4 Stocks Pushing The Metals & Mining Industry Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 15,618 as of Friday, Aug. 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,354 issues advancing vs. 1,554 declining with 118 unchanged.

The Metals & Mining industry currently sits down 0.5% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Nucor ( NUE), down 0.8%, Goldcorp ( GG), down 0.6% and Tenaris ( TS), down 0.6%.

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

4. Franco-Nevada ( FNV) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Franco-Nevada is down $0.66 (-1.6%) to $40.39 on average volume. Thus far, 215,547 shares of Franco-Nevada exchanged hands as compared to its average daily volume of 468,600 shares. The stock has ranged in price between $40.32-$40.88 after having opened the day at $40.50 as compared to the previous trading day's close of $41.05.

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Australia, and Africa. The company has interests in platinum group metal, oil and gas, and other resource properties. Franco-Nevada has a market cap of $6.2 billion and is part of the basic materials sector. Shares are down 28.2% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Franco-Nevada a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Franco-Nevada as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, premium valuation and weak operating cash flow. Get the full Franco-Nevada Ratings Report now.

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