Freeport-McMoRan Copper & Gold (FCX): Today's Featured Metals & Mining Winner
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 higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 1.7%. By the end of trading, Freeport-McMoRan Copper & Gold rose $0.99 (3.3%) to $31.35 on light volume. Throughout the day, 12,249,132 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 16,475,100 shares. The stock ranged in a price between $30.87-$31.57 after having opened the day at $30.93 as compared to the previous trading day's close of $30.36. Other companies within the Metals & Mining industry that increased today were:
(
), up 15.2%,
(
), up 8.0%,
(
TheStreet Recommends
), up 7.4% and
(
), up 7.3%.
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 $32.2 billion and is part of the basic materials sector. Shares are down 11.2% year to date as of the close of trading on Wednesday. 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
. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and poor profit margins.
- You can view the full Freeport-McMoRan Copper & Gold Ratings Report.
On the negative front,
(
), down 21.4%,
(
), down 10.1%,
(
), down 8.0% and
(
), down 7.2%.
- 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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