3 Stocks Dragging 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Metals & Mining industry currently sits down 1.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Eldorado Gold ( EGO), down 4.3%, POSCO ( PKX), down 1.3% and Southern Copper ( SCCO), down 1.2%.

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

3. Goldcorp ( GG) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Goldcorp is down $1.30 (-4.7%) to $26.76 on average volume. Thus far, 3.2 million shares of Goldcorp exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $26.75-$27.33 after having opened the day at $27.31 as compared to the previous trading day's close of $28.07.

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 $22.8 billion and is part of the basic materials sector. Shares are up 29.5% 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.

2. As of noon trading, Newmont Mining ( NEM) is down $0.80 (-3.0%) to $26.29 on average volume. Thus far, 2.6 million shares of Newmont Mining exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $26.23-$26.85 after having opened the day at $26.65 as compared to the previous trading day's close of $27.09.

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 $13.5 billion and is part of the basic materials sector. Shares are up 17.6% 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.

1. As of noon trading, Barrick Gold ( ABX) is down $0.49 (-2.7%) to $17.90 on average volume. Thus far, 4.4 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $17.83-$18.13 after having opened the day at $18.04 as compared to the previous trading day's close of $18.39.

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 $21.4 billion and is part of the basic materials sector. Shares are up 4.3% year-to-date as of the close of trading on Friday. 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 weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Barrick Gold 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).

null

More from Markets

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec