3 Stocks Pulling The Metals & Mining Industry Downward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 122 points (-0.7%) at 17,326 as of Friday, Nov. 13, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,130 issues advancing vs. 1,809 declining with 163 unchanged.
The Metals & Mining industry currently sits up 0.1% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the industry include
Companhia Siderurgica Nacional
(
), down 6.7%, and
(
), down 2.8%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Teck Resources is down $0.16 (-3.4%) to $4.56 on light volume. Thus far, 2.8 million shares of Teck Resources exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $4.51-$4.77 after having opened the day at $4.74 as compared to the previous trading day's close of $4.72.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products include copper, including copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates. Teck Resources has a market cap of $2.7 billion and is part of the basic materials sector. Shares are down 65.4% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Teck Resources a buy, 4 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Teck Resources
as a
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
2. As of noon trading,
(
) is down $0.11 (-0.4%) to $26.07 on light volume. Thus far, 593,342 shares of Southern Copper exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $25.88-$26.33 after having opened the day at $26.09 as compared to the previous trading day's close of $26.18.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Southern Copper has a market cap of $20.9 billion and is part of the basic materials sector. Shares are down 7.2% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Southern Copper a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Southern Copper
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and weak operating cash flow. Get the full
Southern Copper Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is down $0.10 (-1.3%) to $7.45 on light volume. Thus far, 4.1 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 20.6 million shares. The stock has ranged in price between $7.37-$7.56 after having opened the day at $7.49 as compared to the previous trading day's close of $7.55.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. Barrick Gold has a market cap of $8.5 billion and is part of the basic materials sector. Shares are down 29.8% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts that rate Barrick Gold a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Barrick Gold
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).