3 Stocks Boosting The Metals & Mining 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 90 points (0.6%) at 15,153 as of Tuesday, Sept. 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,842 issues advancing vs. 1,092 declining with 95 unchanged.

The Metals & Mining industry currently sits down 0.6% versus the S&P 500, which is up 0.5%. A company within the industry that fell today was Eldorado Gold ( EGO), up 4.7%.

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

3. Tenaris ( TS) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Tenaris is up $0.56 (1.2%) to $46.64 on average volume. Thus far, 570,714 shares of Tenaris exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $46.19-$46.72 after having opened the day at $46.19 as compared to the previous trading day's close of $46.08.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.5 billion and is part of the industrial goods sector. Shares are up 7.1% year to date as of the close of trading on Monday. 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.

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