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5 Metals & Mining Stocks Pushing The Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 15,618 as of Friday, Aug. 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,354 issues advancing vs. 1,554 declining with 118 unchanged.

The Metals & Mining industry currently sits down 0.5% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Turquoise Hill Resources ( TRQ), up 8.7%, and Barrick Gold Corporation ( ABX), up 1.4%. On the negative front, top decliners within the industry include Nucor ( NUE), down 0.8%, Goldcorp ( GG), down 0.6% and Tenaris ( TS), down 0.6%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. POSCO ( PKX) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, POSCO is up $1.50 (2.1%) to $74.47 on average volume. Thus far, 109,271 shares of POSCO exchanged hands as compared to its average daily volume of 203,500 shares. The stock has ranged in price between $73.06-$74.55 after having opened the day at $73.73 as compared to the previous trading day's close of $72.97.

POSCO, together with its subsidiaries, primarily manufactures and sells integrated steel products in South Korea. It operates through four segments: Steel, Trading, Construction, and Others. POSCO has a market cap of $22.1 billion and is part of the basic materials sector. Shares are down 12.7% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate POSCO a buy, no analysts rate it a sell, and none rate it a hold.

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

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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