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

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%. 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%. A company within the industry that increased today was Alliance Holdings GP L.P ( AHGP), up 2.8%.

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

5. Silver Wheaton Corporation ( SLW) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Silver Wheaton Corporation is down $0.27 (-0.7%) to $36.36 on average volume Thus far, 2.2 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $35.26-$36.40 after having opened the day at $35.80 as compared to the previous trading day's close of $36.63.

Silver Wheaton Corp., a mining company, together with its subsidiaries, operates as a silver streaming company worldwide. Silver Wheaton Corporation has a market cap of $13.1 billion and is part of the basic materials sector. The company has a P/E ratio of 23.8, above the S&P 500 P/E ratio of 17.7. Shares are up 27.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Silver Wheaton Corporation 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Silver Wheaton Corporation Ratings Report now.

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4. As of noon trading, Goldcorp ( GG) is down $0.14 (-0.4%) to $39.00 on average volume Thus far, 3.7 million shares of Goldcorp exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $37.96-$39.00 after having opened the day at $38.26 as compared to the previous trading day's close of $39.14.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties. It primarily explores gold, silver, copper, lead, and zinc. Goldcorp has a market cap of $33.3 billion and is part of the basic materials sector. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are down 7.3% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Goldcorp as a hold. 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 and reasonable 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 disappointing return on equity. Get the full Goldcorp Ratings Report now.

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3. As of noon trading, Cliffs Natural Resources ( CLF) is down $0.86 (-2.9%) to $29.14 on average volume Thus far, 4.9 million shares of Cliffs Natural Resources exchanged hands as compared to its average daily volume of 8.9 million shares. The stock has ranged in price between $28.33-$29.78 after having opened the day at $29.61 as compared to the previous trading day's close of $30.01.

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. Cliffs Natural Resources has a market cap of $4.4 billion and is part of the basic materials sector. The company has a P/E ratio of 4.8, below the S&P 500 P/E ratio of 17.7. Shares are down 50.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Cliffs Natural Resources a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Cliffs Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. Get the full Cliffs Natural Resources Ratings Report now.

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2. As of noon trading, Newmont Mining Corporation ( NEM) is down $0.38 (-0.8%) to $46.62 on average volume Thus far, 2.7 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $45.90-$46.79 after having opened the day at $46.10 as compared to the previous trading day's close of $47.00.

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 $23.3 billion and is part of the basic materials sector. The company has a P/E ratio of 110.2, above the S&P 500 P/E ratio of 17.7. Shares are down 21.1% year to date as of the close of trading on Tuesday. Currently there are 7 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.

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1. As of noon trading, Freeport-McMoRan Copper & Gold ( FCX) is down $0.39 (-1.0%) to $38.10 on average volume Thus far, 5.8 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 $37.58-$38.33 after having opened the day at $37.75 as compared to the previous trading day's close of $38.49.

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 $36.9 billion and is part of the basic materials sector. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Tuesday. Currently there are 15 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, increase in stock price during the past year, 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.

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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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