3 Stocks Pulling 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,217 as of Wednesday, Feb. 26, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 910 declining with 172 unchanged.

The Metals & Mining industry currently sits down 0.7% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Tenaris ( TS), down 0.7%, and ArcelorMittal ( MT), down 0.6%.

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

3. Goldcorp ( GG) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Goldcorp is down $0.41 (-1.5%) to $26.84 on light volume. Thus far, 2.4 million shares of Goldcorp exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $26.82-$27.24 after having opened the day at $26.98 as compared to the previous trading day's close of $27.25.

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 $22.4 billion and is part of the basic materials sector. Shares are up 27.5% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Goldcorp 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, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. 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 $0.28 (-1.2%) to $23.47 on average volume. Thus far, 4.4 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 10.9 million shares. The stock has ranged in price between $23.43-$23.91 after having opened the day at $23.66 as compared to the previous trading day's close of $23.75.

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 $11.7 billion and is part of the basic materials sector. Shares are up 2.8% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Newmont Mining Corporation a buy, 5 analysts rate it a sell, and 8 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 deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. 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 $0.46 (-2.2%) to $20.57 on average volume. Thus far, 6.8 million shares of Barrick Gold Corporation exchanged hands as compared to its average daily volume of 15.3 million shares. The stock has ranged in price between $20.51-$21.07 after having opened the day at $20.92 as compared to the previous trading day's close of $21.03.

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 $24.7 billion and is part of the basic materials sector. Shares are up 19.6% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate 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 disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. 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 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%