4 Stocks Underperforming Today In The Metals & Mining Industry

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 21 points (-0.1%) at 14,492 as of Monday, March 18, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,709 declining with 121 unchanged.

The Metals & Mining industry currently sits up 0.4% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was Southern Copper Corporation ( SCCO), up 0.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. POSCO ( PKX) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, POSCO is down $0.68 (-0.9%) to $73.46 on average volume Thus far, 158,813 shares of POSCO exchanged hands as compared to its average daily volume of 231,100 shares. The stock has ranged in price between $72.50-$73.96 after having opened the day at $73.96 as compared to the previous trading day's close of $74.14.

POSCO engages in the manufacture and sale of steel products in Korea and internationally. POSCO has a market cap of $23.5 billion and is part of the basic materials sector. The company has a P/E ratio of 6.1, below the S&P 500 P/E ratio of 17.7. Shares are down 9.8% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates POSCO as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full POSCO Ratings Report now.

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3. As of noon trading, Teck Resources ( TCK) is down $0.34 (-1.1%) to $29.64 on light volume Thus far, 613,331 shares of Teck Resources exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $29.39-$29.83 after having opened the day at $29.46 as compared to the previous trading day's close of $29.98.

Teck Resources Limited operates as a diversified mining, mineral processing, and metallurgical company. It is involved in exploring, developing, smelting, refining, safety, environmental protecting, product stewardship, recycling, and researching activities. Teck Resources has a market cap of $16.9 billion and is part of the basic materials sector. The company has a P/E ratio of 21.2, above 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 Friday. Currently there are 7 analysts that rate Teck Resources a buy, 2 analysts rate it a sell, and 4 rate it a hold.

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

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2. As of noon trading, ArcelorMittal ( MT) is down $0.45 (-3.0%) to $14.36 on average volume Thus far, 6.7 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $14.22-$14.41 after having opened the day at $14.27 as compared to the previous trading day's close of $14.81.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $23.4 billion and is part of the basic materials sector. Shares are down 15.2% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ArcelorMittal as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full ArcelorMittal Ratings Report now.

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1. As of noon trading, Freeport-McMoRan Copper & Gold ( FCX) is down $0.26 (-0.8%) to $33.54 on average volume Thus far, 5.7 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 14.6 million shares. The stock has ranged in price between $33.09-$33.66 after having opened the day at $33.09 as compared to the previous trading day's close of $33.80.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $31.5 billion and is part of the basic materials sector. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 3 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Freeport-McMoRan Copper & Gold Ratings Report now.

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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.

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