3 Stocks Pulling The Metals & Mining Industry Downward

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 81 points (0.5%) at 17,082 as of Monday, Aug. 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,780 issues advancing vs. 1,159 declining with 188 unchanged.

The Metals & Mining industry currently sits down 0.4% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the industry include Franco-Nevada ( FNV), down 1.4%, and Barrick Gold ( ABX), down 1.1%. A company within the industry that increased today was Tenaris ( TS), up 1.7%.

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

3. Silver Wheaton ( SLW) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Silver Wheaton is down $0.32 (-1.3%) to $24.52 on average volume. Thus far, 1.6 million shares of Silver Wheaton exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $24.37-$24.79 after having opened the day at $24.73 as compared to the previous trading day's close of $24.84.

Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 20 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and/or gold relating to 24 different mining assets. Silver Wheaton has a market cap of $8.9 billion and is part of the basic materials sector. Shares are up 23.3% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Silver Wheaton a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Silver Wheaton as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Silver Wheaton 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, Goldcorp ( GG) is down $0.35 (-1.3%) to $26.93 on average volume. Thus far, 2.1 million shares of Goldcorp exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $26.71-$27.21 after having opened the day at $27.10 as compared to the previous trading day's close of $27.28.

Goldcorp Inc. is engaged in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. Goldcorp has a market cap of $22.3 billion and is part of the basic materials sector. Shares are up 25.9% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Goldcorp as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Goldcorp 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, Newmont Mining ( NEM) is down $0.42 (-1.6%) to $25.97 on light volume. Thus far, 1.8 million shares of Newmont Mining exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $25.90-$26.37 after having opened the day at $26.37 as compared to the previous trading day's close of $26.39.

Newmont Mining Corporation, together with its subsidiaries, acquires, explores for, and produces gold, copper, and silver deposits. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, Mexico, and Suriname. Newmont Mining has a market cap of $13.3 billion and is part of the basic materials sector. Shares are up 14.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Newmont Mining a buy, 4 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Newmont Mining as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. Get the full Newmont Mining 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).

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