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 was unchanged today. By the end of trading, Freeport-McMoRan Copper & Gold rose $0.90 (2.8%) to $32.83 on average volume. Throughout the day, 17,395,087 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 14,396,500 shares. The stock ranged in a price between $31.90-$33.04 after having opened the day at $31.90 as compared to the previous trading day's close of $31.93. Other companies within the Metals & Mining industry that increased today were: Rare Element Resources ( REE), up 10.0%, AK Steel Holding Corporation ( AKS), up 6.7%, Mechel OAO ( MTL), up 6.5% and Sibanye Gold Ltd ADR ( SBGL), up 6.2%.

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 $33.0 billion and is part of the basic materials sector. Shares are down 6.9% year to date as of the close of trading on Tuesday. 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. 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, deteriorating net income and generally higher debt management risk.

On the negative front, Prospect Global Resources ( PGRX), down 18.0%, Crosshair Energy ( CXZ), down 14.5%, L & L Energy ( LLEN), down 14.1% and China Gengsheng Minerals ( CHGS), down 10.8% , were all laggards within the metals & mining industry with Gerdau ( GGB) 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).

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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