5 Stocks Pushing The Metals & Mining Industry Higher

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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.

The Metals & Mining industry currently sits up 0.6% versus the S&P 500, which is up 0.1%. Top gainers within the industry include New Gold ( NGD), up 4.9%, Gold Fields ( GFI), up 2.8%, Yamana Gold ( AUY), up 2.1%, Anglogold Ashanti ( AU), up 2.2% and Silver Wheaton Corporation ( SLW), up 1.6%.

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

5. Nucor ( NUE) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Nucor is up $0.43 (1.0%) to $43.50 on average volume Thus far, 1.2 million shares of Nucor exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $43.00-$44.12 after having opened the day at $43.21 as compared to the previous trading day's close of $43.07.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $13.9 billion and is part of the basic materials sector. The company has a P/E ratio of 27.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Nucor Ratings Report now.

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4. As of noon trading, Goldcorp ( GG) is up $0.24 (0.8%) to $31.46 on heavy volume Thus far, 4.6 million shares of Goldcorp exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $30.62-$31.56 after having opened the day at $31.01 as compared to the previous trading day's close of $31.22.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. Goldcorp has a market cap of $26.3 billion and is part of the basic materials sector. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Shares are down 14.9% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Goldcorp as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures 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 and disappointing return on equity. Get the full Goldcorp Ratings Report now.

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3. As of noon trading, Barrick Gold Corporation ( ABX) is up $0.36 (1.4%) to $27.06 on heavy volume Thus far, 9.9 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 9.6 million shares. The stock has ranged in price between $26.15-$27.15 after having opened the day at $26.47 as compared to the previous trading day's close of $26.70.

Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 27 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa. Barrick Gold Corporation has a market cap of $28.3 billion and is part of the basic materials sector. Shares are down 23.7% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Barrick Gold Corporation Ratings Report now.

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2. As of noon trading, Newmont Mining Corporation ( NEM) is up $0.33 (0.9%) to $38.80 on average volume Thus far, 4.1 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $38.07-$39.00 after having opened the day at $38.41 as compared to the previous trading day's close of $38.47.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $19.6 billion and is part of the basic materials sector. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 17.2% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Newmont Mining Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full Newmont Mining Corporation Ratings Report now.

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1. As of noon trading, Vale ( VALE) is up $0.12 (0.7%) to $17.06 on average volume Thus far, 9.0 million shares of Vale exchanged hands as compared to its average daily volume of 16.3 million shares. The stock has ranged in price between $16.94-$17.33 after having opened the day at $17.11 as compared to the previous trading day's close of $16.95.

Vale S.A. engages in the research, production, and marketing of iron ore and pellets, nickel, fertilizers, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Vale has a market cap of $85.4 billion and is part of the basic materials sector. The company has a P/E ratio of 3.8, below the S&P 500 P/E ratio of 17.7. Shares are down 19.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Vale a buy, 2 analysts rate it a sell, and 6 rate it a hold.

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

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks 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.
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