5 Stocks Pushing The Metals & Mining Industry Downward

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 4.4%.

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

5. Randgold Resources ( GOLD) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Randgold Resources is down $2.90 (-3.8%) to $73.50 on heavy volume. Thus far, 904,369 shares of Randgold Resources exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $73.32-$75.62 after having opened the day at $75.60 as compared to the previous trading day's close of $76.40.

Randgold Resources Limited engages in the exploration and development of gold deposits in Sub-Saharan Africa. Randgold Resources has a market cap of $7.2 billion and is part of the basic materials sector. Shares are down 21.5% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Randgold Resources a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Randgold Resources as a buy. 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Randgold Resources 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, Silver Wheaton Corporation ( SLW) is down $0.92 (-3.6%) to $24.76 on average volume. Thus far, 3.8 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 $24.31-$25.01 after having opened the day at $24.88 as compared to the previous trading day's close of $25.68.

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 $9.2 billion and is part of the basic materials sector. Shares are down 28.8% year to date as of the close of trading on Monday. Currently there are 14 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.

3. As of noon trading, Goldcorp ( GG) is down $1.59 (-5.5%) to $27.52 on average volume. Thus far, 6.0 million shares of Goldcorp exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $27.40-$28.34 after having opened the day at $28.31 as compared to the previous trading day's close of $29.11.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. Goldcorp has a market cap of $23.8 billion and is part of the basic materials sector. Shares are down 20.0% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Goldcorp 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, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Goldcorp 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, Newmont Mining Corporation ( NEM) is down $0.94 (-3.1%) to $29.44 on average volume. Thus far, 4.5 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 $29.26-$29.96 after having opened the day at $29.90 as compared to the previous trading day's close of $30.38.

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 $15.0 billion and is part of the basic materials sector. Shares are down 34.5% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 8 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.

1. As of noon trading, Barrick Gold Corporation ( ABX) is down $0.66 (-3.4%) to $18.54 on average volume. Thus far, 10.4 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 18.8 million shares. The stock has ranged in price between $18.53-$18.86 after having opened the day at $18.69 as compared to the previous trading day's close of $19.20.

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 $19.1 billion and is part of the basic materials sector. Shares are down 45.2% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Barrick Gold Corporation a buy, no analysts rate it a sell, and 16 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).

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers