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

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 lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 2.5%. By the end of trading, Freeport-McMoRan Copper & Gold fell $0.57 (-1.7%) to $33.17 on average volume. Throughout the day, 11,078,297 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 10,647,200 shares. The stock ranged in price between $33.08-$34.10 after having opened the day at $33.58 as compared to the previous trading day's close of $33.74. Other companies within the Metals & Mining industry that declined today were: Great Panther Silver (GPL), down 12.9%, USEC (USU), down 10.9%, Mines Management (MGN), down 9.9% and Golden Star Resources (GSS), down 9.8%.

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 $35.0 billion and is part of the basic materials sector. Shares are down 10.6% year to date as of the close of trading on Tuesday. 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 positive front, Avino Silver & Gold Mines (ASM), up 5.3%, China Gengsheng Minerals (CHGS), up 4.8%, China Precision Steel (CPSL), up 4.0% and Arch Coal (ACI), up 3.3% , were all gainers within the metals & mining industry with Alcoa (AA) being today's featured metals & mining industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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