This Day On The Street
Continue to site
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

Metal & Mining Stocks: Green Week

NEW YORK ( TheStreet) -- Metal and mining stocks traded in the green this past week. Mines Management (MGN), Gold Reserve (GRZ) and Stillwater Mining (SWC - Get Report) wrapped up on a positive note, while Solitario Exploration & Royalty (XPL) and Golden Star Resources (GSS) declined.

Mines Management emerged top gainer last week, jumping 41.7%. Gold Reserve followed, increasing 36.1% as gold prices surged 5.5% to $1,743.7 per ounce at the close last week.

Stillwater Mining gained 35.5% after the company reported favorable third-quarter 2011 results. Net income for the quarter increased to $40.7 million, or 37 cents per diluted share, compared to $5.9 million, or 6 cents per diluted share, in the same quarter the prior year. SWC's revenues increased substantially to $253.7 million from $142.9 million in the year-ago period.

Coal stocks Patriot Coal (PCX), Westmoreland Coal (WLB - Get Report) and James River Coal (JRCC) gained 34.1%, 27.6% and 26.5%, respectively. Last week, U.S.-based energy companies were seeking partnerships with the country's coal firms, aiming to open up the market further.

Allegheny Technologies (ATI - Get Report) moved up 23.8% after the company reported revenue of $1.35 billion for 2011 third quarter, up 28% from the same period the prior year. Also, net earnings grew to $62.3 million, or 56 cents per share, from $1 million, or 1-cent per share, in the year-ago period. Also, ATI has extended the terms of its long-term titanium products supply agreement with Boeing through December 31, 2018.

Aluminum Corporation of China (ACH) climbed 23.4% after swinging to a net profit of $87.46 million, vs. a net loss of $18.5 million in the equivalent period last year. Sales surged 45% to $6.5 billion.

Endeavour Silver (EXK - Get Report) and Mechel (MTL) gained 23% and 22.8%, respectively. Last week, Mechel announced the launch of a biochemical cleaning facility to treat phenolic waste water from Mechel-Coke OOO's coke and chemicals production process.

Arch Coal (ACI - Get Report) rose 22% after reporting third-quarter 2011 revenue of $1.20 billion, increasing from $874.7 million recorded in the year-ago quarter.

Cliffs Natural Resources (CLF - Get Report) advanced 21.3% after the company's third-quarter 2011 net profit rose 98% to $589.5 million, or $4.07 per share, from $297.4 million, or $2.18 per share, in the prior-year quarter. The company's operating margin expanded to 38.3% from 29%.

Peabody Energy (BTU - Get Report) was up 20.4% at close last week. The company announced a 9% increase in revenue to a record $2.04 billion. Net income earned during the quarter increased to $281.5 million, or $1 per share, from $236.3 million, or 83 cents per share, in the same period the previous year.

Solitario Exploration & Royalty, Golden Star Resources and Agnico-Eagle Mines (AEM - Get Report) dropped 1.2%, 0.5% and 0.3%, respectively. AEM reported a net loss of $81.6 million, or 48 cents per share, compared to a net profit of $121.5 million, or 73 cents per share.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
JRCC $0.00 0.00%
GRZ $2.91 0.00%
ACI $0.47 -7.84%
ACH $7.64 0.00%
AEM $35.64 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs