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 ( 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 4.6%. By the end of trading, Freeport-McMoRan Copper & Gold rose $0.59 (2.1%) to $29.15 on average volume. Throughout the day, 17,062,280 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 17,734,900 shares. The stock ranged in a price between $28.82-$29.37 after having opened the day at $29.19 as compared to the previous trading day's close of $28.56. Other companies within the Metals & Mining industry that increased today were: USEC ( USU), up 153.7%, Crosshair Energy ( CXZ), up 31.8%, Jaguar Mining ( JAG), up 28.7% and International Tower Hill Mines ( THM), up 27.3%.

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 $26.8 billion and is part of the basic materials sector. Shares are down 16.5% year to date as of the close of trading on Friday. Currently there are 11 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 good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself.

On the negative front, Atlatsa Resources ( ATL), down 12.3%, Cardero Resources Corporation ( CDY), down 9.2%, Ossen Innovation ( OSN), down 7.9% and China Gengsheng Minerals ( CHGS), down 7.3% , were all laggards within the metals & mining industry with Walter Energy ( WLT) 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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