4 Stocks Pushing The Metals & Mining Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Metals & Mining industry currently sits down 0.7% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Vale ( VALE), up 0.9%.

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

4. Tenaris ( TS) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Tenaris is up $0.30 (0.8%) to $36.92 on heavy volume Thus far, 1.7 million shares of Tenaris exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $36.01-$37.56 after having opened the day at $36.02 as compared to the previous trading day's close of $36.62.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $22.4 billion and is part of the basic materials sector. The company has a P/E ratio of 33.5, above the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Tenaris a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Tenaris Ratings Report now.

3. As of noon trading, Kinross Gold Corporation ( KGC) is up $0.49 (5.2%) to $9.88 on heavy volume Thus far, 13.0 million shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 9.5 million shares. The stock has ranged in price between $9.74-$9.98 after having opened the day at $9.82 as compared to the previous trading day's close of $9.39.

Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It is also involved in the exploration and acquisition of gold bearing properties. Kinross Gold Corporation has a market cap of $10.7 billion and is part of the basic materials sector. The company has a P/E ratio of -4.5, below the S&P 500 P/E ratio of 17.7. Shares are down 17.9% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Kinross Gold Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Kinross Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Kinross Gold Corporation Ratings Report now.

2. As of noon trading, Newmont Mining Corporation ( NEM) is up $0.70 (1.4%) to $49.44 on average volume Thus far, 2.0 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $48.23-$49.53 after having opened the day at $48.59 as compared to the previous trading day's close of $48.74.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico. Newmont Mining Corporation has a market cap of $23.8 billion and is part of the basic materials sector. The company has a P/E ratio of 112.8, above the S&P 500 P/E ratio of 17.7. Shares are down 19.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Newmont Mining Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Newmont Mining Corporation Ratings Report now.

1. As of noon trading, Barrick Gold Corporation ( ABX) is up $0.37 (1.0%) to $36.63 on average volume Thus far, 3.5 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $35.82-$36.80 after having opened the day at $36.29 as compared to the previous trading day's close of $36.26.

Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 26 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa. Barrick Gold Corporation has a market cap of $35.6 billion and is part of the basic materials sector. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are down 21.4% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Barrick Gold Corporation Ratings Report now.

If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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