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 13.03

-0.24 -1.81%
Volume: 32,012,904
Track AA

CDE 21.50

-1.24 -5.45%
Volume: 3,822,421
Track CDE

CLF 42.00

-2.15 -4.87%
Volume: 5,667,574
Track CLF

FCX 80.07

-3.73 -4.45%
Volume: 15,958,151
Track FCX

PCU 34.05

-1.11 -3.16%
Volume: 3,623,826
Track PCU

SSRI 23.45

-0.52 -2.17%
Volume: 1,559,202
Track SSRI

TC 11.68

-0.30 -2.50%
Volume: 1,158,661
Track TC

VALE 28.29

-0.60 -2.08%
Volume: 17,571,404
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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