ArcelorMittal SA (MT): Today's Featured Metals & Mining Loser - TheStreet

ArcelorMittal

(

MT

) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day down 1.9%. By the end of trading, ArcelorMittal fell 75 cents (-5%) to $14.15 on average volume. Throughout the day, 8.5 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 7.1 million shares. The stock ranged in price between $14.10-$14.45 after having opened the day at $14.45 as compared to the previous trading day's close of $14.90. Other company's within the Metals & Mining industry that declined today were:

China Precision Steel

(

CPSL

), down 10.2%,

United States Antimony Corporation

(

UAMY

), down 10.2%,

James River Coal Company

(

JRCC

), down 9.9%, and

USEC

(

USU

), down 9.1%.

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ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. ArcelorMittal has a market cap of $23.29 billion and is part of the

basic materials

sector. The company has a P/E ratio of 16.6, below the average metals & mining industry P/E ratio of 29.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 18.1% year to date as of the close of trading on Friday. 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 positive front,

China Natural Resources

(

CHNR

), up 7%,

Great Northern Iron Ore

(

GNI

), up 5.1%,

Atlatsa Resources

(

ATL

), up 5%, and

Golden Minerals

(

AUMN

), up 4.7%, were all gainers within the metals & mining industry with

Newmont Mining Corporation

(

NEM

) being today's featured metals & mining industry winner.

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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