5 Stocks Pushing The Metals & Mining Industry Lower

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 5 stocks pushing the industry lower today:

5. POSCO ( PKX) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, POSCO is down $0.70 (-0.9%) to $75.60 on light volume Thus far, 55,813 shares of POSCO exchanged hands as compared to its average daily volume of 176,500 shares. The stock has ranged in price between $75.58-$76.27 after having opened the day at $76.06 as compared to the previous trading day's close of $76.30.

POSCO engages in the manufacture and sale of steel products in Korea and internationally. POSCO has a market cap of $23.9 billion and is part of the basic materials sector. The company has a P/E ratio of 6.3, below the S&P 500 P/E ratio of 17.7. Shares are down 5.6% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates POSCO as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations 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, deteriorating net income and poor profit margins. Get the full POSCO Ratings Report now.

4. As of noon trading, Anglogold Ashanti ( AU) is down $1.25 (-3.6%) to $33.70 on average volume Thus far, 1.1 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $32.95-$33.75 after having opened the day at $33.11 as compared to the previous trading day's close of $34.95.

AngloGold Ashanti Limited primarily engages in the exploration and production of gold. It also produces by-products, such as silver, uranium oxide, and sulfuric acid. Anglogold Ashanti has a market cap of $13.1 billion and is part of the basic materials sector. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are down 19.8% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Anglogold Ashanti a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Anglogold Ashanti as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and unimpressive growth in net income. Get the full Anglogold Ashanti Ratings Report now.

3. As of noon trading, Southern Copper Corporation ( SCCO) is down $0.27 (-0.8%) to $34.89 on light volume Thus far, 508,420 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $34.76-$35.47 after having opened the day at $35.45 as compared to the previous trading day's close of $35.16.

Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Southern Copper Corporation has a market cap of $29.9 billion and is part of the basic materials sector. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 17.1% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Southern Copper Corporation a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Southern Copper Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Southern Copper Corporation Ratings Report now.

2. As of noon trading, ArcelorMittal ( MT) is down $0.22 (-1.4%) to $15.15 on light volume Thus far, 1.2 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $15.10-$15.54 after having opened the day at $15.37 as compared to the previous trading day's close of $15.37.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. ArcelorMittal has a market cap of $24.5 billion and is part of the basic materials sector. The company has a P/E ratio of 17.6, below the S&P 500 P/E ratio of 17.7. Shares are down 15.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. 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, poor profit margins and weak operating cash flow. Get the full ArcelorMittal Ratings Report now.

1. As of noon trading, Freeport-McMoRan Copper & Gold ( FCX) is down $0.37 (-0.9%) to $38.92 on light volume Thus far, 4.4 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 15.4 million shares. The stock has ranged in price between $38.41-$39.45 after having opened the day at $39.21 as compared to the previous trading day's close of $39.29.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $38.3 billion and is part of the basic materials sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Freeport-McMoRan Copper & Gold 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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