3 Stocks Pushing The Metals & Mining Industry Lower
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 8 points (0.0%) at 18,524 as of Monday, July 18, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,660 issues advancing vs. 1,244 declining with 151 unchanged.
The Metals & Mining industry currently sits down 0.5% versus the S&P 500, which is up 0.1%.
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, Anglogold Ashanti is down $0.52 (-2.5%) to $20.48 on light volume. Thus far, 1.7 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $20.46-$21.01 after having opened the day at $20.82 as compared to the previous trading day's close of $21.00.
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AngloGold Ashanti Limited operates as a gold mining and exploration company. The company also produces silver, uranium oxide, copper, and sulphuric acid. Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas. Anglogold Ashanti has a market cap of $8.5 billion and is part of the basic materials sector. Shares are up 195.8% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Anglogold Ashanti a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Anglogold Ashanti
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full
Anglogold Ashanti Ratings Report
now.
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2. As of noon trading,
(
) is down $0.27 (-1.9%) to $14.10 on light volume. Thus far, 2.5 million shares of Teck Resources exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $13.94-$14.24 after having opened the day at $14.16 as compared to the previous trading day's close of $14.37.
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Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; and lead concentrates. Teck Resources has a market cap of $8.3 billion and is part of the basic materials sector. Shares are up 272.3% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Teck Resources a buy, 5 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 disappointing return on equity and poor profit margins. 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.
1. As of noon trading,
(
) is down $0.16 (-1.2%) to $12.96 on light volume. Thus far, 14.0 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 43.4 million shares. The stock has ranged in price between $12.60-$12.99 after having opened the day at $12.91 as compared to the previous trading day's close of $13.11.
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.
Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $16.2 billion and is part of the basic materials sector. Shares are up 93.7% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Freeport-McMoRan a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Freeport-McMoRan
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
Freeport-McMoRan 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.
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
(
).