3 Stocks Pushing The Metals & Mining 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.

The Metals & Mining industry as a whole closed the day down 1.3% versus the S&P 500, which was down 0.5%. Laggards within the Metals & Mining industry included Ossen Innovation ( OSN), down 3.2%, Minco Gold ( MGH), down 2.2%, Oxford Resource Partners ( OXF), down 3.6%, United States Antimony ( UAMY), down 5.6% and Quest Rare Minerals ( QRM), down 3.1%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

United States Antimony ( UAMY) is one of the companies that pushed the Metals & Mining industry lower today. United States Antimony was down $0.09 (5.6%) to $1.51 on light volume. Throughout the day, 16,767 shares of United States Antimony exchanged hands as compared to its average daily volume of 26,500 shares. The stock ranged in price between $1.50-$1.60 after having opened the day at $1.60 as compared to the previous trading day's close of $1.60.

United States Antimony Corporation produces and sells antimony, silver, gold, and zeolite products in the United States. United States Antimony has a market cap of $101.4 million and is part of the basic materials sector. Shares are down 18.8% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates United States Antimony as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on UAMY go as follows:

  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Metals & Mining industry and the overall market, U S ANTIMONY CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for U S ANTIMONY CORP is currently extremely low, coming in at 4.54%. Regardless of UAMY's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, UAMY's net profit margin of -12.12% significantly underperformed when compared to the industry average.
  • U S ANTIMONY CORP reported flat earnings per share in the most recent quarter. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, U S ANTIMONY CORP reported poor results of -$0.03 versus -$0.01 in the prior year.
  • The company, on the basis of net income growth from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Metals & Mining industry average. The net income increased by 12.5% when compared to the same quarter one year prior, going from -$0.41 million to -$0.36 million.
  • UAMY, with its decline in revenue, slightly underperformed the industry average of 4.5%. Since the same quarter one year prior, revenues slightly dropped by 0.5%. Weakness in the company's revenue seems to not be hurting the bottom line, shown by stable earnings per share.

You can view the full analysis from the report here: United States Antimony Ratings Report

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At the close, Oxford Resource Partners ( OXF) was down $0.03 (3.6%) to $0.80 on light volume. Throughout the day, 29,331 shares of Oxford Resource Partners exchanged hands as compared to its average daily volume of 44,800 shares. The stock ranged in price between $0.80-$0.88 after having opened the day at $0.85 as compared to the previous trading day's close of $0.83.

Oxford Resource Partners, LP produces and markets thermal coal in the United States. The company markets its thermal coal to utilities, industrial customers, municipalities, and other coal-related entities. Oxford Resource Partners has a market cap of $8.9 million and is part of the basic materials sector. Shares are down 32.5% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Oxford Resource Partners a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Oxford Resource Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on OXF go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 55.6% when compared to the same quarter one year ago, falling from -$6.55 million to -$10.19 million.
  • The gross profit margin for OXFORD RESOURCE PARTNERS LP is rather low; currently it is at 15.95%. Regardless of OXF's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, OXF's net profit margin of -13.05% significantly underperformed when compared to the industry average.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 57.29%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 32.25% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • OXFORD RESOURCE PARTNERS LP's earnings per share declined by 32.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, OXFORD RESOURCE PARTNERS LP continued to lose money by earning -$1.07 versus -$1.27 in the prior year. For the next year, the market is expecting a contraction of 12.1% in earnings (-$1.20 versus -$1.07).
  • OXF, with its decline in revenue, slightly underperformed the industry average of 3.2%. Since the same quarter one year prior, revenues slightly dropped by 9.9%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

You can view the full analysis from the report here: Oxford Resource Partners Ratings Report

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Ossen Innovation ( OSN) was another company that pushed the Metals & Mining industry lower today. Ossen Innovation was down $0.03 (3.2%) to $0.90 on light volume. Throughout the day, 5,216 shares of Ossen Innovation exchanged hands as compared to its average daily volume of 20,900 shares. The stock ranged in price between $0.90-$0.93 after having opened the day at $0.91 as compared to the previous trading day's close of $0.93.

Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China. Ossen Innovation has a market cap of $18.5 million and is part of the basic materials sector. Shares are down 21.9% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates Ossen Innovation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

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Highlights from TheStreet Ratings analysis on OSN go as follows:

  • OSN's very impressive revenue growth greatly exceeded the industry average of 4.5%. Since the same quarter one year prior, revenues leaped by 92.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • This stock has managed to rise its share value by 58.33% over the past twelve months. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, OSSEN INNOVATION CO LTD -ADR has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • The gross profit margin for OSSEN INNOVATION CO LTD -ADR is currently extremely low, coming in at 10.81%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 1.71% significantly trails the industry average.
  • Net operating cash flow has significantly decreased to -$1.13 million or 112.47% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

You can view the full analysis from the report here: Ossen Innovation Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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