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TheStreet Wire

United States Steel Corporation (X): Today's Featured Metals & Mining Laggard

By TheStreet Wire 07/30/12 - 05:01 PM EDT

Find out if (X) is in Cramer's Portfolio.

United States Steel Corporation (X) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.5%. By the end of trading, United States Steel Corporation fell 16 cents (-0.8%) to $18.92 on light volume. Throughout the day, 6.1 million shares of United States Steel Corporation exchanged hands as compared to its average daily volume of 9.6 million shares. The stock ranged in price between $18.68-$19.27 after having opened the day at $19 as compared to the previous trading day's close of $19.08. Other company's within the Metals & Mining industry that declined today were: General Steel Holdings (GSI), down 11.8%, Entree Gold (EGI), down 7.9%, China Natural Resources (CHNR), down 6.9%, and Quest Rare Minerals (QRM), down 5.9%.

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United States Steel Corporation engages in the production and sale of steel mill products in North America and Europe. The company operates in three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). United States Steel Corporation has a market cap of $2.63 billion and is part of the basic materials sector. Shares are down 27.9% year to date as of the close of trading on Friday. Currently there are five analysts that rate United States Steel Corporation a buy, two analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates United States Steel Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally weak debt management, poor profit margins and generally disappointing historical performance in the stock itself.

You can view the full United States Ratings Report.

On the positive front, Jaguar Mining (JAG), up 24.4%, Platinum Group Metal (PLG), up 11.8%, Quaterra Resources (QMM), up 8.6%, and China Precision Steel (CPSL), up 8%, were all gainers within the metals & mining industry with Goldcorp (GG) being today's featured metals & mining industry leader.

Use our metals & mining section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

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).

Find other investment ideas from our top rated ETFs lists.

For more information on United States Steel Corporation click any of the following:

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