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

ArcelorMittal ( MT) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 2.7%. By the end of trading, ArcelorMittal rose 86 cents (5.8%) to $15.77 on heavy volume. Throughout the day, 9.9 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.4 million shares. The stock ranged in a price between $15.17-$15.94 after having opened the day at $15.31 as compared to the previous trading day's close of $14.91. Other companies within the Metals & Mining industry that increased today were: Arch Coal ( ACI), up 29.2%, Alpha Natural Resources ( ANR), up 20.1%, James River Coal Company ( JRCC), up 15.2%, and Atlatsa Resources ( ATL), up 13.3%.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. ArcelorMittal has a market cap of $22.31 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 18% year to date as of the close of trading on Thursday. 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 negative front, China Shen Zhou Mining & Resources ( SHZ), down 6.6%, China Precision Steel ( CPSL), down 6.2%, China Gengsheng Minerals ( CHGS), down 5%, and Nevsun Resources ( NSU), down 4.6%, were all laggards within the metals & mining industry with Cameco ( CCJ) being today's metals & mining industry laggard.

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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