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Alcoa Inc (AA): Today's Featured Metals & Mining Loser

Alcoa (AA) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 0.7%. By the end of trading, Alcoa fell 12 cents (-1.4%) to $8.62 on average volume. Throughout the day, 20.4 million shares of Alcoa exchanged hands as compared to its average daily volume of 23.2 million shares. The stock ranged in price between $8.59-$8.77 after having opened the day at $8.74 as compared to the previous trading day's close of $8.75. Other company's within the Metals & Mining industry that declined today were: China Natural Resources (CHNR), down 8.8%, Prospect Global Resources (PGRX), down 5.9%, Hallador Energy (HNRG), down 5.3%, and Great Northern Iron Ore (GNI), down 5%.

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. Alcoa has a market cap of $9.08 billion and is part of the basic materials sector. The company has a P/E ratio of 23, below the average metals & mining industry P/E ratio of 23.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 1.6% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Alcoa a buy, three analysts rate it a sell, and six rate it a hold.

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

On the positive front, Atlatsa Resources (ATL), up 16.6%, Patriot Coal Corporation (PCX), up 13.1%, Midway Gold (MDW), up 9.3%, and Denison Mines Corporation (DNN), up 8.8%, were all gainers within the metals & mining industry with ArcelorMittal (MT) 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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