4 Metals & Mining Stocks Dragging The Industry Down

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 63 points (0.4%) at 15,199 as of Monday, July 8, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,878 issues advancing vs. 1,083 declining with 93 unchanged.

The Metals & Mining industry currently sits down 0.1% versus the S&P 500, which is up 1.0%. A company within the industry that fell today was Newmont Mining Corporation ( NEM), up 1.5%. Top gainers within the industry include Turquoise Hill Resources ( TRQ), up 7.5%, Agnico Eagle Mines ( AEM), up 6.0%, Consol Energy ( CNX), up 3.7%, Cameco ( CCJ), up 2.8% and POSCO ( PKX), up 1.4%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Gold Fields ( GFI) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Gold Fields is down $0.16 (-3.2%) to $4.80 on light volume. Thus far, 1.6 million shares of Gold Fields exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $4.79-$4.93 after having opened the day at $4.92 as compared to the previous trading day's close of $4.96.

Gold Fields Limited engages in the acquisition, exploration, development, and production of gold properties. It also explores for copper. The company holds interests in six operating mines in South Africa, Peru, Ghana, and Australia. Gold Fields has a market cap of $3.6 billion and is part of the basic materials sector. Shares are down 60.3% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Gold Fields a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Gold Fields 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, reasonable valuation levels 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, deteriorating net income and disappointing return on equity. Get the full Gold Fields Ratings Report now.

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