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Time to Look at Mining Stocks After the Rally in Alcoa Shares?

Outperformance could be followed by adjustment….

The share price rise for Alcoa contrasts greatly to Freeport, whose shares are nearly flat in the last month:

Investors looking to book profits might want to consider Freeport shares. The high 3.45% dividend yield in Freeport is appealing too, compared to 1.06% for Alcoa.

However Freeport's leverage in gold could also be a mixed blessing. The stock is certainly priced as a bargain right now, but only if gold prices start to rebound. Cautious investors may want to wait until after tapering proceeds some before taking a position in this sector. 

 

(Written by Chris Lau, a Kapitall Writer.)

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