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.
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Freeport-McMoRan Copper & Gold fell $0.47 (-1.3%) to $35.32 on average volume. Throughout the day, 10,677,928 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 11,669,900 shares. The stock ranged in price between $35.05-$35.45 after having opened the day at $35.11 as compared to the previous trading day's close of $35.79. Other companies within the Metals & Mining industry that declined today were:
), down 8.5%,
), down 7.9%,
), down 7.6% and
), down 7.0%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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 $37.5 billion and is part of the basic materials sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 5.6% 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 4 rate it a hold.
TheStreet Ratings rates
Freeport-McMoRan Copper & Gold
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Freeport-McMoRan Copper & Gold Ratings Report.
On the positive front,
), up 17.1%,
), up 9.4%,
), up 6.2% and
), up 6.0% , 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
- Find other investment ideas from our top rated ETFs lists.