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.

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, New Gold ( NGD) is down $0.17 (-2.6%) to $6.35 on light volume. Thus far, 1.5 million shares of New Gold exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $6.32-$6.63 after having opened the day at $6.57 as compared to the previous trading day's close of $6.52.

New Gold Inc., a gold mining company, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. It primarily explores for gold, silver, and copper deposits. New Gold has a market cap of $3.2 billion and is part of the basic materials sector. Shares are down 40.1% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate New Gold a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates New Gold as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. 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 New 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.

2. As of noon trading, Southern Copper Corporation ( SCCO) is down $0.32 (-1.2%) to $26.64 on light volume. Thus far, 719,656 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $26.59-$27.09 after having opened the day at $27.00 as compared to the previous trading day's close of $26.96.

Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Southern Copper Corporation has a market cap of $23.1 billion and is part of the basic materials sector. Shares are down 28.8% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Southern Copper Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Southern Copper Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Southern Copper 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.

1. As of noon trading, Kinross Gold Corporation ( KGC) is down $0.08 (-1.7%) to $4.67 on light volume. Thus far, 3.8 million shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $4.64-$4.82 after having opened the day at $4.80 as compared to the previous trading day's close of $4.75.

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 $5.8 billion and is part of the basic materials sector. Shares are down 51.1% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Kinross Gold Corporation a buy, 2 analysts rate it a sell, and 6 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 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).

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