PKX, TS, MT And BTU, 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

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 4 stocks pushing the industry lower today:

4. POSCO ( PKX) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, POSCO is down $0.74 (-1.0%) to $70.79 on light volume Thus far, 94,206 shares of POSCO exchanged hands as compared to its average daily volume of 262,100 shares. The stock has ranged in price between $70.68-$71.41 after having opened the day at $71.21 as compared to the previous trading day's close of $71.53.

POSCO engages in the manufacture and sale of steel products in Korea and internationally. POSCO has a market cap of $22.1 billion and is part of the basic materials sector. The company has a P/E ratio of 5.8, below the S&P 500 P/E ratio of 17.7. Shares are down 12.9% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates POSCO as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full POSCO Ratings Report now.

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3. As of noon trading, Tenaris ( TS) is down $0.76 (-1.9%) to $39.86 on light volume Thus far, 426,177 shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $39.80-$40.56 after having opened the day at $40.41 as compared to the previous trading day's close of $40.63.

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 3.1% year to date as of the close of trading on Wednesday. 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, increase in stock price during the past year and expanding profit margins. 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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2. As of noon trading, ArcelorMittal ( MT) is down $0.12 (-1.0%) to $12.26 on average volume Thus far, 6.6 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $12.22-$12.55 after having opened the day at $12.44 as compared to the previous trading day's close of $12.38.

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 $19.1 billion and is part of the basic materials sector. Shares are down 29.1% year to date as of the close of trading on Wednesday. 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.

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1. As of noon trading, Peabody Energy Corporation ( BTU) is down $0.47 (-2.3%) to $19.68 on average volume Thus far, 4.6 million shares of Peabody Energy Corporation exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $19.55-$20.15 after having opened the day at $20.08 as compared to the previous trading day's close of $20.15.

Peabody Energy Corporation engages in the mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. Peabody Energy Corporation has a market cap of $5.4 billion and is part of the basic materials sector. Shares are down 24.3% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Peabody Energy Corporation a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Peabody Energy Corporation 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 Peabody Energy Corporation 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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