The metals & mining industry closed the day down 0.6%. Oilsands Quest Inc ( BQI), Minco Gold Corporation ( MGH), China Precision Steel Inc ( CPSL), and SunCoke Energy Inc ( SXC) were all winners today within the metals & mining industry with Walter Energy Inc ( WLT) being today's featured metals & mining winner. Walter Energy Inc rose $8.45 (12.7%) to $75.22 on heavy volume. Throughout the day, 6.2 million shares of Walter Energy Inc exchanged hands as compared to its average daily volume of 3.6 million shares. Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces steam coal, coal bed methane gas, metallurgical coke, and other related products. It principally serves electric utility and industrial customers. Walter Energy Inc has a market cap of $4.1 billion and is part of the basic materials sector. The company has a P/E ratio of 8.8, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 47.8% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Walter Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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