Metals & Mining Stocks On The Rise With Help From 4 Stocks

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Metals & Mining industry currently sits down 0.14 versus the S&P 500, which is down 0.89.

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

4. Agnico Eagle Mines ( AEM) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Agnico Eagle Mines is up $1.29 (4.51) to $29.89 on average volume Thus far, 1.1 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 $28.53-$30.00 after having opened the day at $28.88 as compared to the previous trading day's close of $28.60.

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 $5.0 billion and is part of the basic materials sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 45.1% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 12 rate it a hold.

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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Goldcorp ( GG) is up $0.75 (2.83) to $27.27 on average volume Thus far, 3.1 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $26.64-$27.32 after having opened the day at $26.68 as compared to the previous trading day's close of $26.52.

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 $21.8 billion and is part of the basic materials sector. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are down 27.7% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Goldcorp 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Goldcorp Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Newmont Mining Corporation ( NEM) is up $0.51 (1.59) to $32.56 on light volume Thus far, 3.0 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $32.12-$32.65 after having opened the day at $32.22 as compared to the previous trading day's close of $32.05.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $15.7 billion and is part of the basic materials sector. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7. Shares are down 31.0% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Newmont Mining Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Newmont Mining Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Barrick Gold Corporation ( ABX) is up $0.58 (3.06) to $19.53 on average volume Thus far, 7.6 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18.0 million shares. The stock has ranged in price between $19.05-$19.56 after having opened the day at $19.16 as compared to the previous trading day's close of $18.95.

Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities. Barrick Gold Corporation has a market cap of $19.2 billion and is part of the basic materials sector. Shares are down 45.3% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. Get the full Barrick Gold Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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.
null