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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 2.5%. By the end of trading, Freeport-McMoRan Copper & Gold rose $0.96 (3.0%) to $33.19 on average volume. Throughout the day, 11,131,437 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 10,642,900 shares. The stock ranged in a price between $32.29-$33.38 after having opened the day at $32.30 as compared to the previous trading day's close of $32.23. Other companies within the Metals & Mining industry that increased today were: Banro Corporation ( BAA), up 13.1%, Sibanye Gold Ltd ADR ( SBGL), up 10.8%, General Steel Holdings ( GSI), up 9.5% and Paramount Gold and Silver Corporation ( PZG), up 9.4%.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $33.6 billion and is part of the basic materials sector. Shares are down 14.3% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 3 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 robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

On the negative front, Timberline Resources Corporation ( TLR), down 18.8%, Alexco Resource ( AXU), down 14.1%, Prospect Global Resources ( PGRX), down 9.7% and China Natural Resources ( CHNR), down 6.6%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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