Freeport-McMoRan Copper & Gold (FCX) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 0.8%. By the end of trading, Freeport-McMoRan Copper & Gold rose 82 cents (2.5%) to $33.23 on average volume. Throughout the day, 15 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 18.2 million shares. The stock ranged in a price between $32.83-$33.65 after having opened the day at $33.10 as compared to the previous trading day's close of $32.41. Other companies within the Metals & Mining industry that increased today were: Ossen Innovation (OSN), up 17%, General Steel Holdings (GSI), up 14.9%, Alumina (AWC), up 13.3%, and Northern Dynasty Minerals (NAK), up 8.5%. Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $30.76 billion and is part of the basic materials sector. The company has a P/E ratio of 8.1, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11.9% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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