3 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Metals & Mining industry currently sits down 0.4% versus the S&P 500, which is down 0.0%. A company within the industry that increased today was Alliance Holdings GP L.P ( AHGP), up 2.8%. On the negative front, top decliners within the industry include Mechel OAO ( MTL), down 3.2%, Eldorado Gold ( EGO), down 1.6%, Buenaventura Mining Company ( BVN), down 1.3% and POSCO ( PKX), down 0.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Cameco ( CCJ) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Cameco is up $0.33 (1.9%) to $17.94 on heavy volume Thus far, 1.3 million shares of Cameco exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $17.32-$18.02 after having opened the day at $17.41 as compared to the previous trading day's close of $17.61.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Cameco has a market cap of $6.9 billion and is part of the basic materials sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.4% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Cameco a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full Cameco Ratings Report now.

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2. As of noon trading, Randgold Resources ( GOLD) is up $1.64 (1.6%) to $105.57 on average volume Thus far, 346,686 shares of Randgold Resources exchanged hands as compared to its average daily volume of 658,300 shares. The stock has ranged in price between $103.10-$105.57 after having opened the day at $103.25 as compared to the previous trading day's close of $103.93.

Randgold Resources Limited, together with its subsidiaries, engages in the exploration and mining of gold deposits in west and central Africa. Randgold Resources has a market cap of $9.7 billion and is part of the basic materials sector. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Randgold Resources a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Randgold Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Randgold Resources Ratings Report now.

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1. As of noon trading, Kinross Gold Corporation ( KGC) is up $0.09 (0.9%) to $10.34 on light volume Thus far, 3.5 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 $9.87-$10.36 after having opened the day at $9.89 as compared to the previous trading day's close of $10.25.

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 $11.9 billion and is part of the basic materials sector. Shares are down 8.8% year to date as of the close of trading on Tuesday. Currently there are 12 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.

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If you are interested in one of these 3 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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