3 Metals & Mining Stocks Dragging The Industry Down

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 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Metals & Mining industry currently sits down 1.0% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include ArcelorMittal ( MT), down 1.8%, and Nucor ( NUE), down 1.3%. A company within the industry that increased today was Southern Copper ( SCCO), up 1.2%.

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

3. Barrick Gold ( ABX) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Barrick Gold is down $0.27 (-1.5%) to $18.17 on heavy volume. Thus far, 7.3 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 9.5 million shares. The stock has ranged in price between $18.02-$18.27 after having opened the day at $18.21 as compared to the previous trading day's close of $18.44.

Barrick Gold Corporation produces and sells gold and copper. It is also involved in exploration and mine development activities. Barrick Gold has a market cap of $21.5 billion and is part of the basic materials sector. Shares are up 4.6% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Barrick Gold a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Barrick Gold 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 and weak operating cash flow. Get the full Barrick 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.

2. As of noon trading, Alcoa ( AA) is down $0.17 (-1.1%) to $14.81 on average volume. Thus far, 7.5 million shares of Alcoa exchanged hands as compared to its average daily volume of 16.5 million shares. The stock has ranged in price between $14.80-$15.05 after having opened the day at $14.99 as compared to the previous trading day's close of $14.98.

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Alcoa has a market cap of $17.6 billion and is part of the basic materials sector. Shares are up 40.9% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts that rate Alcoa a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Alcoa as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Alcoa 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, Vale ( VALE) is down $0.25 (-1.8%) to $13.78 on average volume. Thus far, 9.1 million shares of Vale exchanged hands as compared to its average daily volume of 18.3 million shares. The stock has ranged in price between $13.77-$13.97 after having opened the day at $13.96 as compared to the previous trading day's close of $14.03.

Vale S.A. is engaged in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals. Vale has a market cap of $72.3 billion and is part of the basic materials sector. Shares are down 8.0% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts that rate Vale a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Vale as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Vale 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

European Automakers Gain on Reports China Mulling Auto Tariff Reduction

European Automakers Gain on Reports China Mulling Auto Tariff Reduction

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts

Samsung Posts Record Q1 But Adds Cautious Voice To Smartphone Demand Forecasts

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI