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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