5 Stocks Improving Performance Of The Metals & Mining Industry

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 127 points (0.8%) at 15,307 as of Tuesday, June 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Metals & Mining industry currently sits down 0.09 versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the industry include Franco-Nevada ( FNV), down 4.28, Anglogold Ashanti ( AU), down 3.53, Agnico Eagle Mines ( AEM), down 3.04, Eldorado Gold ( EGO), down 3.27 and Randgold Resources ( GOLD), down 2.39.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Mechel OAO ( MTL) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Mechel OAO is up $0.35 (12.29) to $3.19 on heavy volume Thus far, 4.1 million shares of Mechel OAO exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $2.82-$3.25 after having opened the day at $2.86 as compared to the previous trading day's close of $2.84.

Mechel OAO, together with its subsidiaries, engages in mining and steel businesses in the Russian Federation, other CIS countries, Europe, Asia, the Middle East, the United States, and internationally. The company operates through four segments: Mining, Steel, Ferroalloys, and Power. Mechel OAO has a market cap of $1.2 billion and is part of the basic materials sector. Shares are down 59.0% year to date as of the close of trading on Monday. Currently there are no analysts that rate Mechel OAO a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Mechel OAO as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow. Get the full Mechel OAO Ratings Report now.

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