Goldcorp Inc. (GG): Today's Featured Metals & Mining Laggard

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.

Goldcorp ( GG) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 2.6%. By the end of trading, Goldcorp fell $1.38 (-5.2%) to $25.30 on average volume. Throughout the day, 7,748,262 shares of Goldcorp exchanged hands as compared to its average daily volume of 7,728,400 shares. The stock ranged in price between $25.26-$26.04 after having opened the day at $26.02 as compared to the previous trading day's close of $26.68. Other companies within the Metals & Mining industry that declined today were: Sibanye Gold Ltd ADR ( SBGL), down 46.2%, Allied Nevada Gold ( ANV), down 25.9%, Dominion Diamond ( DDC), down 18.2% and Crosshair Energy ( CXZ), down 14.9%.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. Goldcorp has a market cap of $21.9 billion and is part of the basic materials sector. Shares are down 27.3% year to date as of the close of trading on Monday. Currently there are 16 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Goldcorp as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front, China Gengsheng Minerals ( CHGS), up 66.7%, Cardero Resources Corporation ( CDY), up 16.9%, Ossen Innovation ( OSN), up 10.0% and General Steel Holdings ( GSI), up 8.3%.

For investors not wanting singular stock exposure, 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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