5 Stocks Pushing The Metals & Mining Industry Lower
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 modelTwo 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 5 stocks pushing the industry lower today:5. Franco-Nevada (FNV) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Franco-Nevada is down $0.88 (-1.6%) to $55.40 on light volume Thus far, 96,700 shares of Franco-Nevada exchanged hands as compared to its average daily volume of 308,200 shares. The stock has ranged in price between $55.33-$56.67 after having opened the day at $56.65 as compared to the previous trading day's close of $56.28. Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, South Africa, and Mexico. The company has interests in platinum group metals, oil and gas, and other resource properties. Franco-Nevada has a market cap of $8.2 billion and is part of the basic materials sector. The company has a P/E ratio of 562.2, above the S&P 500 P/E ratio of 17.7. Shares are up 47.8% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Franco-Nevada a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Franco-Nevada as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Franco-Nevada Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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