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

Stock quotes in this article: MT

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.

ArcelorMittal ( MT) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.7%. By the end of trading, ArcelorMittal fell $0.40 (-2.3%) to $16.89 on average volume. Throughout the day, 3,863,860 shares of ArcelorMittal exchanged hands as compared to its average daily volume of 4,900,800 shares. The stock ranged in price between $16.78-$17.05 after having opened the day at $17.01 as compared to the previous trading day's close of $17.29. Other companies within the Metals & Mining industry that declined today were: Augusta Resource Corporation ( AZC), down 14.6%, Timmins Gold ( TGD), down 9.7%, James River Coal Company ( JRCC), down 9.2% and Exeter Resource Corporation ( XRA), down 8.9%.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $26.8 billion and is part of the basic materials sector. Shares are down 1.7% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally high debt management risk.

On the positive front, Quaterra Resources ( QMM), up 14.0%, Mountain Province Diamonds ( MDM), up 8.9%, Mechel OAO ( MTL), up 8.6% and Oxford Resource Partners ( OXF), up 7.0% , were all gainers within the metals & mining industry with Cliffs Natural Resources ( CLF) 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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