ArcelorMittal SA (MT): Today's Featured Metals & Mining Winner
(
) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 1%. By the end of trading, ArcelorMittal rose 23 cents (1.5%) to $15.43 on light volume. Throughout the day, 4.7 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 8.6 million shares. The stock ranged in a price between $15.17-$15.70 after having opened the day at $15.19 as compared to the previous trading day's close of $15.20. Other companies within the Metals & Mining industry that increased today were:
(
), up 15.1%,
Anooraq Resources Corporation
(
ANO
), up 8.3%,
(
), up 8%, and
(
), up 7.6%.
ArcelorMittal, together with its subsidiaries, engages in the production and marketing of steel worldwide. ArcelorMittal has a market cap of $25.09 billion and is part of the
sector. The company has a P/E ratio of 7.9, below the average metals & mining industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 60.1% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates ArcelorMittal as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
- You can view the full ArcelorMittal Ratings Report.
On the negative front,
(
), down 9.9%,
(
), down 6.8%,
(
), down 6.8%, and
(
), down 5.9%, were all losers within the metals & mining industry with
(
) being today's metals & mining industry loser.
- 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
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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