 7.3%, on average.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BRD $0.00 0.00%
JRCC $0.00 0.00%
AUY $3.62 0.00%
EXK $2.02 0.00%
NGD $3.07 0.00%

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs