Investors are Dumping These Basic Materials Stocks This Afternoon

Through early afternoon trading on Wednesday, August 24, 2011, these stocks are bringing down the Basic Materials (NYSE:XLB) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Shares of Newmont Mining Corporation (Holding Company) (NYSE:NEM) are trading at $59.56, down $1.67 (-2.8%) from a previous close of $61.25. Newmont Mining Corp. explores and acquires gold properties and produces copper.

Stock Price Performance: During June 27, 2011 to August 23, 2011, the stock price had risen $8.93 (17.1%) from $52.32 to $61.25. The stock price saw one of its best stretches over the last year between May 13, 2011 and May 31, 2011 when shares rose for 12-straight days, rising 7.2% (+$3.77) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 7.5% (-$4.21) over that span.

CF Industries Holdings, Inc. (NYSE:CF) is among the price losers in the sector today as its stock price is $173.53, down $5.47 (-3%) from a previous close of $178.95. CF Industries Holdings Inc is a manufacturer and distributor of nitrogen and phosphate fertilizer products, including ammonia, urea, urea ammonium nitrate solution, diammonium phosphate and monoammonium phosphate.

Stock Price Performance: During June 27, 2011 to August 23, 2011, the stock price had risen $35.36 (24.6%) from $143.59 to $178.95. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 5, 2011 when shares rose for seven-straight days, rising 12.3% (+$15.70) over that span. It saw one of its worst periods between April 5, 2011 and April 12, 2011 when shares fell for six-straight days, falling 6.8% (-$9.73) over that span.

Yamana Gold Inc. (NYSE:AUY) stocks are trading at $14.91. This is 35 cents (-2.6%) below the previous close of $15.31, making the company one of the biggest price losers in the sector today. Yamana Gold Inc. is a gold producer with significant gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.

Stock Price Performance: During June 27, 2011 to August 23, 2011, the stock price had risen $4.01 (35.5%) from $11.30 to $15.31. The stock price saw one of its best stretches over the last year between November 26, 2010 and December 6, 2010 when shares rose for seven-straight days, rising 12.7% (+$1.42) over that span. It saw one of its worst periods between June 21, 2011 and June 27, 2011 when shares fell for five-straight days, falling 2.9% (-34 cents) over that span.

Shares of Royal Gold, Inc. (NASDAQ:RGLD) are trading at $68.85, down $2.65 (-3.7%) from a previous close of $71.52. Royal Gold Inc, together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties. The Company owns royalty interests that are currently in development stage.

Stock Price Performance: During June 27, 2011 to August 23, 2011, the stock price had risen $14.61 (25.7%) from $56.91 to $71.52. The stock price saw one of its best stretches over the last year between April 12, 2011 and April 21, 2011 when shares rose for eight-straight days, rising 15% (+$7.84) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 5.9% (-$3.66) over that span.

Steel Dynamics, Inc. (NASDAQ:STLD) is among the price losers in the sector today as its stock price is $11.32, down 33 cents (-3%) from a previous close of $11.67. Steel Dynamics, Inc. together with its subsidiaries is a domestic manufacturer of steel products and metals recycler.

Stock Price Performance: During May 27, 2011 to August 23, 2011, the stock price had fallen $5.24 (-31%) from $16.91 to $11.67. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 8, 2010 when shares rose for eight-straight days, rising 10.4% (+$1.48) over that span. It saw one of its worst periods between April 5, 2011 and April 18, 2011 when shares fell for 10-straight days, falling 10.9% (-$2.13) over that span.

More from The Cheat Sheet