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ArcelorMittal SA (MT): Today's Featured Metals & Mining Winner

Stock quotes in this article: MT

ArcelorMittal ( MT) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.6%. By the end of trading, ArcelorMittal rose 24 cents (1.6%) to $14.91 on average volume. Throughout the day, 5.6 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.9 million shares. The stock ranged in a price between $14.80-$15.03 after having opened the day at $14.84 as compared to the previous trading day's close of $14.67. Other companies within the Metals & Mining industry that increased today were: Polymet Mining ( PLM), up 9.5%, L & L Energy ( LLEN), up 8.1%, James River Coal Company ( JRCC), up 7.4%, and Atlatsa Resources ( ATL), up 5.7%.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. ArcelorMittal has a market cap of $22.87 billion and is part of the basic materials sector. The company has a P/E ratio of 16.7, below the average metals & mining industry P/E ratio of 28.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 19.4% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates ArcelorMittal 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 negative front, Exeter Resource Corporation ( XRA), down 12.1%, North American Palladium ( PAL), down 9.9%, Entree Gold ( EGI), down 9.3%, and Crosshair Energy ( CXZ), down 5.7%, were all losers within the metals & mining industry with Goldcorp ( GG) 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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