TRQ, SID And GGB, Pushing Metals & Mining Industry Downward

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%. On the negative front, top decliners within the industry include Tenaris ( TS), down 1.5%, and ArcelorMittal ( MT), down 0.9%. 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%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. 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 $0.13 (-2.0%) to $6.44 on light volume Thus far, 646,109 shares of Turquoise Hill Resources exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $6.37-$6.60 after having opened the day at $6.60 as compared to the previous trading day's close of $6.57.

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 $6.8 billion and is part of the basic materials sector. Shares are down 12.0% year to date as of the close of trading on Wednesday. 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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2. As of noon trading, Companhia Siderurgica Nacional ( SID) is down $0.15 (-3.2%) to $4.58 on heavy volume Thus far, 4.9 million shares of Companhia Siderurgica Nacional exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $4.52-$4.62 after having opened the day at $4.62 as compared to the previous trading day's close of $4.73.

Companhia Siderurgica Nacional operates as an integrated steel producer primarily in Asia, North America, Latin America, and Europe. Companhia Siderurgica Nacional has a market cap of $7.2 billion and is part of the basic materials sector. The company has a P/E ratio of 4.7, below the S&P 500 P/E ratio of 17.7. Shares are down 20.5% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Companhia Siderurgica Nacional a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Companhia Siderurgica Nacional as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Companhia Siderurgica Nacional Ratings Report now.

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1. As of noon trading, Gerdau ( GGB) is down $0.08 (-1.1%) to $7.43 on light volume Thus far, 1.7 million shares of Gerdau exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $7.42-$7.54 after having opened the day at $7.50 as compared to the previous trading day's close of $7.51.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $12.9 billion and is part of the basic materials sector. The company has a P/E ratio of 6.3, below the S&P 500 P/E ratio of 17.7. Shares are down 17.1% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Gerdau a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Gerdau Ratings Report now.

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If you are interested in one of these 5 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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