EdgeWater 11/29/2010 11:52:51 PM
News / Business

Top Copper Stock Losers (FCX, TGB, SLT)

Top Copper Stock Losers

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) dropped 2.78% to $97.92. Freeport-McMoRan Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company.

The 52-week range of the stock is $56.71-$108.51.

Taseko Mines Limited (USA) (AMEX:TGB) slid 0.88% to $4.48. Taseko Mines Limited is a Canada-based company. As of December 31, 2009, the Company's principal business activities related to the operations of the Gibraltar Copper Mine, and exploration on the surrounding properties, as well as exploration on the Company’s 100% owned Prosperity Gold- Copper Property, Harmony Gold Property and Aley Niobium Property.

The intraday range of the stock is $4.45-$4.52.

Sterlite Industries India Limited (ADR) (NYSE:SLT) ended at $14.23, 6.13% lower. Sterlite Industries (India) Limited is a non-ferrous metals and mining company. The Company is a subsidiary of Vedanta Resources plc (Vedanta). Its main subsidiaries are Hindustan Zinc Limited (HZL), Bharat Aluminium Company Limited (BALCO) and Sterlite Energy. It is engaged in copper, zinc, aluminum and commercial power generation.

The stock opened at $14.34 and was trading within the range of $14.13-$14.40. At today`s closing market price, the market capitalization of the company stands at $2.99 billion.

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