4 Metals & Mining Stocks Pushing Industry Growth

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 54 points (0.4%) at 15,287 as of Friday, May 17, 2013, 12:54 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 899 declining with 140 unchanged.

The Metals & Mining industry currently sits down 0.84 versus the S&P 500, which is up 0.5%. A company within the industry that increased today was Freeport-McMoRan Copper & Gold ( FCX), up 0.78. On the negative front, top decliners within the industry include Newmont Mining Corporation ( NEM), down 3.21, Goldcorp ( GG), down 2.50 and Barrick Gold Corporation ( ABX), down 1.99.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Tenaris ( TS) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Tenaris is up $0.46 (1.06) to $43.71 on light volume Thus far, 448,949 shares of Tenaris exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $43.05-$43.72 after having opened the day at $43.09 as compared to the previous trading day's close of $43.25.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.7 billion and is part of the basic materials sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Thursday. 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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3. As of noon trading, Southern Copper Corporation ( SCCO) is up $0.58 (1.82) to $32.56 on average volume Thus far, 800,180 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $32.15-$32.60 after having opened the day at $32.16 as compared to the previous trading day's close of $31.98.

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 $27.3 billion and is part of the basic materials sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are down 15.5% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Southern Copper Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

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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2. As of noon trading, ArcelorMittal ( MT) is up $0.31 (2.49) to $12.78 on average volume Thus far, 3.3 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $12.74-$12.94 after having opened the day at $12.90 as compared to the previous trading day's close of $12.47.

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 $19.7 billion and is part of the basic materials sector. Shares are down 28.6% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 2 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, Nucor ( NUE) is up $0.53 (1.18) to $45.52 on light volume Thus far, 574,196 shares of Nucor exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $45.20-$45.67 after having opened the day at $45.27 as compared to the previous trading day's close of $44.99.

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 $14.4 billion and is part of the basic materials sector. The company has a P/E ratio of 32.8, above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Thursday. 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Nucor 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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