5 Stocks Pushing The Basic Materials Sector 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 46 points (-0.4%) at 12,524 as of Thursday, Nov. 15, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 826 issues advancing vs. 2,151 declining with 91 unchanged.

The Basic Materials sector currently sits down 0.4% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include Targa Resources Partners ( NGLS), down 7.3%, Williams Partners ( WPZ), down 4.3%, Energy Transfer Equity ( ETE), down 3.2%, Yamana Gold ( AUY), down 2.3% and Kinder Morgan Energy Partners ( KMP), down 3.0%. Top gainers within the sector include Emerald Oil ( EOX), up 218.5%, Nexen ( NXY), up 1.9%, Anadarko Petroleum ( APC), up 1.1%, Ecopetrol S.A ( EC), up 1.0% and Halliburton Company ( HAL), up 1.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Iamgold ( IAG) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Iamgold is down $0.59 (-4.9%) to $11.38 on heavy volume Thus far, 2.7 million shares of Iamgold exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $11.36-$12.03 after having opened the day at $11.97 as compared to the previous trading day's close of $11.97.

IAMGOLD Corporation, a mid-tier gold mining company, engages in the exploration, development, and production of mineral resource properties. It primarily explores for gold, silver, zinc, copper, niobium, diamonds, and other metals. Iamgold has a market cap of $5.6 billion and is part of the metals & mining industry. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are down 6.2% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Iamgold a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Iamgold as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Iamgold Ratings Report now.

4. As of noon trading, Anglogold Ashanti ( AU) is down $0.76 (-2.4%) to $30.69 on average volume Thus far, 1.2 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $30.50-$31.17 after having opened the day at $30.80 as compared to the previous trading day's close of $31.45.

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 $12.6 billion and is part of the metals & mining industry. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are down 22.3% 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 feeble growth in the company's earnings per share. Get the full Anglogold Ashanti Ratings Report now.

3. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR) is down $0.34 (-1.7%) to $19.23 on average volume Thus far, 6.3 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 11.3 million shares. The stock has ranged in price between $19.15-$19.62 after having opened the day at $19.47 as compared to the previous trading day's close of $19.57.

Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. Petroleo Brasileiro SA Petrobras has a market cap of $131.0 billion and is part of the energy industry. The company has a P/E ratio of 6.5, below the S&P 500 P/E ratio of 17.7. Shares are down 18.4% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

2. As of noon trading, LyondellBasell Industries ( LYB) is down $3.64 (-7.5%) to $45.17 on average volume Thus far, 2.8 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $45.06-$46.61 after having opened the day at $46.18 as compared to the previous trading day's close of $48.81.

LyondellBasell Industries N.V. manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $28.8 billion and is part of the chemicals industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 51.5% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates LyondellBasell Industries 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 and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full LyondellBasell Industries Ratings Report now.

1. As of noon trading, Barrick Gold Corporation ( ABX) is down $0.53 (-1.6%) to $33.40 on average volume Thus far, 5.4 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 8.2 million shares. The stock has ranged in price between $33.28-$34.04 after having opened the day at $33.99 as compared to the previous trading day's close of $33.93.

Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 27 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 $35.3 billion and is part of the metals & mining industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 22.0% 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 5 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).

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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