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.

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

4. As of noon trading, Gerdau ( GGB) is down $0.14 (-1.9%) to $7.33 on average volume. Thus far, 5.0 million shares of Gerdau exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $7.21-$7.35 after having opened the day at $7.25 as compared to the previous trading day's close of $7.47.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $12.5 billion and is part of the basic materials sector. Shares are down 16.9% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Gerdau a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Gerdau as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. Get the full Gerdau 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, Agnico Eagle Mines ( AEM) is down $1.27 (-4.2%) to $29.36 on light volume. Thus far, 739,263 shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $29.22-$30.60 after having opened the day at $30.43 as compared to the previous trading day's close of $30.63.

Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. Agnico Eagle Mines has a market cap of $5.2 billion and is part of the basic materials sector. Shares are down 41.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Agnico Eagle Mines a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Agnico Eagle Mines as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. Get the full Agnico Eagle Mines 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, Silver Wheaton Corporation ( SLW) is down $0.73 (-2.7%) to $25.90 on average volume. Thus far, 2.5 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $25.78-$26.59 after having opened the day at $26.48 as compared to the previous trading day's close of $26.63.

Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Silver Wheaton Corporation has a market cap of $9.5 billion and is part of the basic materials sector. Shares are down 26.2% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Silver Wheaton Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Silver Wheaton 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.

1. As of noon trading, Newmont Mining Corporation ( NEM) is down $1.16 (-3.7%) to $30.46 on average volume. Thus far, 4.4 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $30.36-$31.53 after having opened the day at $31.39 as compared to the previous trading day's close of $31.62.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $15.5 billion and is part of the basic materials sector. Shares are down 31.9% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Newmont Mining 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 5 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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