The metals & mining industry closed the day down 3.9%. Quaterra Resources Inc ( QMM), Uranium Resources Inc ( URRE), Lake Shore Gold ( LSG), and Patriot Coal Corporation ( PCX) were all decliners today within the metals & mining industry with ArcelorMittal ( MT) being today's featured metals & mining loser. ArcelorMittal fell $1.26 (-6.3%) to $18.72 on light volume. Throughout the day, 6.1 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 8.2 million shares. ArcelorMittal, together with its subsidiaries, engages in the production and marketing of steel worldwide. ArcelorMittal has a market cap of $29.9 billion and is part of the basic materials sector. The company has a P/E ratio of 10.1, above the average metals & mining industry P/E ratio of 9.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 47.6% year to date as of the close of trading on Friday. TheStreet Ratings rates ArcelorMittal as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, robust revenue growth and attractive valuation levels. 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.
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