3 Metals & Mining Stocks Pushing Industry Growth

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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.

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