3 Stocks Dragging The Metals & Mining Industry Downward
1. As of noon trading, Cliffs Natural Resources ( CLF) is down $3.16 (-14.8%) to $18.27 on heavy volume Thus far, 32.8 million shares of Cliffs Natural Resources exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $18.06-$19.14 after having opened the day at $18.55 as compared to the previous trading day's close of $21.43. Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. Cliffs Natural Resources has a market cap of $3.1 billion and is part of the basic materials sector. Shares are down 44.4% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Cliffs Natural Resources a buy, 1 analyst rates it a sell, and 11 rate it a hold. TheStreet Ratings rates Cliffs Natural Resources as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Cliffs Natural Resources 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 If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS). A reminder about TheStreet Ratings group: 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.
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