3 Metals & Mining Stocks Pushing Industry Growth

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 205 points (-1.3%) at 15,494 as of Monday, Feb. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 659 issues advancing vs. 2,313 declining with 134 unchanged.

The Metals & Mining industry currently sits down 0.3% versus the S&P 500, which is down 1.3%.

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

3. Randgold Resources ( GOLD) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Randgold Resources is up $3.87 (5.6%) to $72.77 on heavy volume. Thus far, 819,221 shares of Randgold Resources exchanged hands as compared to its average daily volume of 851,100 shares. The stock has ranged in price between $71.60-$73.20 after having opened the day at $71.80 as compared to the previous trading day's close of $68.90.

Randgold Resources Limited engages in the exploration and development of gold deposits in Sub-Saharan Africa. Randgold Resources has a market cap of $6.3 billion and is part of the basic materials sector. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Randgold Resources a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Randgold 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 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, deteriorating net income and disappointing return on equity. Get the full Randgold Resources Ratings Report now.

3x UPSIDE POTENTIAL: 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, Goldcorp ( GG) is up $0.45 (1.8%) to $25.34 on average volume. Thus far, 3.9 million shares of Goldcorp exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $24.98-$25.60 after having opened the day at $25.25 as compared to the previous trading day's close of $24.89.

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 $19.6 billion and is part of the basic materials sector. Shares are up 11.4% year-to-date as of the close of trading on Friday. Currently there are 13 analysts who rate Goldcorp a buy, 1 analyst rates it a sell, and 5 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.

3x UPSIDE POTENTIAL: 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 up $0.26 (1.4%) to $19.54 on average volume. Thus far, 8.2 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 16.6 million shares. The stock has ranged in price between $19.35-$19.76 after having opened the day at $19.48 as compared to the previous trading day's close of $19.28.

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 $22.4 billion and is part of the basic materials sector. Shares are up 9.4% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Barrick Gold Corporation a buy, 1 analyst rates 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.

3x UPSIDE POTENTIAL: 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).

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