All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 140 points (-0.9%) at 16,292 as of Wednesday, Feb. 24, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 781 issues advancing vs. 2,154 declining with 147 unchanged.

The Basic Materials sector currently sits down 0.8% versus the S&P 500, which is down 1.1%. Top gainers within the sector include

Encana

(

ECA

), up 20.4%,

HollyFrontier

(

HFC

), up 6.9%,

Marathon Petroleum

(

MPC

), up 3.0% and

Valero Energy

(

VLO

), up 2.4%. On the negative front, top decliners within the sector include

Petroleo Brasileiro SA Petrobras

(

PBR.A

), down 4.1%,

China Petroleum & Chemical

(

SNP

), down 3.0%,

Southern Copper

(

SCCO

), down 2.9%,

BP

(

BP

), down 2.5% and

ConocoPhillips

(

COP

), down 1.8%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3.

Goldcorp

(

GG

) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Goldcorp is up $0.79 (5.1%) to $16.22 on heavy volume. Thus far, 9.0 million shares of Goldcorp exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $15.97-$16.50 after having opened the day at $16.06 as compared to the previous trading day's close of $15.43.

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Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits. Goldcorp has a market cap of $12.6 billion and is part of the metals & mining industry. Shares are up 33.5% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Goldcorp a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Goldcorp

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full

Goldcorp Ratings Report

now.

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2. As of noon trading,

Newmont Mining

(

NEM

) is up $0.84 (3.3%) to $26.22 on average volume. Thus far, 6.5 million shares of Newmont Mining exchanged hands as compared to its average daily volume of 9.8 million shares. The stock has ranged in price between $25.76-$26.40 after having opened the day at $25.93 as compared to the previous trading day's close of $25.39.

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Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company's operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand. Newmont Mining has a market cap of $13.3 billion and is part of the metals & mining industry. Shares are up 41.1% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Newmont Mining a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Newmont Mining

as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. Get the full

Newmont Mining Ratings Report

now.

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1. As of noon trading,

Barrick Gold

(

ABX

) is up $0.57 (4.2%) to $14.11 on heavy volume. Thus far, 18.2 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 21.3 million shares. The stock has ranged in price between $13.89-$14.45 after having opened the day at $13.92 as compared to the previous trading day's close of $13.54.

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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 $14.9 billion and is part of the metals & mining industry. Shares are up 83.5% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Barrick Gold a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Barrick Gold

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and disappointing return on equity. Get the full

Barrick Gold 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 basic materials sector could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).