EGO, GGB, AEM, SLW And NEM, 5 Metals & Mining Stocks Pushing The Industry Lower

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 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

The Metals & Mining industry currently sits down 0.5% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Goldcorp ( GG), down 2.5%, Franco-Nevada ( FNV), down 2.1% and Barrick Gold Corporation ( ABX), down 1.6%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Eldorado Gold ( EGO) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Eldorado Gold is down $0.34 (-3.9%) to $8.42 on average volume. Thus far, 2.9 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $8.38-$8.77 after having opened the day at $8.76 as compared to the previous trading day's close of $8.76.

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Turkey, China, Greece, Brazil, and Romania. The company also explores for iron, silver, lead, zinc, and copper ores. Eldorado Gold has a market cap of $6.3 billion and is part of the basic materials sector. Shares are down 32.1% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Eldorado Gold as a hold. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Eldorado Gold Ratings Report now.

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