Freeport-McMoRan, Molycorp and 3 Basic Materials Stocks Catching a Bid

Basic Materials shares (NYSE:XLB) are rallying strong as Dr. Copper heads higher. Here are five stocks in demand.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) and all the top copper mining stocks rise with today’s jump in copper futures: Augusta Resource (AMEX:AZC), Southern Copper (NYSE:SCCO), Cliffs Natural Resources (NYSE:CLF), HudBay Minerals Inc. (NYSE:HBM), Taseko Mines (AMEX:TGB) and Western Copper & Gold (WRN). FCX shares recently traded at $35.91, up $2.09, or 6.18%. Its market capitalization is $34.04 billion. They have traded in a 52-week range of $28.85 to $61.35. Volume today was 10,043,408 shares versus a 3-month average volume of 24,191,000 shares. The company’s trailing P/E is 6.28, while trailing earnings are $5.72 per share. Get the most recent company news and stock data here >>

Molycorp, Inc (NYSE:MCP): The announcement of a joint project with Daido Steel and Mitsubishi to produce and market “next-generation neodymium-iron-boron permanent rare earth magnets” advances Molycorp. The process utilizes a new technology that allows better magnet efficiency with less dependence on the world’s limited supply of rare earth dysprosium. The automotive and home appliance industries will be the end users. MCP shares recently traded at $30.94, up $3.96, or 14.68%. Its market capitalization is $2.60 billion. They have traded in a 52-week range of $12.10 to $79.16. Volume today was 5,346,386 shares versus a 3-month average volume of 6,672,520 shares. The company’s trailing P/E is 32.99, while trailing earnings are $0.94 per share. Get the most recent company news and stock data here >>

Alpha Natural Resources, Inc. (NYSE:ANR): ANR shares recently traded at $19.94, up $1.13, or 6.01%. They have traded in a 52-week range of $15.49 to $68.05. Volume today was 6,022,739 shares versus a 3-month average volume of 9,627,630 shares. The company’s trailing P/E is 41.80, while trailing earnings are $0.48 per share. Get the most recent company news and stock data here >>

Agilent Technologies Inc. (NYSE:A): A shares recently traded at $34.88, up $1.05, or 3.1%. They have traded in a 52-week range of $28.67 to $55.33. Volume today was 2,219,658 shares versus a 3-month average volume of 5,284,390 shares. The company’s trailing P/E is 12.24, while trailing earnings are $2.85 per share. Get the most recent company news and stock data here >>

Mosaic Co. (NYSE:MOS): MOS shares recently traded at $50.55, up $1.25, or 2.54%. They have traded in a 52-week range of $44.86 to $89.24. Volume today was 4,052,393 shares versus a 3-month average volume of 7,419,860 shares. The company’s trailing P/E is 8.26, while trailing earnings are $6.12 per share. Get the most recent company news and stock data here >>

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