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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