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.

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