ArcelorMittal SA (MT): Today's Featured Metals & Mining Loser

ArcelorMittal ( MT) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day down 2.2%. By the end of trading, ArcelorMittal fell 82 cents (-5.5%) to $14.11 on average volume. Throughout the day, 8.4 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.9 million shares. The stock ranged in price between $14.09-$14.52 after having opened the day at $14.52 as compared to the previous trading day's close of $14.93. Other company's within the Metals & Mining industry that declined today were: Entree Gold ( EGI), down 13%, James River Coal Company ( JRCC), down 12.8%, General Steel Holdings ( GSI), down 12.4%, and USEC ( USU), down 9.6%.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. ArcelorMittal has a market cap of $22.32 billion and is part of the basic materials sector. The company has a P/E ratio of 15.9, below the average metals & mining industry P/E ratio of 28 and below the S&P 500 P/E ratio of 17.7. Shares are down 21.4% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates ArcelorMittal 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, China Precision Steel ( CPSL), up 7.5%, Nevsun Resources ( NSU), up 7.1%, Kobex Minerals ( KXM), up 5.1%, and Sutor Technology Group ( SUTR), up 4.6%, were all gainers within the metals & mining industry with Gold Fields ( GFI) 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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