Deutsche Bank Issues Rating and Price Target Changes In Metals and Mining (FCX, CDE, PCU, TC)

July 6, 2009 9:28 AM EDT

Deutsche Bank made a number of rating and price target changes in the Americas Metals and Mining sector, as the firm's latest commodity revisions call for strong mark-ups, particularly in copper and nickel price forecasts.

Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) (tgt to $45 from $30), Coeur d'Alene Mines Corporation (NYSE: CDE) (tgt to $12 from $10), Southern Copper Corp. (NYSE: PCU) (tgt to $18 from $12), and MMX from Sell to Hold.

The firm downgraded Thompson Creek Metals Company Inc. (NYSE: TC) from Buy to Hold, but raised its price target to $11 from $9.

The firm also raised their price targets on a number of a stocks in the sector

Alcoa, Inc. (NYSE: AA) to $11 from $9, maintains Hold
Silver Standard Resources Inc. (Nasdaq: SSRI) to $24 from $19, maintains Hold
Vale S.A. (Nasdaq: VALE) to $18 from $13, maintains Hold

The firm also maintained their Buy rating $30 price target on Cliffs Natural Resources Inc. (NYSE: CLF).


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Stocks Mentioned

AA 13.64

+0.84 +6.56%
Volume: 49,387,098
Track AA

CDE 23.29

+0.00 +0.00%
Volume: 5,057,281
Track CDE

CLF 45.95

+0.88 +1.95%
Volume: 3,003,787
Track CLF

FCX 85.18

+1.27 +1.51%
Volume: 11,261,248
Track FCX

PCU 36.40

+1.12 +3.17%
Volume: 3,329,700
Track PCU

SSRI 24.54

+0.91 +3.85%
Volume: 2,819,136
Track SSRI

TC 12.47

+0.30 +2.47%
Volume: 1,312,042
Track TC

VALE 29.40

+0.02 +0.07%
Volume: 22,670,602
Track VALE


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Comments

silver miners
hielke on Aug 8, 2009 07:03 AM

whats the future for ssri stocks? It went douwn last days while silver went up.


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