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 12.89

+0.00 +0.00%
Volume: 19,760,727
Track AA

CDE 22.20

-0.35 -1.55%
Volume: 3,740,768
Track CDE

CLF 36.18

-0.49 -1.34%
Volume: 3,106,294
Track CLF

FCX 79.56

+0.06 +0.08%
Volume: 13,426,404
Track FCX

PCU 33.55

-0.40 -1.18%
Volume: 2,314,224
Track PCU

SSRI 19.12

-0.69 -3.48%
Volume: 1,959,839
Track SSRI

TC 11.83

+0.82 +7.45%
Volume: 3,375,988
Track TC

VALE 27.49

-0.06 -0.22%
Volume: 20,164,390
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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