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.

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