Tenaris SA (TS): Today's Featured Metals & Mining Winner

Tenaris ( TS) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 2.3%. By the end of trading, Tenaris rose $1.49 (4.2%) to $37.01 on average volume. Throughout the day, 2.2 million shares of Tenaris exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $36.73-$37.24 after having opened the day at $36.94 as compared to the previous trading day's close of $35.52. Other companies within the Metals & Mining industry that increased today were: Century Aluminum Company ( CENX), up 11.8%, Novagold Resources ( NG), up 9.5%, Extorre Gold Mines ( XG), up 9.4%, and Lake Shore Gold ( LSG), up 8.6%.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $20.52 billion and is part of the basic materials sector. The company has a P/E ratio of 18.3, above the average metals & mining industry P/E ratio of 15.4 and above the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Tenaris a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, China Gengsheng Minerals ( CHGS), down 10.1%, Pacific Booker Minerals ( PBM), down 8.1%, Great Northern Iron Ore ( GNI), down 5.7%, and Timberline Resources Corporation ( TLR), down 4.4%, were all losers within the metals & mining industry with Arch Coal ( ACI) being today's metals & mining industry loser.

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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