Freeport-McMoRan Copper & Gold (FCX): Today's Featured Metals & Mining Loser
Freeport-McMoRan Copper & Gold
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day down 4.1%. By the end of trading, Freeport-McMoRan Copper & Gold fell $1.26 (-3.5%) to $34.38 on light volume. Throughout the day, 15.2 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 24.7 million shares. The stock ranged in price between $34.34-$35.29 after having opened the day at $35.03 as compared to the previous trading day's close of $35.64. Other company's within the Metals & Mining industry that declined today were:
(
), down 17.4%,
China Shen Zhou Mining & Resources Inc
(
), down 12.2%,
(
), down 10.7%, and
(
), down 10.1%.
Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, silver, and cobalt. Freeport-McMoRan Copper & Gold has a market cap of $34.26 billion and is part of the
sector. The company has a P/E ratio of six, below the average metals & mining industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 40.6% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates Freeport-McMoRan Copper as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Freeport-McMoRan Copper Ratings Report.
On the positive front,
(
), up 7.8% and
(
), up 1.6%, were all gainers within the metals & mining industry with
Thompson Creek Metals Company Inc
(
) being today's featured metals & mining industry winner.
- 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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