GGB, SLW And GG, 3 Metals & Mining Stocks Pushing The Industry Lower

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 60 points (0.4%) at 16,603 as of Friday, May 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,002 issues advancing vs. 938 declining with 179 unchanged.

The Metals & Mining industry currently sits up 0.2% versus the S&P 500, which is up 0.3%.

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

3. Gerdau ( GGB) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Gerdau is down $0.11 (-1.8%) to $6.07 on average volume. Thus far, 2.8 million shares of Gerdau exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $6.05-$6.20 after having opened the day at $6.19 as compared to the previous trading day's close of $6.18.

Gerdau S.A. produces and commercializes steel products worldwide. Gerdau has a market cap of $10.5 billion and is part of the basic materials sector. Shares are down 21.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that 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 revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Gerdau 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, Silver Wheaton ( SLW) is down $0.29 (-1.4%) to $21.27 on light volume. Thus far, 946,957 shares of Silver Wheaton exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $21.26-$21.61 after having opened the day at $21.60 as compared to the previous trading day's close of $21.56.

Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 20 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and/or gold relating to 24 different mining assets. Silver Wheaton has a market cap of $7.7 billion and is part of the basic materials sector. Shares are up 6.8% year-to-date as of the close of trading on Thursday. Currently there are 12 analysts that rate Silver Wheaton a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Silver Wheaton 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 Silver Wheaton 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, Goldcorp ( GG) is down $0.35 (-1.4%) to $24.30 on light volume. Thus far, 1.7 million shares of Goldcorp exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $24.26-$24.64 after having opened the day at $24.63 as compared to the previous trading day's close of $24.65.

Goldcorp Inc. is engaged in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. Goldcorp has a market cap of $20.1 billion and is part of the basic materials sector. Shares are up 13.8% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 6 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.

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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