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Steel Dynamics Inc (STLD): Today's Featured Metals & Mining Loser

Steel Dynamics (STLD) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 1.9%. By the end of trading, Steel Dynamics fell 8 cents (-0.8%) to $10.41 on heavy volume. Throughout the day, 4.9 million shares of Steel Dynamics exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in price between $10.30-$10.67 after having opened the day at $10.53 as compared to the previous trading day's close of $10.50. Other company's within the Metals & Mining industry that declined today were: Timberline Resources Corporation (TLR), down 6.1%, China Precision Steel (CPSL), down 5.4%, Pacific Booker Minerals (PBM), down 5.1%, and Atlatsa Resources (ATL), down 5%.

Steel Dynamics, Inc., together with its subsidiaries, engages in the manufacture and sale of steel products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. Steel Dynamics has a market cap of $2.41 billion and is part of the basic materials sector. The company has a P/E ratio of 10.9, below the average metals & mining industry P/E ratio of 11.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 19.5% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Steel Dynamics a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Steel Dynamics as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins.

On the positive front, Mountain Province Diamonds (MDM), up 10.6%, Great Basin Gold (GBG), up 8.1%, Vista Gold Corporation (VGZ), up 8.1%, and Northwest Pipe Company (NWPX), up 8%, were all gainers within the metals & mining industry with Freeport-McMoRan Copper & Gold (FCX) 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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