5 Stocks Dragging 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.

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 5 stocks pushing the industry lower today:

5. Teck Resources ( TCK) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Teck Resources is down $0.33 (-1.3%) to $24.37 on average volume. Thus far, 889,090 shares of Teck Resources exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $24.31-$24.68 after having opened the day at $24.68 as compared to the previous trading day's close of $24.70.

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in the Americas, Asia Pacific, Europe, and Africa. Teck Resources has a market cap of $14.2 billion and is part of the basic materials sector. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are down 5.0% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Teck Resources a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Teck Resources 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Teck 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, Agnico Eagle Mines ( AEM) is down $0.55 (-2.0%) to $26.75 on average volume. Thus far, 969,011 shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $26.48-$27.01 after having opened the day at $27.01 as compared to the previous trading day's close of $27.30.

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 $4.8 billion and is part of the basic materials sector. The company has a P/E ratio of 36.5, above the S&P 500 P/E ratio of 17.7. Shares are up 3.5% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 8 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, notable return on equity and expanding profit margins. 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 weak operating cash flow. 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.

3. As of noon trading, Goldcorp ( GG) is down $0.32 (-1.4%) to $22.11 on average volume. Thus far, 2.9 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $21.92-$22.20 after having opened the day at $22.16 as compared to the previous trading day's close of $22.43.

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 $18.2 billion and is part of the basic materials sector. Shares are up 3.5% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Goldcorp 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. 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 $0.46 (-1.9%) to $23.49 on average volume. Thus far, 3.5 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $23.36-$23.73 after having opened the day at $23.69 as compared to the previous trading day's close of $23.95.

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 $11.9 billion and is part of the basic materials sector. Shares are up 4.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Newmont Mining Corporation a buy, 2 analysts rate it a sell, and 9 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 disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. 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 $0.33 (-1.8%) to $17.94 on light volume. Thus far, 5.1 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 17.7 million shares. The stock has ranged in price between $17.83-$18.11 after having opened the day at $18.11 as compared to the previous trading day's close of $18.27.

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 $21.4 billion and is part of the basic materials sector. Shares are up 3.6% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Barrick Gold Corporation a buy, no analysts rate it a sell, and 14 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 weak operating cash flow. 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 4 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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