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 4.1%. By the end of trading, Freeport-McMoRan Copper & Gold rose $1.37 (4.7%) to $30.80 on heavy volume. Throughout the day, 27,803,763 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 16,840,100 shares. The stock ranged in a price between $30.07-$31.14 after having opened the day at $30.09 as compared to the previous trading day's close of $29.43. Other companies within the Metals & Mining industry that increased today were: Iamgold ( IAG), up 16.6%, China Gengsheng Minerals ( CHGS), up 14.9%, Silver Standard Resources ( SSRI), up 14.6% and Tanzanian Royalty Exploration Corporation ( TRX), up 13.9%.

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 $27.7 billion and is part of the basic materials sector. Shares are down 13.9% 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 hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and poor profit margins.

On the negative front, Sibanye Gold Ltd ADR ( SBGL), down 43.4%, Dominion Diamond ( DDC), down 17.2%, Prospect Global Resources ( PGRX), down 6.2% and Harsco Corporation ( HSC), down 4.2%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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