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

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 lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.8%. By the end of trading, Freeport-McMoRan Copper & Gold fell $1.33 (-4.1%) to $31.08 on heavy volume. Throughout the day, 16,322,122 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 10,389,700 shares. The stock ranged in price between $31.04-$32.45 after having opened the day at $32.42 as compared to the previous trading day's close of $32.41. Other companies within the Metals & Mining industry that declined today were: James River Coal Company ( JRCC), down 19.1%, Sutor Technology Group ( SUTR), down 12.1%, China Natural Resources ( CHNR), down 9.5% and Alpha Natural Resources ( ANR), down 8.1%.

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 $33.6 billion and is part of the basic materials sector. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are down 14.1% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Minco Gold Corporation ( MGH), up 11.9%, Golden Star Resources ( GSS), up 8.2%, Timberline Resources Corporation ( TLR), up 7.7% and Avino Silver & Gold Mines ( ASM), up 7.1% , were all gainers within the metals & mining industry with Randgold Resources ( GOLD) being today's featured metals & mining industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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