3 Metals & Mining Stocks Pushing The Industry Higher

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.

The Metals & Mining industry currently sits up 0.8% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Gold Fields ( GFI), up 6.7%, POSCO ( PKX), up 4.5%, Barrick Gold ( ABX), up 2.5%, Newmont Mining ( NEM), up 2.2% and Southern Copper ( SCCO), up 1.1%. On the negative front, top decliners within the industry include Freeport-McMoRan ( FCX), down 1.8%, and Vale ( VALE), down 1.4%.

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

3. Anglogold Ashanti ( AU) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Anglogold Ashanti is up $0.78 (3.8%) to $21.16 on average volume. Thus far, 2.1 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $20.66-$21.19 after having opened the day at $20.99 as compared to the previous trading day's close of $20.38.

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AngloGold Ashanti Limited operates as a gold mining and exploration company. The company also produces silver, uranium oxide, copper, and sulphuric acid. Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas. Anglogold Ashanti has a market cap of $8.4 billion and is part of the basic materials sector. Shares are up 187.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Anglogold Ashanti a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Anglogold Ashanti as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Anglogold Ashanti Ratings Report now.

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2. As of noon trading, Agnico Eagle Mines ( AEM) is up $2.33 (4.3%) to $56.61 on average volume. Thus far, 1.1 million shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $55.27-$56.69 after having opened the day at $55.30 as compared to the previous trading day's close of $54.28.

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Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It operates through three segments: Northern Business, Southern Business, and Exploration. Agnico Eagle Mines has a market cap of $12.3 billion and is part of the basic materials sector. Shares are up 106.5% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Agnico Eagle Mines 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 find that the stock itself is trading at a premium valuation. Get the full Agnico Eagle Mines Ratings Report now.

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1. As of noon trading, Silver Wheaton ( SLW) is up $0.80 (3.1%) to $26.21 on average volume. Thus far, 2.7 million shares of Silver Wheaton exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $25.70-$26.26 after having opened the day at $25.81 as compared to the previous trading day's close of $25.41.

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Silver Wheaton Corp. operates as a precious metals streaming company worldwide. It has 19 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold relating to various 29 mining assets. Silver Wheaton has a market cap of $11.3 billion and is part of the basic materials sector. Shares are up 104.6% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full Silver Wheaton 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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