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 and Mining Stocks: Winners and Losers

NEW YORK ( TheStreet) -- Mines Management (MGN), Alliance Holdings GP (AHGP - Get Report) and Gold Reserve (GRZ) wrapped up on a positive note last week, while Ternium (TX - Get Report), Mechel (MTL) and Alpha Natural Resources (ANR) showed weakness.

Mines Management topped the advancers' list last week, up 6.3%. Alliance Holdings GP followed increasing 2.1%.

Gold Reserve shed 1.1% after it was known that the Toronto Stock Exchange is considering suspending the stock's trading. Further, the NYSE Amex LLC stock exchange has sent a delisting notice to the company.

Walter Energy (WLT) gained a modest 0.2% after a research report by Paragon revealed that the coal market is set for robust growth, buoyed by infrastructure development in the emerging markets.

Ternium was at the helm of losers, plunging 20.3% at close last week. Mechel followed declining 18.5% after the company recorded a 4% drop in its first nine-month run-of-mine coal production to 19.81 million metric tons.

Alpha Natural Resources eroded 15.8% last week, while another coal producer Patriot Coal (PCX) relinquished 14.1%.

Stillwater Mining (SWC) dipped 13.8% at close last week. New Gold (NGD) dropped 13.5% after Zacks Investment Research downgraded the stock's rating to neutral from outperform last week.

James River Coal (JRCC) tumbled 12.7%, after Deutsche Bank cut its price target on the stock from $12 to $10.5. However, the bank maintains its hold rating on JRCC. At close last week, North American Palladium (PAL) lost 12.7%.

Aluminum Corporation of China (ACH) declined 12.5% after Mizuho Securities downgraded the stock's rating to underperform from the earlier buy rating. Arch Coal (ACI) shed 12.3% last week.

Among others, Peabody Energy (BTU - Get Report) and Consol Energy (CNX) erased 10.8% each.

Gold companies U.S. Gold (UXG), Brigus Gold (BRD) and Kinross Gold (KGC) wiped out 10.5%, 10.3% and 10%, respectively at close this past week. Gold prices slipped 3.2% to close at $1723.95 per ounce on easing U.S. consumer prices and the eurozone debt contagion. Moreover, Brigus Gold reported 2011 third quarter revenue of $19.3 million, down 18.6% from the year-ago quarter.

ArcelorMittal (MT - Get Report) lost 9.8% after it was known that steel production at the company's Ukrainian unit declined by 5.9% to 529,900 metric tons in October compared to the same month a year ago. For the first ten months of the year, steel production declined to 4.6 million tons from 5.09 million tons in the same period last year.
1 of 2

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
GRZ $2.91 0.00%
BTU $2.07 -2.36%
AA $11.17 0.00%
AHGP $17.60 0.00%
MGN $0.70 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs