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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Metals & Mining industry currently sits down 0.7% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Newmont Mining Corporation (NEM), down 2.1%, Goldcorp (GG), down 1.5% and Freeport-McMoRan Copper & Gold (FCX), down 0.8%.

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

4. Royal Gold (RGLD) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Royal Gold is up $1.94 (2.4%) to $82.70 on light volume Thus far, 312,906 shares of Royal Gold exchanged hands as compared to its average daily volume of 943,800 shares. The stock has ranged in price between $80.99-$83.19 after having opened the day at $81.27 as compared to the previous trading day's close of $80.76.

Royal Gold, Inc., together with its subsidiaries, engages in the acquisition and management of precious metals royalties and similar production based interests. Royal Gold has a market cap of $5.4 billion and is part of the basic materials sector. The company has a P/E ratio of 51.8, above the S&P 500 P/E ratio of 17.7. Shares are up 19.8% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Royal Gold a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Royal Gold as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Royal Gold Ratings Report now.

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