Today's Stocks Driving Success For The Metals & Mining Industry

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Metals & Mining industry currently sits down 1.4% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Eldorado Gold ( EGO), down 2.9%, Franco-Nevada ( FNV), down 2.5%, Tenaris ( TS), down 1.1% and POSCO ( PKX), down 1.0%.

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

4. Turquoise Hill Resources ( TRQ) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Turquoise Hill Resources is up $0.12 (3.2%) to $4.06 on heavy volume. Thus far, 3.4 million shares of Turquoise Hill Resources exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $3.82-$4.06 after having opened the day at $3.90 as compared to the previous trading day's close of $3.93.

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mineral exploration, development, and mining company. The company's principal mineral resource property, the Oyu Tolgoi project, is a copper-gold project located in the South Gobi region of Mongolia. Turquoise Hill Resources has a market cap of $4.3 billion and is part of the basic materials sector. Shares are down 43.9% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Turquoise Hill Resources a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Turquoise Hill Resources 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 Turquoise Hill Resources Ratings Report now.

3x UPSIDE POTENTIAL: 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, Gerdau ( GGB) is up $0.12 (1.9%) to $6.38 on heavy volume. Thus far, 6.6 million shares of Gerdau exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $6.31-$6.45 after having opened the day at $6.39 as compared to the previous trading day's close of $6.26.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $10.9 billion and is part of the basic materials sector. Shares are down 30.4% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Gerdau a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels 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, disappointing return on equity and poor profit margins. Get the full Gerdau Ratings Report now.

3x UPSIDE POTENTIAL: 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, Nucor ( NUE) is up $0.25 (0.5%) to $47.04 on average volume. Thus far, 715,926 shares of Nucor exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $46.75-$47.34 after having opened the day at $46.82 as compared to the previous trading day's close of $46.79.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $14.9 billion and is part of the basic materials sector. Shares are up 8.4% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Nucor Ratings Report now.

3x UPSIDE POTENTIAL: 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, Peabody Energy Corporation ( BTU) is up $0.46 (2.8%) to $16.96 on average volume. Thus far, 4.5 million shares of Peabody Energy Corporation exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $16.27-$17.14 after having opened the day at $16.49 as compared to the previous trading day's close of $16.49.

Peabody Energy Corporation engages in the mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. Peabody Energy Corporation has a market cap of $4.5 billion and is part of the basic materials sector. Shares are down 38.0% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Peabody Energy Corporation a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Peabody Energy Corporation as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Peabody Energy Corporation Ratings Report now.

3x UPSIDE POTENTIAL: 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 4 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).
null