3 Stocks Improving Performance Of The Metals & Mining Industry

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 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Metals & Mining industry currently sits down 0.4% versus the S&P 500, which is up 0.2%.

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

3. Southern Copper ( SCCO) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Southern Copper is up $0.57 (1.8%) to $32.89 on average volume. Thus far, 633,130 shares of Southern Copper exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $32.36-$32.91 after having opened the day at $32.40 as compared to the previous trading day's close of $32.32.

Southern Copper Corporation is engaged in the mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Southern Copper has a market cap of $27.4 billion and is part of the basic materials sector. Shares are up 12.6% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Southern Copper a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Southern Copper as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance 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 and deteriorating net income. Get the full Southern Copper Ratings Report now.

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