5 Stocks Pulling 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 3 points (0.0%) at 14,977 as of Monday, May 6, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,675 issues advancing vs. 1,221 declining with 157 unchanged.

The Metals & Mining industry currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Companhia Siderurgica Nacional ( SID), up 1.80.

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

5. Eldorado Gold ( EGO) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Eldorado Gold is down $0.20 (-2.7%) to $7.31 on average volume Thus far, 2.4 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $7.30-$7.50 after having opened the day at $7.42 as compared to the previous trading day's close of $7.51.

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Turkey, China, Greece, Brazil, and Romania. The company also explores for iron, silver, lead, zinc, and copper ores. Eldorado Gold has a market cap of $5.4 billion and is part of the basic materials sector. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are down 41.7% year to date as of the close of trading on Friday.

TheStreet Ratings rates Eldorado Gold as a hold. 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 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, feeble growth in the company's earnings per share and deteriorating net income. Get the full Eldorado Gold Ratings Report now.

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