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Today's Top Performers In Metals & Mining

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 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Metals & Mining industry currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Companhia Siderurgica Nacional ( SID), down 2.4%, and Freeport-McMoRan Copper & Gold ( FCX), down 1.2%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Gerdau ( GGB) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Gerdau is up $0.07 (1.0%) to $7.17 on light volume. Thus far, 1.3 million shares of Gerdau exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $7.16-$7.24 after having opened the day at $7.23 as compared to the previous trading day's close of $7.10.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $12.6 billion and is part of the basic materials sector. The company has a P/E ratio of 6.1, below the S&P 500 P/E ratio of 17.7. Shares are down 9.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Gerdau a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and disappointing return on equity. Get the full Gerdau 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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