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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4. As of noon trading, Gerdau ( GGB) is down $0.10 (-1.3%) to $7.64 on light volume Thus far, 1.9 million shares of Gerdau exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $7.62-$7.77 after having opened the day at $7.75 as compared to the previous trading day's close of $7.74.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $13.0 billion and is part of the basic materials sector. The company has a P/E ratio of 6.3, below the S&P 500 P/E ratio of 17.7. Shares are down 13.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Gerdau as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. Get the full Gerdau Ratings Report now.

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3. As of noon trading, Tenaris ( TS) is down $0.24 (-0.6%) to $42.40 on average volume Thus far, 618,206 shares of Tenaris exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $42.12-$42.49 after having opened the day at $42.17 as compared to the previous trading day's close of $42.64.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $24.9 billion and is part of the basic materials sector. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Friday.

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, Southern Copper Corporation ( SCCO) is down $0.34 (-1.0%) to $33.75 on average volume Thus far, 801,655 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $33.58-$34.29 after having opened the day at $34.10 as compared to the previous trading day's close of $34.09.

Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Southern Copper Corporation has a market cap of $27.8 billion and is part of the basic materials sector. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7. Shares are down 9.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates Southern Copper Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Southern Copper Corporation Ratings Report now.

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1. As of noon trading, Silver Wheaton Corporation ( SLW) is down $0.35 (-1.4%) to $24.21 on average volume Thus far, 2.2 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $24.07-$24.63 after having opened the day at $24.59 as compared to the previous trading day's close of $24.56.

Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Silver Wheaton Corporation has a market cap of $8.6 billion and is part of the basic materials sector. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 31.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Silver Wheaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Silver Wheaton 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 4 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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