3 Stocks Dragging The 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 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Metals & Mining industry currently sits down 0.3% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Goldcorp ( GG), up 1.6%, Yamana Gold ( AUY), up 1.4% and Gerdau ( GGB), up 1.2%.

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

3. Tenaris ( TS) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Tenaris is down $0.59 (-1.4%) to $40.31 on average volume Thus far, 606,694 shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $39.93-$40.36 after having opened the day at $39.98 as compared to the previous trading day's close of $40.90.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $24.0 billion and is part of the basic materials sector. The company has a P/E ratio of 36.0, above the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Tenaris a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Tenaris 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, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tenaris Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, ArcelorMittal ( MT) is down $0.38 (-2.8%) to $12.99 on average volume Thus far, 5.7 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 10.1 million shares. The stock has ranged in price between $12.90-$13.03 after having opened the day at $12.96 as compared to the previous trading day's close of $13.37.

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 $20.9 billion and is part of the basic materials sector. Shares are down 23.5% year to date as of the close of trading on Tuesday. 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.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, Cliffs Natural Resources ( CLF) is down $3.16 (-14.8%) to $18.27 on heavy volume Thus far, 32.8 million shares of Cliffs Natural Resources exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $18.06-$19.14 after having opened the day at $18.55 as compared to the previous trading day's close of $21.43.

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. Cliffs Natural Resources has a market cap of $3.1 billion and is part of the basic materials sector. Shares are down 44.4% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Cliffs Natural Resources a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Cliffs Natural Resources as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Cliffs Natural Resources Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

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.

null

More from Markets

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists

NYSE Suspends Trading for Some Shares of Nasdaq-Listed Amazon, Alphabet

NYSE Suspends Trading for Some Shares of Nasdaq-Listed Amazon, Alphabet