5 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading up 51 points (0.4%) at 13,835 as of Tuesday, Feb. 26, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,532 issues advancing vs. 1,325 declining with 146 unchanged.

The Metals & Mining industry currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the industry include Goldcorp ( GG), up 2.1%, Barrick Gold Corporation ( ABX), up 1.6%, Newmont Mining Corporation ( NEM), up 0.9% and Tenaris ( TS), up 1.3%.

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

5. Randgold Resources ( GOLD) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Randgold Resources is up $2.26 (2.7%) to $84.90 on heavy volume Thus far, 436,286 shares of Randgold Resources exchanged hands as compared to its average daily volume of 497,800 shares. The stock has ranged in price between $82.88-$85.08 after having opened the day at $83.43 as compared to the previous trading day's close of $82.64.

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 $7.5 billion and is part of the basic materials sector. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. Shares are down 17.5% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Randgold Resources a buy, no analysts rate it a sell, and 3 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Randgold Resources Ratings Report now.

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