4 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

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 4 stocks pushing the industry lower today:

4. Turquoise Hill Resources ( TRQ) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Turquoise Hill Resources is down $0.20 (-3.1%) to $6.32 on average volume Thus far, 1.3 million shares of Turquoise Hill Resources exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $6.25-$6.52 after having opened the day at $6.50 as compared to the previous trading day's close of $6.52.

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mineral exploration, development, and production company in central Asia and Australia. Turquoise Hill Resources has a market cap of $6.7 billion and is part of the basic materials sector. Shares are down 13.0% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Turquoise Hill Resources a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Turquoise Hill Resources as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. Get the full Turquoise Hill Resources Ratings Report now.

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