Freeport-McMoRan Copper & Gold (FCX): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Freeport-McMoRan Copper & Gold (FCX) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.8%. By the end of trading, Freeport-McMoRan Copper & Gold fell 49 cents (-1.4%) to $35.04 on light volume. Throughout the day, 13.6 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 19.1 million shares. The stock ranged in price between $34.87-$35.64 after having opened the day at $35.59 as compared to the previous trading day's close of $35.53. Other companies within the Metals & Mining industry that declined today were: Cardero Resources Corporation (CDY), down 9.9%, Almaden Minerals (AAU), down 9.1%, SilverCrest Mines (SVLC), down 8.4%, and Sandstorm Gold (SAND), down 8.4%.

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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 $33.83 billion and is part of the basic materials sector. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

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For more information on Freeport-McMoRan Copper & Gold click any of the following:

• Freeport-McMoRan Copper & Gold Stock Price

• Freeport-McMoRan Copper & Gold Analyst Ratings

• Freeport-McMoRan Copper & Gold Key Stats & Profile

• Freeport-McMoRan Copper & Gold Earnings

• Freeport-McMoRan Copper & Gold Ratio Comparison

• Freeport-McMoRan Copper & Gold Growth Rates

• Freeport-McMoRan Copper & Gold Balance Sheet

• Freeport-McMoRan Copper & Gold Cash Flow

• Freeport-McMoRan Copper & Gold Income Statement