NEW YORK (TheStreet) -- Shares of Goldcorp. Inc. (GG) are down by 5.85% to $19.48 in mid-morning trading on Friday, as stocks related to the gold and mining sectors fall today as the price of the precious metal slips below $1,200 per ounce.

Gold for April delivery is lower by 1.93% to $1,173.10 per ounce on the COMEX this morning.

The price of gold is being driven into the red today on better than expected jobs data, which could raise support for the Fed's case to increase interest rates later on this year.

The Labor Department said today that in February employers added 295,000 jobs to payroll and the unemployment rate dropped to 5.5%.

Economists polled by the Wall Street Journal were expecting payroll to rise by 240,000 last month.

"This is not good for gold. This add fuel to the fire for the idea that the Fed will raise rates sooner rather than later," broker Bob Haberkorn of RJO Futures told the Journal.

When interest rates rise gold will struggle to compete with yield-bearing investments as it pays its holders nothing, the Journal noted.

Separately, TheStreet Ratings team rates GOLDCORP INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate GOLDCORP INC (GG) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 120.0% when compared to the same quarter one year ago, falling from -$1,089.00 million to -$2,396.00 million.
• The share price of GOLDCORP INC has not done very well: it is down 19.81% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
• Net operating cash flow has decreased to $274.00 million or 10.74% when compared to the same quarter last year. Despite a decrease in cash flow GOLDCORP INC is still fairing well by exceeding its industry average cash flow growth rate of -57.24%.
• The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Metals & Mining industry and the overall market, GOLDCORP INC's return on equity significantly trails that of both the industry average and the S&P 500.
• GG, with its decline in revenue, underperformed when compared the industry average of 2.5%. Since the same quarter one year prior, revenues fell by 13.9%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
• You can view the full analysis from the report here: GG Ratings Report