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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 17,085 as of Tuesday, Sept. 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,160 issues advancing vs. 1,849 declining with 136 unchanged.

The Metals & Mining industry currently sits up 6.4% versus the S&P 500, which is down 0.2%.

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 $0.40 (-1.7%) to $22.97 on average volume. Thus far, 3.0 million shares of Goldcorp exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $22.84-$23.34 after having opened the day at $23.08 as compared to the previous trading day's close of $23.37.

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 $19.1 billion and is part of the basic materials sector. Shares are up 7.8% year-to-date as of the close of trading on Monday. 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, Barrick Gold ( ABX) is down $0.34 (-2.3%) to $14.66 on heavy volume. Thus far, 8.4 million shares of Barrick Gold exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $14.56-$15.00 after having opened the day at $14.88 as compared to the previous trading day's close of $15.00.

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 $17.8 billion and is part of the basic materials sector. Shares are down 14.9% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Barrick Gold a buy, 1 analyst rates it a sell, and 14 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.

1. As of noon trading, Newmont Mining ( NEM) is down $0.40 (-1.7%) to $23.08 on average volume. Thus far, 4.4 million shares of Newmont Mining exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $22.90-$23.59 after having opened the day at $23.30 as compared to the previous trading day's close of $23.48.

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 $11.9 billion and is part of the basic materials sector. Shares are up 1.9% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Newmont Mining a buy, 4 analysts rate it a sell, and 9 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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