Metalico Inc. (MEA)

[polkamatic]

Metals and Mining: Winners & Losers
Karvy Global
10/25/10 - 02:15 PM EDT
NEW YORK (TheStreet) - Among the metals and mining stocks, Massey Energy(MEE), Metalico(MEA), and Schnitzer Steel Industries(SCHN) were the top gainers, while Mechel(MTL) and Arch Coal(ACI) were the top losers last week.

Coal producer Massey Energy was among major gainers past week, up 13.1%. The stock attracted investors after the company announced strategic options such as a possible sale or a private-equity transaction. The company will report third-quarter financial results on October 26. Bloomberg analysts estimate Masssey to report sales of $821.9 million, up from $641.6 million in the year-ago quarter.

Metalico, a scrap metal recycler and fabricator of lead products, gained 7.3% last week on surging volumes. The company is scheduled to report third-quarter financial results on October 29. Bloomberg analysts estimate sales of $139.7 million, from $91.5 million recorded in the year-ago quarter, while operating profit is seen at $10.5 million, up from $7.8 million earlier. On October 25, Canaccord Genuity reassigned a buy rating to the stock with a target price of $8, indicating an upside of 69%. Meanwhile, the stock was part of our picks in mining stocks with most upside.

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