3 Metals & Mining Stocks Nudging The Industry Higher

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 14,800 as of Friday, Aug. 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 850 issues advancing vs. 2,040 declining with 117 unchanged.

The Metals & Mining industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was Goldcorp ( GG), up 0.6%.

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

3. 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 $0.15 (2.9%) to $5.27 on light volume. Thus far, 577,394 shares of Turquoise Hill Resources exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $5.10-$5.29 after having opened the day at $5.11 as compared to the previous trading day's close of $5.12.

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 $5.3 billion and is part of the basic materials sector. Shares are down 32.6% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Turquoise Hill Resources a buy, 1 analyst rates 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 generally disappointing historical performance in the stock itself and weak operating cash flow. 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.

If you liked this article you might like

Beleaguered Valeant Appoints Lead Independent Director

Strong On High Volume: Turquoise Hill Resources (TRQ)

Turquoise Hill Resources (TRQ) Is Today's Strong On High Volume Stock

These 5 Stocks Have Small Price Tags -- and Big Gain Potential

Turquoise Hill Resources (TRQ) Flagged As Strong On High Volume