Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) saw unusually large options trading activity on Tuesday. Stock investors bought 39,826 call options on the company, American Banking News.com reports. This represents an increase of approximately 173% compared to the average volume of 14,576 call options. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) stock opened at $31.45 in last session, and closed at $30.71, while the day range of FCX stock is $30.54-$31.62. The stock showed a neaghtive weekly performance of -8.41%.
Southern Copper Corp (NYSE:SCCO) has won a contract to build a 113mn-sol (US$40mn) road in southern Peru’s Tacna region where the company aims to expand one of its mines, a state agency said. Southern Copper Corp (NYSE:SCCO) stock opened at $28.11, in last session and closed at $27.44, by loosed -1.93%. The 52 week range was $24.50-$38.24. Company’s market capitalization is $22.87 billion.
After the Nevsun Resources (USA) (NYSEMKT:NSU) revised its copper production for the 2nd half of the year lower, the shares of Nevsun Resources have declined lately. The sixty percent owned Bisha mine of the miner in Eritrea began the commercial production of gold in February 2011 and is transitioning to the production of copper and gold this year. The company now anticipates 30 to 50 million pounds of copper in the year, 2013. However, it forecasted a production between 60 to 80 million pounds of copper in January. Nevsun Resources (USA) (NYSEMKT:NSU) stock finished the last session at $3.62. The EPS of the stock remained 0.18. Company’s market capitalization is $721.49 million.
Augusta Resource Corp. (USA) (NYSEMKT:AZC) asks shareholders to reject HudBay Minerals’ (HBM) hostile offer to buy all AZC shares it doesn’t already own, calling the offer “grossly inadequate” which fails to recognize the value of the Rosemont copper project. Augusta Resource Corp. (USA) (NYSEMKT:AZC) stock opened the session at $2.94, and closed the session at $2.94. The 52 week range of the AZC stock remained $0.45-$3.29 and the day range was $2.85-$2.96.