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Mechel OAO (MTL): Today's Featured Metals & Mining Loser

Mechel OAO (MTL) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 2.5%. By the end of trading, Mechel OAO fell 25 cents (-4.2%) to $5.80 on average volume. Throughout the day, 4.4 million shares of Mechel OAO exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in price between $5.54-$5.83 after having opened the day at $5.71 as compared to the previous trading day's close of $6.05. Other company's within the Metals & Mining industry that declined today were: China Natural Resources (CHNR), down 8.3%, Augusta Resource Corporation (AZC), down 8.3%, Alumina (AWC), down 4.5%, and General Steel Holdings (GSI), down 4.4%.

Mechel OAO, through its subsidiaries, operates as a mining and steel company in the Russian Federation and internationally. The company operates in four segments: Mining, Steel, Ferroalloys, and Power. Mechel OAO has a market cap of $2.53 billion and is part of the basic materials sector. The company has a P/E ratio of 3.9, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 28.8% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Mechel OAO a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Mechel OAO as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself.

On the positive front, Patriot Coal Corporation (PCX), up 22%, Seabridge Gold (SA), up 17.4%, Exeter Resource Corporation (XRA), up 13.8%, and International Tower Hill Mines (THM), up 13%, were all gainers within the metals & mining industry with Newmont Mining Corporation (NEM) being today's featured metals & mining industry winner.

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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