Freeport-McMoRan Copper & Gold (FCX): Today's Featured Metals & Mining Laggard
Freeport-McMoRan Copper & Gold
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.4%. By the end of trading, Freeport-McMoRan Copper & Gold fell $0.34 (-1.2%) to $27.34 on light volume. Throughout the day, 11,371,889 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 20,144,900 shares. The stock ranged in price between $26.95-$27.70 after having opened the day at $27.63 as compared to the previous trading day's close of $27.68. Other companies within the Metals & Mining industry that declined today were:
(
), down 50.9%,
(
), down 39.5%,
(
), down 28.7% and
(
), down 8.8%.
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 $26.3 billion and is part of the basic materials sector. Shares are down 19.1% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Freeport-McMoRan Copper & Gold
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself.
- You can view the full Freeport-McMoRan Copper & Gold Ratings Report.
On the positive front,
(
), up 16.6%,
(
), up 14.9%,
ProShares UltraPro Short 20+ Year Treasury
(
), up 10.3% and
(
), up 8.5% , were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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