Companhia Siderurgica Nacional (SID): Today's Featured Metals & Mining Loser

Companhia Siderurgica Nacional ( SID) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day up 1.4%. By the end of trading, Companhia Siderurgica Nacional fell 20 cents (-3.3%) to $5.96 on average volume. Throughout the day, 7.3 million shares of Companhia Siderurgica Nacional exchanged hands as compared to its average daily volume of five million shares. The stock ranged in price between $5.88-$6.05 after having opened the day at $6.02 as compared to the previous trading day's close of $6.16. Other company's within the Metals & Mining industry that declined today were: Atlatsa Resources ( ATL), down 17.5%, Quaterra Resources ( QMM), down 11.3%, Cardero Resources Corporation ( CDY), down 7.3%, and USEC ( USU), down 7%.

Companhia Siderurgica Nacional primarily operates as an integrated steel producer in Brazil and Latin America. The company principally produces carbon steel and various steel products. Companhia Siderurgica Nacional has a market cap of $8.94 billion and is part of the basic materials sector. The company has a P/E ratio of 5.9, above the average metals & mining industry P/E ratio of 4.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 25.1% year to date as of the close of trading on Friday. Currently there is one analyst that rates Companhia Siderurgica Nacional a buy, two analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Companhia Siderurgica Nacional as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.

On the positive front, Extorre Gold Mines ( XG), up 56.4%, Patriot Coal Corporation ( PCX), up 20%, International Tower Hill Mines ( THM), up 19.1%, and Great Basin Gold ( GBG), up 17.5%, 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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