Morning Research: Freeport-McMoRan Copper & Gold, Rio Tinto, Southern Copper, and Sterlite Industries

Morning Research: Freeport-McMoRan Copper & Gold, Rio Tinto, Southern Copper,
                           and Sterlite Industries

Editor Note: For more information about this release, please scroll to bottom.

PR Newswire

LONDON, June 21, 2013

LONDON, June 21, 2013 /PRNewswire/ --

Shares in copper and other industrial metals and mining companies ended mostly
lower yesterday, tracking losses in the broader market. The major movers
included Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Rio Tinto Plc (ADR)
(NYSE: RIO), Southern Copper Corp. (NYSE: SCCO), and Sterlite Industries
(India) Limited (ADR) (NYSE: SLT). AAAResearchReports.com has released full
comprehensive research on FCX, RIO, SCCO, and SLT. These free technical
analyses can be downloaded by signing up at

http://www.aaaresearchreports.com/register/ 

Shares in Freeport-McMoRan Copper & Gold Inc. saw a sharp decline on Thursday,
tracking losses in the broader market. The company's shares ended the day at
$27.72, down 5.04%, after trading between $27.52 and $28.55. A total of 30.76
million shares were traded, which is well above the daily average volume of
18.85 million. Freeport-McMoRan's shares have fallen over 6.50% in the last
three trading sessions. Additionally, the stock is currently trading near its
52-week low of $27.24. Download free report on FCX upon registration at:

http://www.AAAResearchReports.com/FCX062113.pdf

Rio Tinto Plc's stock plunged in yesterday's session, extending its losses
from previous trading days. The company's shares hit a 52-week low of $41.27
before ending the day 3.99% lower at $41.67 on a total of 8.45 million shares
traded. The company's shares registered a trading volume of 8.4 million in
yesterday's session, which is more than double their daily average volume of
4.05 million. Rio Tinto's shares have tumbled by 5.10% in the last three
trading sessions. In the last three months, the stock has declined by 12.26%,
thus underperforming the S&P 500. RIO technical report can be accessed for
free by signing up at:

http://www.AAAResearchReports.com/RIO062113.pdf

Shares in Southern Copper Corp. also hit a 52-week low on Thursday as the
broader market slumped. The company's shares fell to a 52-week low of $27.90
before finishing the day at $28.26, down 2.32%. It also saw volume turnover of
2.18 million shares, which is above the daily average volume of 1.79 million.
Southern Copper's shares have decreased by over 5.30% in the last three
trading sessions. Furthermore, the stock is currently trading at par with its
50-day moving average but is still below its 200-day moving average. Its MACD
is also trading below the signal line and the zero-line. The free report on
SCCO can be downloaded by signing up now at:

http://www.AAAResearchReports.com/SCCO062113.pdf

Sterlite Industries (India) Limited was one of the worst performers in the
basic materials sector on Thursday. The company's shares hit a 52-week low of
$5.40 before closing the day 5.90% lower at $5.42. A total of 665,702 shares
were traded, which is above the daily average volume of 556,938. In the last
three months, the stock has fallen over 21.10%, thus underperforming the S&P
500. Sterlite's shares are trading below their 50-day and 200-day moving
averages. Moreover, the stock's MACD is also trading below the signal line and
the zero-line. A free report on SLT can be accessed by registering at:

http://www.AAAResearchReports.com/SLT062113.pdf

----

EDITOR NOTES:

1.This is not company news. We are an independent source and our views do
    not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
    basis and reviewed by a CFA. However, we are only human and are prone to
    make mistakes. If you notice any errors or omissions, please notify us
    below.
3.This information is submitted as a net-positive to companies mentioned, to
    increase awareness for mentioned companies to our subscriber base and the
    investing public.
4.If you wish to have your company covered in more detail by our team, or
    wish to learn more about our services, please contact us at
    pubco@EquityNewsNetwork.com.
5.For any urgent concerns or inquiries, please contact us at
    compliance@EquityNewsNetwork.com.
6.Are you a public company? Would you like to see similar coverage on your
    company? Send us a full investors' package to
    research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.

SOURCE AAA Research Reports

Contact: Contact: AAAresearchreports.com Phone #: +1-(646)-396-9126
 
Press spacebar to pause and continue. Press esc to stop.