5 Stocks Pushing The Basic Materials Sector Downward

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 159 points (1.1%) at 15,200 as of Friday, June 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,044 issues advancing vs. 871 declining with 122 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is up 1.0%. On the negative front, top decliners within the sector include Goldcorp ( GG), down 4.13, Barrick Gold Corporation ( ABX), down 3.69, Newmont Mining Corporation ( NEM), down 2.24, Petroleo Brasileiro SA Petrobras ( PBR.A), down 2.12 and LyondellBasell Industries ( LYB), down 1.96. Top gainers within the sector include Southwestern Energy Company ( SWN), up 2.9%, Continental Resources ( CLR), up 2.7%, Cabot Oil & Gas Corporation ( COG), up 2.6%, Monsanto Company ( MON), up 2.5% and PPG Industries ( PPG), up 2.4%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Eldorado Gold ( EGO) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Eldorado Gold is down $0.40 (-4.8%) to $7.86 on average volume Thus far, 3.4 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $7.83-$8.04 after having opened the day at $8.02 as compared to the previous trading day's close of $8.26.

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Turkey, China, Greece, Brazil, and Romania. The company also explores for iron, silver, lead, zinc, and copper ores. Eldorado Gold has a market cap of $5.8 billion and is part of the metals & mining industry. The company has a P/E ratio of 29.8, above the S&P 500 P/E ratio of 17.7. Shares are down 35.9% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Eldorado Gold as a hold. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Eldorado Gold Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Anglogold Ashanti ( AU) is down $0.99 (-5.5%) to $16.87 on average volume Thus far, 1.6 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $16.80-$17.22 after having opened the day at $17.17 as compared to the previous trading day's close of $17.86.

AngloGold Ashanti Limited engages in the exploration, production, and marketing of gold. It also produces by-products, such as silver, uranium, and sulfuric acid. Anglogold Ashanti has a market cap of $6.9 billion and is part of the metals & mining industry. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are down 43.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Anglogold Ashanti a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Anglogold Ashanti 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 a generally disappointing performance in the stock itself, weak operating cash flow and deteriorating net income. Get the full Anglogold Ashanti Ratings Report now.

STOCKS TO BUY: 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, Agnico Eagle Mines ( AEM) is down $2.04 (-6.1%) to $31.24 on heavy volume Thus far, 1.5 million shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $31.17-$32.48 after having opened the day at $32.39 as compared to the previous trading day's close of $33.28.

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 $5.7 billion and is part of the metals & mining industry. The company has a P/E ratio of 21.1, above the S&P 500 P/E ratio of 17.7. Shares are down 36.6% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 10 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, unimpressive growth in net income and weak operating cash flow. Get the full Agnico Eagle Mines Ratings Report now.

STOCKS TO BUY: 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, Teck Resources ( TCK) is down $0.60 (-2.3%) to $25.49 on average volume Thus far, 1.3 million shares of Teck Resources exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $25.44-$26.08 after having opened the day at $26.04 as compared to the previous trading day's close of $26.09.

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in the Americas, Asia Pacific, Europe, and Africa. Teck Resources has a market cap of $15.0 billion and is part of the metals & mining industry. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are down 28.2% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Teck Resources a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Teck Resources as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Teck Resources Ratings Report now.

STOCKS TO BUY: 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, Kinross Gold Corporation ( KGC) is down $0.30 (-4.6%) to $6.28 on average volume Thus far, 5.4 million shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 12.3 million shares. The stock has ranged in price between $6.26-$6.48 after having opened the day at $6.42 as compared to the previous trading day's close of $6.58.

Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold and silver ores. It is involved in the exploration, acquisition, development, and operation of gold bearing properties. Kinross Gold Corporation has a market cap of $7.4 billion and is part of the metals & mining industry. Shares are down 32.3% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Kinross Gold Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Kinross Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Kinross Gold Corporation Ratings Report now.

STOCKS TO BUY: 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 5 stocks, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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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