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Gerdau SA (GGB): Today's Featured Metals & Mining Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Gerdau (GGB) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole was unchanged today. By the end of trading, Gerdau fell $0.14 (-1.8%) to $7.50 on average volume. Throughout the day, 7,661,035 shares of Gerdau exchanged hands as compared to its average daily volume of 7,652,400 shares. The stock ranged in price between $7.48-$7.68 after having opened the day at $7.64 as compared to the previous trading day's close of $7.64. Other companies within the Metals & Mining industry that declined today were: Prospect Global Resources (PGRX), down 18.0%, Crosshair Energy (CXZ), down 14.5%, L & L Energy (LLEN), down 14.1% and China Gengsheng Minerals (CHGS), down 10.8%.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $12.9 billion and is part of the basic materials sector. Shares are down 15.0% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Gerdau a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Gerdau as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins.

On the positive front, Rare Element Resources (REE), up 10.0%, AK Steel Holding Corporation (AKS), up 6.7%, Mechel OAO (MTL), up 6.5% and Sibanye Gold Ltd ADR (SBGL), up 6.2% , were all gainers within the metals & mining industry with Freeport-McMoRan Copper & Gold (FCX) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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