Credit Suisse Announces Their Top Stock Picks in the Basic Materials Sector

Wall St. Watchdog reveals information about Credit Suisse’s (NYSE:CS) top picks in the basic materials sector:

  • Freeport-McMoRan Copper & Gold (NYSE:FCX):  Rated at Outperform, with a price target of $75.  The shares recently traded at $46.97, down $0.14, or 0.3%, on the day.  They have traded in a 52-week range of $36.87 to $61.35.  Its market capitalization is $4.52 billion.  About the company: Freeport-McMoRan Copper & Gold Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.
  • Stillwater Mining (NYSE:SWC): Rated at Outperform, with a price target of $24.  The shares recently traded at $15.44, up $0.05, or 0.32%, on the day.  They have traded in a 52-week range of $12.28 to $25.90.  Its market capitalization is $1.59 billion.  About the company: Stillwater Mining Company explores for, develops, extracts, processes, and refines platinum, palladium, and associated metals from the J-M Reef located in Stillwater and the East Boulder Mine near McLeod, Montana. The Company also recycles automotive catalytic converters in its processing facility in Columbus, Montana.
  • Peabody Energy (NYSE:BTU): Rated at Outperform, with a price target of $80.  The shares recently traded at $48.67, down $0.13, or 0.27%, on the day.  They have traded in a 52-week range of $41.20 to $73.95.  Its market capitalization is $13.18 billion.  About the company: Peabody Energy Corporation mines and markets predominantly low sulfur coal, primarily for use by electric utilities. The Company also trades coal and emission allowances. Peabody owns and operates mines in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana, and Australia. The Company also a minority interest in a Venezuelan mine through a joint venture.
  • Reliance Steel & Aluminum (NYSE:RS): Rated at Outperform, with a price target of $67.  The shares recently traded at $41.47, unchanged on the day.  The shares have traded in a 52-wek range of $36.71 to $60.60.  Its market capitalization is $3.11 billion.  About the company:Reliance Steel & Aluminum Co. distributes and processes steel and aluminum. The Company’s products include carbon, alloy, stainless and specialty steel, aluminum, brass, and copper. Reliance operates processing and distribution centers throughout the United States. Reliance Steel & Aluminum operates in Spain.
  • Teck Resources (NYSE:TCK): Rated at Outperform, with no price target given.  The shares recently traded at $44.24, down $0.09, or 0.2%, on the day.  They have traded in a 52-week range of $34.38 to $65.47.  Its market capitalization is $26.14 billion.   About the company:Teck Resources Ltd. is an integrated natural resource group with activities in mining, smelting, and refining. The Company mines zinc, copper, molybdenum, gold, and metallurgical coal in the United States, Canada, Peru, and Chile. Teck also produces refined metals, specialized metal products, and other products.

Other favorably mentioned companies are the container shipping company Textainer Group Holdings (NYSE:TGH), Dow Chemical (NYSE:DOW), Rockwood Holdings (NYSE:ROC), FMC (NYSE:FMC), and Ashland (NYSE:ASH).

(Note: Data on stock ratings are sourced from Barrons.  Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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