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Upgrades & Downgrades

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Saturday, March 25th: Bob Chapman, International Forecaster




Fitch raises Freeport McMoRan rating on debt plans
"Fitch Ratings on Friday raised its ratings for Freeport McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research), citing the copper producer's expected debt reduction efforts." More | October 26

Citigroup raises Barrick, Freeport price targets
"Citigroup analyst John Hill said he now pegged the share target of the world's largest gold producer Barrick at $48 per share, up from his previous estimate of $43 a share. Hill also raised Freeport's price target to $122 per share from $120 a share." More | October 08

Prudential downgrades AngloGold Ashanti
"The brokerage has a $50 price target on the company's stock." More | May 09

Fitch-Freeport McMoRan outlook positive, was stable
"Fitch Ratings on Tuesday raised its rating outlook on Freeport McMoRan Copper & Gold (FCX.N: Quote, Profile , Research) to positive from stable, citing a $5.76 billion equity offering being used to pay down debt." More | April 10

JP Morgan raises Freeport-McMoRan
"J.P. Morgan Securities said its positive bias on the company is based on its global scale, strong production growth, earnings leverage to copper prices and excellent management team." More | March 29

Moody's ups Freeport-McMoran rating on debt effort
"Moody's Investors Service on Tuesday raised its ratings for Freeport-McMoran Copper & Gold Inc. (FCX.N: Quote, Profile , Research), citing the copper producer's efforts to reduce its debt following its acquisition of Phelps Dodge Corp." More | March 27

Gold miner Newmont's stock slips after downgrade
"Shares in Newmont Mining Corp. (NEM.N: Quote, Profile, Research), the world's second-largest gold producer, slipped on Tuesday, after an investment bank lowered its investment rating, citing "lackluster performance" and lack of production growth." More | March 27

Bear Stearns upgrades Freeport-McMoRan
"The brokerage, which has a price target of $80 on the stock, said the company's shares represent a compelling value given the diverse asset base, strong management team and attractive growth prospects." More | March 19

J.P. Morgan downgrades three miners, upgrades one
It downgraded AngloGold to underweight from neutral More | March 12

Deutsche Bank raises Freeport-McMoRan
"Deutsche Bank said the acquisition of Phelps Dodge Corp. (PD.N: Quote, Profile , Research) makes Freeport-McMoRan the largest publicly-traded copper company and the investment of choice in copper." More | March 02

Credit Suisse upgrades Barrick Gold
"Credit Suisse upgraded Barrick Gold Corp. (ABX.N: Quote, Profile , Research) and Freeport-McMoRan Copper & Gold Inc. (FCX.N: Quote, Profile , Research), as it expects recent inventory builds to stabilize or fall and metal prices to remain strong." More | February 27

UBS cuts Pan American Silver to neutral
UBS downgraded the mining companies Pan American Silver Corp. (PAA.TO: Quote, Profile , Research) and Northgate Minerals Corp. (NGX.TO: Quote, Profile , Research) to "neutral" from "buy." More | January 31

Newmont Mining rating, price target lowered at Prudential
"Newmont Mining was downgraded to underweight from neutral weight at Prudential, which cited weak earnings power even at optimistic assumptions for metals prices. Analyst John Tumazos also lowered his stock price target to $40 from $50." More | January 08

Silver Standard Resources "neutral," target price raised
"Analysts at UBS maintain their "neutral" rating on Silver Standard Resources (ticker: SSRI). The target price has been raised from $33 to $34." More | December 12

Citigroup cuts Barrick target
"Citigroup cut its Barrick Gold Corp. (ABX.TO: Quote, Profile , Research) (ABX.N: Quote, Profile , Research) stock target to $40 from $44 on Friday and trimmed earnings estimates, but kept a "buy" rating to reflect its positive sector and company outlook." More | December 08

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