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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 9 points (-0.1%) at 12,786 as of Tuesday, Nov. 20, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,471 issues advancing vs. 1,424 declining with 128 unchanged.

The Metals & Mining industry currently sits down 0.3% versus the S&P 500, which is up 0.0%.

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 $0.38 (1.0%) to $38.50 on average volume Thus far, 759,714 shares of Tenaris exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $37.98-$38.61 after having opened the day at $38.14 as compared to the previous trading day's close of $38.11.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $22.1 billion and is part of the basic materials sector. The company has a P/E ratio of 33.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Monday. 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Tenaris Ratings Report now.

3. As of noon trading, Southern Copper Corporation ( SCCO) is up $0.25 (0.7%) to $35.03 on light volume Thus far, 565,361 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $34.47-$35.04 after having opened the day at $34.71 as compared to the previous trading day's close of $34.78.

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 $28.5 billion and is part of the basic materials sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 11.6% year to date as of the close of trading on Monday. 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, Kinross Gold Corporation ( KGC) is up $0.10 (1.0%) to $9.72 on light volume Thus far, 2.1 million shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 10.2 million shares. The stock has ranged in price between $9.50-$9.73 after having opened the day at $9.57 as compared to the previous trading day's close of $9.62.

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 $10.8 billion and is part of the basic materials sector. The company has a P/E ratio of -4.6, below the S&P 500 P/E ratio of 17.7. Shares are down 16.6% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Kinross Gold Corporation a buy, 1 analyst rates it a sell, and 5 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 disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Kinross Gold Corporation Ratings Report now.

1. As of noon trading, Freeport-McMoRan Copper & Gold ( FCX) is up $0.46 (1.2%) to $38.74 on average volume Thus far, 6.0 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 15.5 million shares. The stock has ranged in price between $37.77-$38.82 after having opened the day at $37.97 as compared to the previous trading day's close of $38.28.

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 $34.9 billion and is part of the basic materials sector. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are unchanged year to date as of the close of trading on Monday. 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 and notable return on equity. 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.

null

More from Markets

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists