4 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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 9 points (-0.1%) at 14,437 as of Tuesday, March 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,094 issues advancing vs. 1,829 declining with 130 unchanged.The Metals & Mining industry currently sits up 0.6% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Iamgold (IAG), up 6.4%, Eldorado Gold (EGO), up 3.0%, Goldcorp (GG), up 2.8%, Franco-Nevada (FNV), up 2.5% and Agnico-Eagle Mines (AEM), up 2.3%.TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:4. US Silica Holdings (SLCA) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, US Silica Holdings is down $2.76 (-10.4%) to $23.77 on heavy volume Thus far, 1.2 million shares of US Silica Holdings exchanged hands as compared to its average daily volume of 510,300 shares. The stock has ranged in price between $23.22-$25.65 after having opened the day at $25.63 as compared to the previous trading day's close of $26.53. U.S. Silica Holdings, Inc., together with its subsidiaries, engages in the mining, processing, and sale of commercial silica in the United States. It operates in two segments, Oil & Gas Proppants and Industrial & Specialty Products. US Silica Holdings has a market cap of $1.4 billion and is part of the basic materials sector. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7. Shares are up 58.6% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate US Silica Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.TheStreet Ratings rates US Silica Holdings as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full US Silica Holdings Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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