5 Metals & Mining Stocks On The Rise

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 45 points (-0.3%) at 14,466 as of Thursday, March 21, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,235 issues advancing vs. 1,661 declining with 139 unchanged.

The Metals & Mining industry currently sits up 0.5% versus the S&P 500, which is down 0.4%. Top gainers within the industry include Newmont Mining Corporation ( NEM), up 3.2%, Randgold Resources ( GOLD), up 2.9%, Barrick Gold Corporation ( ABX), up 3.1% and Eldorado Gold ( EGO), up 2.1%. On the negative front, top decliners within the industry include Tenaris ( TS), down 1.5%, and ArcelorMittal ( MT), down 0.9%.

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

5. Anglogold Ashanti ( AU) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Anglogold Ashanti is up $0.52 (2.2%) to $24.49 on light volume Thus far, 678,488 shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $24.05-$24.50 after having opened the day at $24.13 as compared to the previous trading day's close of $23.97.

AngloGold Ashanti Limited primarily engages in the exploration and production of gold. It also produces by-products, such as silver, uranium oxide, and sulfuric acid. Anglogold Ashanti has a market cap of $9.4 billion and is part of the basic materials sector. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7. Shares are down 22.8% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Anglogold Ashanti a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Anglogold Ashanti 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, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Anglogold Ashanti Ratings Report now.

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