Freeport-McMoRan Copper & Gold (FCX): Today's Featured Metals & Mining Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Freeport-McMoRan Copper & Gold ( FCX) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 1.3%. By the end of trading, Freeport-McMoRan Copper & Gold rose $0.79 (2.6%) to $31.13 on average volume. Throughout the day, 17,539,834 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 16,603,300 shares. The stock ranged in a price between $31.13-$31.75 after having opened the day at $31.49 as compared to the previous trading day's close of $30.34. Other companies within the Metals & Mining industry that increased today were: Tasman Metals ( TAS), up 11.3%, Quest Rare Minerals ( QRM), up 11.1%, Noranda Aluminum ( NOR), up 10.6% and Quaterra Resources ( QMM), up 8.5%.
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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 $28.8 billion and is part of the basic materials sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are down 11.3% year to date as of the close of trading on Thursday. Currently there are 10 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 hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

On the negative front, Harmony Gold Mining ( HMY), down 9.6%, Aurizon Mines ( AZK), down 9.4%, Timberline Resources Corporation ( TLR), down 7.9% and China Shen Zhou Mining & Resources ( SHZ), down 5.0% , were all laggards within the metals & mining industry with Agnico Eagle Mines ( AEM) being today's metals & mining industry laggard.

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 ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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