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HMY, ANV, BVN, GFI And NUE, Pushing Metals & Mining Industry Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.5%) at 14,495 as of Friday, March 22, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,725 issues advancing vs. 1,132 declining with 170 unchanged.

The Metals & Mining industry currently is unchanged today versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the industry include Anglogold Ashanti ( AU), down 2.4%, ArcelorMittal ( MT), down 1.3%, Barrick Gold Corporation ( ABX), down 1.0% and Consol Energy ( CNX), down 0.9%. Top gainers within the industry include Turquoise Hill Resources ( TRQ), up 2.0%, Tenaris ( TS), up 1.7% and Silver Wheaton Corporation ( SLW), up 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Harmony Gold Mining ( HMY) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Harmony Gold Mining is down $0.20 (-3.0%) to $6.42 on light volume Thus far, 772,625 shares of Harmony Gold Mining exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $6.42-$6.56 after having opened the day at $6.51 as compared to the previous trading day's close of $6.62.

Harmony Gold Mining Company Limited engages in the exploration, extraction, processing, and smelting of gold in South Africa and Papua New Guinea. Harmony Gold Mining has a market cap of $2.8 billion and is part of the basic materials sector. The company has a P/E ratio of 8.2, below the S&P 500 P/E ratio of 17.7. Shares are down 26.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Harmony Gold Mining a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Harmony Gold Mining as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Harmony Gold Mining Ratings Report now.

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