4 Stocks Dragging In 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 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 0.8%.

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

4. POSCO ( PKX) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, POSCO is down $0.42 (-0.6%) to $72.09 on average volume. Thus far, 81,852 shares of POSCO exchanged hands as compared to its average daily volume of 196,300 shares. The stock has ranged in price between $71.77-$72.39 after having opened the day at $72.18 as compared to the previous trading day's close of $72.51.

POSCO, together with its subsidiaries, primarily manufactures and sells integrated steel products in South Korea. It operates through four segments: Steel, Trading, Construction, and Others. POSCO has a market cap of $22.3 billion and is part of the basic materials sector. Shares are down 11.7% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates POSCO as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and disappointing return on equity. Get the full POSCO Ratings Report now.

STOCKS TO BUY: 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, Tenaris ( TS) is down $0.25 (-0.6%) to $44.32 on light volume. Thus far, 375,539 shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $44.11-$44.52 after having opened the day at $44.20 as compared to the previous trading day's close of $44.57.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.7 billion and is part of the industrial goods sector. Shares are up 7.7% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Tenaris a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tenaris Ratings Report now.

STOCKS TO BUY: 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, ArcelorMittal ( MT) is down $0.19 (-1.5%) to $12.81 on average volume. Thus far, 2.2 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $12.72-$12.92 after having opened the day at $12.85 as compared to the previous trading day's close of $13.00.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $20.6 billion and is part of the basic materials sector. Shares are down 25.6% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full ArcelorMittal Ratings Report now.

STOCKS TO BUY: 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, Barrick Gold Corporation ( ABX) is down $0.44 (-2.2%) to $19.25 on average volume. Thus far, 10.0 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18.7 million shares. The stock has ranged in price between $19.01-$19.44 after having opened the day at $19.37 as compared to the previous trading day's close of $19.69.

Barrick Gold Corporation engages in the production and sale of gold and copper. It is also involved in exploration and mine development activities. Barrick Gold Corporation has a market cap of $19.4 billion and is part of the basic materials sector. Shares are down 43.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Barrick Gold Corporation 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, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Barrick Gold Corporation Ratings Report now.

STOCKS TO BUY: 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 3 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).

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