POSCO (PKX): Today's Featured Metals & Mining Winner

POSCO ( PKX) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 2.7%. By the end of trading, POSCO rose $1.20 (1.5%) to $83.48 on heavy volume. Throughout the day, 366,434 shares of POSCO exchanged hands as compared to its average daily volume of 243,200 shares. The stock ranged in a price between $82.28-$83.63 after having opened the day at $82.99 as compared to the previous trading day's close of $82.28. Other companies within the Metals & Mining industry that increased today were: Kingold Jewelry ( KGJI), up 11.1%, USEC ( USU), up 6.4%, Hecla Mining Company ( HL), up 5.7%, and General Moly ( GMO), up 4.9%.

POSCO engages in the manufacture and sale of steel products in South Korea and internationally. POSCO has a market cap of $25.04 billion and is part of the basic materials sector. The company has a P/E ratio of 6.6, below the average metals & mining industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Monday. Currently there is one analyst that rates POSCO a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates POSCO as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself.

On the negative front, Jaguar Mining ( JAG), down 34.9%, Avalon Rare Metals ( AVL), down 24%, US Silica Holdings ( SLCA), down 11.9%, and Quest Rare Minerals ( QRM), down 9.6%, were all losers within the metals & mining industry with Vale ( VALE) 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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