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Globe Specialty Metals Inc. (GSM): Today's Featured Metals & Mining Winner

Globe Specialty Metals Inc ( GSM) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 3.5%. By the end of trading, Globe Specialty Metals Inc rose 10 cents (0.7%) to $13.99 on average volume. Throughout the day, 959,326 shares of Globe Specialty Metals Inc exchanged hands as compared to its average daily volume of 950,000 shares. The stock ranged in a price between $13.72-$14.37 after having opened the day at $13.84 as compared to the previous trading day's close of $13.89. Other companies within the Metals & Mining industry that increased today were: Lihua International Inc ( LIWA), up 10.3%, Sutor Technology Group ( SUTR), up 9.4%, Ossen Innovation ( OSN), up 6%, and Mines Management Inc ( MGN), up 3.8%.

Globe Specialty Metals, Inc., together with its subsidiaries, produces and sells silicon metal and silicon-based alloys in North America, Europe, South America, and Asia. The company primarily offers silicon metal that is used as a raw material for silicone compounds, aluminum, and polysilicon. Globe Specialty Metals Inc has a market cap of $1.1 billion and is part of the basic materials sector. The company has a P/E ratio of 16.4, above the average metals & mining industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7. Shares are down 18.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Globe Specialty as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins.

On the negative front, Ternium ( TX), down 18%, Comstock Mining Inc ( LODE), down 11%, Gold Reserve Inc ( GRZ), down 10.5%, and Mechel OAO ( MTL), down 10%, were all losers within the metals & mining industry with Vale S.A ( VALE) being today's metals & mining industry loser.

For investors not wanting singular stock exposure, 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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