4 Stocks Pushing The Metals & Mining Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Metals & Mining industry currently sits down 0.7% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Vale (VALE), up 0.9%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Tenaris (TS) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Tenaris is up $0.30 (0.8%) to $36.92 on heavy volume Thus far, 1.7 million shares of Tenaris exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $36.01-$37.56 after having opened the day at $36.02 as compared to the previous trading day's close of $36.62.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $22.4 billion and is part of the basic materials sector. The company has a P/E ratio of 33.5, above the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Tenaris a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Tenaris Ratings Report now.

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