3 Stocks Pulling The Metals & Mining Industry Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 15,482 as of Monday, July 15, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,042 declining with 108 unchanged.

The Metals & Mining industry currently is unchanged today versus the S&P 500, which is up 0.1%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Cameco ( CCJ) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Cameco is down $0.48 (-2.2%) to $21.46 on average volume. Thus far, 731,218 shares of Cameco exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $21.42-$22.09 after having opened the day at $21.95 as compared to the previous trading day's close of $21.93.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Cameco has a market cap of $8.8 billion and is part of the basic materials sector. Shares are up 12.4% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Cameco a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cameco as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, 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 Cameco Ratings Report now.

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