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Walter Energy Inc (WLT): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Walter Energy ( WLT) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.6%. By the end of trading, Walter Energy fell $0.42 (-2.5%) to $16.64 on average volume. Throughout the day, 5,785,137 shares of Walter Energy exchanged hands as compared to its average daily volume of 5,362,300 shares. The stock ranged in price between $16.43-$17.47 after having opened the day at $17.26 as compared to the previous trading day's close of $17.06. Other companies within the Metals & Mining industry that declined today were: Great Basin Gold ( GBG), down 8.6%, Avalon Rare Metals ( AVL), down 7.4%, Tasman Metals ( TAS), down 7.2% and Ossen Innovation ( OSN), down 6.8%.

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Walter Energy, Inc. produces and exports metallurgical coal for the steel industry. It also produces thermal and industrial coal, anthracite, metallurgical coke, coal bed methane gas, and other related products. Walter Energy has a market cap of $1.1 billion and is part of the basic materials sector. Shares are down 52.5% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Walter Energy a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Walter Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow.

On the positive front, Quaterra Resources ( QMM), down 13.2%, Paramount Gold and Silver Corporation ( PZG), down 12.0%, Mines Management ( MGN), down 11.8% and Fortuna Silver Mines ( FSM), down 10.4% , were all gainers within the metals & mining industry with Barrick Gold Corporation ( ABX) being today's featured metals & mining industry leader.

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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