3 Stocks Underperforming Today In The Metals & Mining Industry

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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 lower today:

3. Eldorado Gold ( EGO) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Eldorado Gold is down $0.31 (-3.9%) to $7.60 on average volume. Thus far, 1.9 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $7.56-$7.94 after having opened the day at $7.92 as compared to the previous trading day's close of $7.91.

Eldorado Gold Corporation, together with its subsidiaries, is engaged in the exploration, discovery, development, production, and reclamation of gold properties in Brazil, China, Greece, Turkey, and Romania. The company also explores for iron, silver, lead, zinc, and copper ores. Eldorado Gold has a market cap of $5.3 billion and is part of the basic materials sector. Shares are up 39.0% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Eldorado 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 generally disappointing historical performance in the stock itself. Get the full Eldorado Gold Ratings Report now.

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