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 1.1%. By the end of trading, Freeport-McMoRan Copper & Gold rose $0.38 (1.1%) to $33.91 on light volume. Throughout the day, 8,089,731 shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 11,124,600 shares. The stock ranged in a price between $33.28-$34.14 after having opened the day at $33.51 as compared to the previous trading day's close of $33.53. Other companies within the Metals & Mining industry that increased today were: International Tower Hill Mines ( THM), up 26.0%, General Steel Holdings ( GSI), up 13.2%, Rare Element Resources ( REE), up 10.1% and Mines Management ( MGN), up 9.5%.

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 $34.1 billion and is part of the basic materials sector. Shares are down 13.0% 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 3 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 robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the negative front, USEC ( USU), down 20.9%, North American Palladium ( PAL), down 7.5%, Prospect Global Resources ( PGRX), down 5.4% and Timberline Resources Corporation ( TLR), down 5.3% , were all laggards within the metals & mining industry with Cameco ( CCJ) 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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