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 2.6%. By the end of trading, Freeport-McMoRan Copper & Gold fell $0.39 (-1.2%) to $31.69 on light volume. Throughout the day, 8,554,496 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 12,339,600 shares. The stock ranged in price between $31.64-$32.33 after having opened the day at $32.27 as compared to the previous trading day's close of $32.08. Other companies within the Metals & Mining industry that declined today were:
), down 14.4%,
), down 12.0%,
), down 11.2% and
), down 11.2%.
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Freeport-McMoRan Copper & Gold Inc., a natural resource company, is engaged in the acquisition of mineral assets, and oil and natural gas resources. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan Copper & Gold has a market cap of $32.8 billion and is part of the basic materials sector. Shares are down 15.0% 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
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. 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.
- You can view the full Freeport-McMoRan Copper & Gold Ratings Report.
On the positive front,
), up 6.2%,
), up 3.1%,
), up 3.1% and
), up 2.8%.
- Use our metals & mining section to find industry-relevant news.
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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
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