Goldcorp Inc. (GG): Today's Featured Metals & Mining Winner

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

Goldcorp ( GG) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 3.0%. By the end of trading, Goldcorp rose $1.81 (6.4%) to $30.29 on average volume. Throughout the day, 7,847,164 shares of Goldcorp exchanged hands as compared to its average daily volume of 7,157,700 shares. The stock ranged in a price between $28.53-$30.31 after having opened the day at $28.76 as compared to the previous trading day's close of $28.48. Other companies within the Metals & Mining industry that increased today were: Gold Standard Ventures ( GSV), up 30.6%, Pretium Resources ( PVG), up 16.9%, Uranerz Energy Corporation ( URZ), up 16.8% and Entree Gold ( EGI), up 16.0%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $23.5 billion and is part of the basic materials sector. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are down 22.4% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 5 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.

On the negative front, China Natural Resources ( CHNR), down 10.1%, China Shen Zhou Mining & Resources ( SHZ), down 5.9%, Quest Rare Minerals ( QRM), down 5.6% and USEC ( USU), down 4.0% , were all laggards within the metals & mining industry with Gerdau ( GGB) being today's metals & mining industry laggard.

For investors not wanting singular stock exposure, 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).

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.