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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