3 Stocks Dragging The Metals & Mining Industry Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 18 points (-0.1%) at 17,584 as of Thursday, Dec. 24, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,617 issues advancing vs. 1,280 declining with 175 unchanged.

The Metals & Mining industry currently sits up 1.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Goldcorp ( GG), up 3.5%, Franco-Nevada ( FNV), up 2.8% and Barrick Gold ( ABX), up 2.1%.

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

3. POSCO ( PKX) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, POSCO is down $0.44 (-1.1%) to $38.37 on average volume. Thus far, 204,445 shares of POSCO exchanged hands as compared to its average daily volume of 465,500 shares. The stock has ranged in price between $37.86-$38.38 after having opened the day at $37.86 as compared to the previous trading day's close of $38.81.

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POSCO manufactures and sells steel rolled products and plates in South Korea. Its Steel segment offers cold rolled and hot rolled products, plates, wire rods, silicon steel sheets, and stainless steel products; and pig iron, billets, blooms, and slabs. POSCO has a market cap of $13.0 billion and is part of the basic materials sector. Shares are down 39.2% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates POSCO 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, poor profit margins and weak operating cash flow. Get the full POSCO Ratings Report now.

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2. As of noon trading, Tenaris ( TS) is down $0.19 (-0.8%) to $24.51 on light volume. Thus far, 653,962 shares of Tenaris exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $24.40-$24.69 after having opened the day at $24.60 as compared to the previous trading day's close of $24.70.

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Tenaris S.A., through its subsidiaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. Tenaris has a market cap of $14.0 billion and is part of the basic materials sector. Shares are down 18.2% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tenaris 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Tenaris Ratings Report now.

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1. As of noon trading, Vale ( VALE) is down $0.13 (-3.8%) to $3.30 on light volume. Thus far, 4.7 million shares of Vale exchanged hands as compared to its average daily volume of 25.9 million shares. The stock has ranged in price between $3.29-$3.44 after having opened the day at $3.41 as compared to the previous trading day's close of $3.43.

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Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Vale has a market cap of $16.2 billion and is part of the basic materials sector. Shares are down 58.1% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Vale a buy, 6 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Vale as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Vale 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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