10 Metal and Mining Stocks To Unload

by Louis Navellier | April 18, 2012 5:45 am

[1]Gold prices have rolled back significantly from a high of around $1,920 last summer to about $1,660 currently —  a drop of about 14%. A result, many gold companies are under pressure right now. It’s also worth noting that some diversified miners are seeing trouble not just on the gold front, but across other precious metals like silver and even base metals like copper.

I watch more than 5,000 publicly traded companies with my Portfolio Grader[2] tool, ranking companies by a number of fundamental and quantitative measures. And this week I recommend selling 10 metal and mining stocks.

Here they are, in alphabetical order. Each one of these stocks gets a “D” or “F” according to my research, meaning it is a “sell” or “strong sell.”

ArcelorMittal (NYSE:MT[3]) works with companies in the mining and steel industry and is based in Luxembourg. In the last year, MT stock is down 50%, compared to a gain of 5% for the Dow Jones in the same time. ArcelorMittal stock gets an “F” grade for operating margin growth, an “F” grade for earnings momentum, a “D” grade for the magnitude in which earnings projections have increased over the past months and a “D” grade for return on equity. For more information, view my complete analysis of MT stock[4].

Barrick Gold (NYSE:ABX[5]) is involved with the production and sale of gold. Since last April, ABX stock has dipped 24%. Barrick Gold stock gets a “D” grade for its ability to exceed the consensus earnings estimates on Wall Street and a “D” grade for the magnitude in which earnings projections have increased over the past months. For more information, view my complete analysis of ABX stock[6].

Companhia Siderurgica Nacional (NYSE:SID[7]) works in the steel industry, and is based in Brazil. SID stock is down 43% in the last 12 months. SID stock gets an “F” grade for sales growth, a “D” grade for the magnitude in which earnings projections have increased over the past months and a “D” grade for cash flow. For more information, view my complete analysis of SID stock[8].

Freeport-McMoRan (NYSE:FCX[9]) is involved with copper, gold and molybdenum mining. In the last year, Freeport-McMoRan stock has dropped 28%. FCX stock gets an “F” grade for sales growth, a “D” grade for earnings growth, a “D” grade for earnings momentum and a “D” grade for the magnitude in which earnings projections have increased over the past months. For more information, view my complete analysis of FCX stock[10].

Goldcorp  (NYSE:GG[11]) explores, develops and acquires precious metal properties in the Americas. Goldcorp stock is down 24% in the last 12 months. GG stock gets a “D” grade for earnings momentum and a “D” grade for the magnitude in which earnings projections have increased over the past months. For more information, view my complete analysis of GG stock[12].

Newmont Mining  (NYSE:NEM[13]) is a gold producer that has posted a yearly loss of 17%. NEM stock gets an “F” grade for operating margin growth, an “F” grade for earnings growth, an “F” grade for earnings momentum, a “D” grade for its ability to exceed the consensus earnings estimates on Wall Street. Newmont also gets an “F” grade for the magnitude in which earnings projections have increased over the past months, a “D” grade for cash flow and a “D” grade for return on equity. For more information, view my complete analysis of NEM stock[14].

Posco (NYSE:PKX[15]) is a Korean manufacturer of steel products. Since last April, PKX stock has lost 26%. Posco stock gets a “D” grade for the magnitude in which earnings projections have increased over the past months and an “F” grade for cash flow. For more information, view my complete analysis of PKX stock[16].

Rio Tinto (NYSE:RIO[17]) is engaged in minerals exploration, development, production and processing. In the last year, RIO stock has fallen 23%. RIO stock gets F” grade for its ability to exceed the consensus earnings estimates on Wall Street, a “D” grade for the magnitude in which earnings projections have increased over the past months and a “D” grade for cash flow. For more information, view my complete analysis of RIO stock[18].

Silver Wheaton  (NYSE:SLW[19]) is a mining company primarily involved with silver. SLW stock has dipped 30% since last year. Silver Wheaton stock gets a “D” grade for earnings momentum and a “D” grade for the magnitude in which earnings projections have increased over the past months. For more information, view my complete analysis of SLW stock[20].

Vale (NYSE:VALE[21]) is a Brazil-based metals and mining company that ends the list with a drop of 31% in the last year. Vale stock gets an “F” grade for sales growth, a “D” grade for earnings growth, an “F” grade for earnings momentum and a “D” grade for the magnitude in which earnings projections have increased over the past months. For more information, view my complete analysis of VALE stock[22].

Get more analysis of these picks and other publicly-traded stocks with Louis Navellier’s Portfolio Grader[23] tool, a 100% free stock-rating tool that measures both quantitative buying pressure and eight fundamental factors.

 

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