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
TheStreet Open House

Metal and Mining Stocks: Winners and Losers

NEW YORK ( TheStreet) -- Ternium (TX), Stillwater Mining (SWC) and Hecla Mining (HL) posted hefty gains last week, while Mechel (MTL), Brigus Gold (BRD) and MAG Silver (MVG) declined.

Ternium topped the advancers' list last week, up 9.3%. Nippon Steel, a major shareholder, approved the acquisition of ordinary shares in Brazil-based Usiminas by Ternium, its Argentine subsidiary Ternium Siderar and Brazilian sister company TenarisConfab.

At close last week, Stillwater Mining rose 9%. An analyst at Barclays has maintained an overweight rating on the stock with a price target of $20, indicating 66.5% upside from current levels. After a field trip to the company's recycling facility, the analyst believes that Stillwater's existing operations are on track to achieve full-year targets.

Hecla Mining accumulated 8% at close this past week, while Solitario Exploration & Royalty (XPL) moved up 7.1%, impacted by the price movements of gold and silver. Gold prices were down 0.7% to $1,711.6 per ounce at close last week, while silver prices increased 0.3% to $32.22 per ounce.

Silver Standard Resources (SSRI) accumulated 7% last week. Meanwhile, Mines Management (MGN) rose 6% after it was known that the stock is a perfect technical buy, based on all 14 technical indicators, according to BarChart.com.

Horsehead Holding (ZINC) gained 5.9%, tracking the broader market gains. Alexco Resource (AXU) increased 5.6% after it announced interim results for its 2011 drilling program at the Bermingham property. Previously discovered zones of silver mineralization at Bermingham have been confirmed and expanded. Also, Alexco intersects multiple zones of silver mineralization to 22.2 meters true thickness with narrower intervals to 141 ounces per ton silver over 1.0 meters at Bermingham.

AK Steel Holding (AKS) added 4.7% at close last week. The company announced last week that it would increase the current spot prices for all its carbon flat-rolled steel products, effective immediately with new orders. For hot-rolled carbon products, base prices are seen up $40, while an increase of $50 is expected for cold-rolled and coated carbon steel products.

Randgold Resources (GOLD) jumped 4.1% after the company revealed that it expects to keep its cash costs around $700 per ounce for 2011, despite the recent cuts in production guidance. After an upgrade to neutral rating from underperform at Zacks Investment Research, Southern Copper (SCCO) gained 3.9% last week.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,035.96 -35.26 -0.21%
S&P 500 1,974.51 -3.29 -0.17%
NASDAQ 4,496.01 -9.8420 -0.22%

Brokerage Partners

Rates from Bankrate.com

  • 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