3 Stocks Driving The Metals & Mining Industry Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Metals & Mining industry currently sits up 0.2% versus the S&P 500, which is unchanged.

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

3. Gerdau ( GGB) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Gerdau is up $0.18 (3.0%) to $6.09 on average volume. Thus far, 3.0 million shares of Gerdau exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $5.90-$6.12 after having opened the day at $5.92 as compared to the previous trading day's close of $5.91.

Gerdau S.A. produces and commercializes steel products worldwide. Gerdau has a market cap of $10.2 billion and is part of the basic materials sector. Shares are down 24.6% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Gerdau a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself. Get the full Gerdau 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 liked this article you might like

Trader's Daily Notebook: It's Too Early to Put on the Bear Suit

Trade-Ideas: Gerdau (GGB) Is Today's "Perilous Reversal" Stock

Strong On High Relative Volume: Gerdau (GGB)

Gerdau: Low Price, Big Potential

3 Metals & Mining Stocks On The Rise