Skip to main content

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



) 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:

Golden Star Resources



), down 8.5%,

Ossen Innovation



), down 7.9%,

Alderon Iron Ore



TheStreet Recommends

), down 7.6% and

Prospect Global Resources



), down 7.0%.

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

as a


. 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.

On the positive front,

Polymet Mining



), up 17.1%,

Timberline Resources Corporation



), up 9.4%,

Minco Gold Corporation



), up 6.2% and

Insteel Industries



), up 6.0% , were all gainers within the metals & mining industry with

AK Steel Holding Corporation



) 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



) while those bearish on the metals & mining industry could consider

PowerShares DB Base Metals Sht ETN




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