The metals & mining industry closed the day down 0.2%. Uranium Resources Inc ( URRE), Ur-Energy Inc ( URG), Denison Mines Corporation ( DNN), and Patriot Coal Corporation ( PCX) were all winners today within the metals & mining industry with Freeport-McMoRan Copper & Gold ( FCX) being today's featured metals & mining winner. Freeport-McMoRan Copper & Gold rose 41 cents (1.2%) to $34.79 on average volume. Throughout the day, 30.4 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 22.9 million shares. 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 $33.5 billion and is part of the basic materials sector. The company has a P/E ratio of six, below the average metals & mining industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 42.7% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Freeport-McMoRan Copper as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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