3 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 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 lower today:

3. Cameco ( CCJ) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Cameco is down $0.96 (-4.5%) to $20.26 on heavy volume. Thus far, 2.5 million shares of Cameco exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $20.23-$20.97 after having opened the day at $20.95 as compared to the previous trading day's close of $21.22.

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 $8.7 billion and is part of the basic materials sector. The company has a P/E ratio of 29.3, above the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Cameco a buy, no analysts rate it a sell, and 3 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.

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, Tenaris ( TS) is down $1.33 (-3.0%) to $43.15 on average volume. Thus far, 702,989 shares of Tenaris exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $43.13-$44.55 after having opened the day at $44.46 as compared to the previous trading day's close of $44.48.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Tenaris 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, reasonable valuation levels, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tenaris 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, Freeport-McMoRan Copper & Gold ( FCX) is down $0.93 (-2.9%) to $31.48 on average volume. Thus far, 5.8 million shares of Freeport-McMoRan Copper & Gold exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $31.40-$32.45 after having opened the day at $32.42 as compared to the previous trading day's close of $32.41.

Freeport-McMoRan Copper & Gold Inc. engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. Freeport-McMoRan Copper & Gold has a market cap of $33.6 billion and is part of the basic materials sector. The company has a P/E ratio of 12.3, below the S&P 500 P/E ratio of 17.7. Shares are down 14.1% year-to-date as of the close of trading on Friday. Currently there are 12 analysts that rate Freeport-McMoRan Copper & Gold a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan Copper & Gold as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Freeport-McMoRan Copper & Gold 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).

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