Alcoa Inc (AA): Today's Featured Metals & Mining Loser

Alcoa ( AA) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 0.7%. By the end of trading, Alcoa fell 11 cents (-1.1%) to $9.75 on light volume. Throughout the day, 18.1 million shares of Alcoa exchanged hands as compared to its average daily volume of 25.2 million shares. The stock ranged in price between $9.70-$9.90 after having opened the day at $9.87 as compared to the previous trading day's close of $9.86. Other company's within the Metals & Mining industry that declined today were: Ossen Innovation ( OSN), down 7.6%, Pacific Booker Minerals ( PBM), down 4.3%, Alpha Natural Resources ( ANR), down 3.8%, and Patriot Coal Corporation ( PCX), down 3.6%.

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. Alcoa has a market cap of $10.47 billion and is part of the basic materials sector. The company has a P/E ratio of 17.9, below the average metals & mining industry P/E ratio of 27.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 14% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate Alcoa a buy, three analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Alcoa 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, Westmoreland Coal ( WLB), up 10.4%, Agnico-Eagle Mines ( AEM), up 9.8%, Cardero Resources Corporation ( CDY), up 9.2%, and Lake Shore Gold ( LSG), up 7.6%, were all gainers within the metals & mining industry with Barrick Gold Corporation ( ABX) 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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