4 Stocks Pushing 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Metals & Mining industry currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Tenaris ( TS), down 0.9%, and POSCO ( PKX), down 0.6%.

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

4. Cameco ( CCJ) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Cameco is up $0.35 (1.7%) to $20.48 on average volume. Thus far, 820,143 shares of Cameco exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $20.10-$20.54 after having opened the day at $20.12 as compared to the previous trading day's close of $20.13.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Cameco has a market cap of $7.9 billion and is part of the basic materials sector. The company has a P/E ratio of 26.5, above the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Cameco a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cameco as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year. Get the full Cameco Ratings Report now.

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