3 Metals & Mining Stocks Driving The Industry Higher

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 120 points (-0.7%) at 18,024 as of Wednesday, June 24, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,001 issues advancing vs. 1,949 declining with 196 unchanged.

The Metals & Mining industry currently sits down 0.1% versus the S&P 500, which is down 0.4%.

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 $1.08 (3.6%) to $31.23 on average volume. Thus far, 867,431 shares of Southern Copper exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $30.40-$31.33 after having opened the day at $30.41 as compared to the previous trading day's close of $30.15.

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Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Southern Copper has a market cap of $23.9 billion and is part of the basic materials sector. Shares are up 6.9% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Southern Copper a buy, no analysts rate it a sell, and 4 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 expanding profit margins, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and weak operating cash flow. Get the full Southern Copper Ratings Report now.

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2. As of noon trading, Goldcorp ( GG) is up $0.32 (1.9%) to $16.89 on average volume. Thus far, 2.7 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.1 million shares. The stock has ranged in price between $16.57-$16.89 after having opened the day at $16.58 as compared to the previous trading day's close of $16.57.

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Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits. Goldcorp has a market cap of $13.5 billion and is part of the basic materials sector. Shares are down 10.5% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate Goldcorp a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Goldcorp as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Goldcorp Ratings Report now.

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1. As of noon trading, Freeport-McMoRan ( FCX) is up $0.84 (4.2%) to $20.94 on heavy volume. Thus far, 14.5 million shares of Freeport-McMoRan exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $20.15-$21.17 after having opened the day at $20.16 as compared to the previous trading day's close of $20.11.

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Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. Freeport-McMoRan has a market cap of $20.2 billion and is part of the basic materials sector. Shares are down 13.9% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Freeport-McMoRan a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Freeport-McMoRan as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Freeport-McMoRan Ratings Report now.

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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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