3 Stocks Pushing The Metals & Mining Industry Lower

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%. 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. A company within the industry that increased today was Freeport-McMoRan Copper & Gold ( FCX), up 0.78.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Franco-Nevada ( FNV) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Franco-Nevada is down $1.49 (-3.7%) to $38.86 on heavy volume Thus far, 383,821 shares of Franco-Nevada exchanged hands as compared to its average daily volume of 491,300 shares. The stock has ranged in price between $38.51-$39.86 after having opened the day at $39.86 as compared to the previous trading day's close of $40.35.

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. Franco-Nevada has a market cap of $5.9 billion and is part of the basic materials sector. The company has a P/E ratio of 64.1, above the S&P 500 P/E ratio of 17.7. Shares are down 29.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Franco-Nevada as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and relatively poor performance when compared with the S&P 500 during the past year. Get the full Franco-Nevada Ratings Report now.

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2. As of noon trading, Agnico Eagle Mines ( AEM) is down $1.12 (-3.8%) to $28.23 on average volume Thus far, 1.0 million shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $28.05-$28.97 after having opened the day at $28.97 as compared to the previous trading day's close of $29.35.

Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. Agnico Eagle Mines has a market cap of $4.9 billion and is part of the basic materials sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are down 45.6% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Agnico Eagle Mines as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and unimpressive growth in net income. Get the full Agnico Eagle Mines Ratings Report now.

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1. As of noon trading, Silver Wheaton Corporation ( SLW) is down $0.51 (-2.3%) to $22.06 on average volume Thus far, 3.2 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $21.76-$22.53 after having opened the day at $22.23 as compared to the previous trading day's close of $22.57.

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 $7.9 billion and is part of the basic materials sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are down 37.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Silver Wheaton Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. 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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