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 12.99

-0.28 -2.11%
Volume: 46,762,566
Track AA

CDE 21.44

-1.30 -5.72%
Volume: 5,825,318
Track CDE

CLF 42.20

-1.95 -4.42%
Volume: 7,968,634
Track CLF

FCX 79.87

-3.93 -4.69%
Volume: 22,227,276
Track FCX

PCU 33.61

-1.55 -4.41%
Volume: 6,197,392
Track PCU

SSRI 23.62

-0.35 -1.46%
Volume: 2,312,542
Track SSRI

TC 11.63

-0.35 -2.92%
Volume: 2,003,973
Track TC

VALE 28.22

-0.67 -2.32%
Volume: 27,002,856
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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