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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 1%. By the end of trading, ArcelorMittal rose 41 cents (2.8%) to $15.33 on light volume. Throughout the day, 4.1 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 6.2 million shares. The stock ranged in a price between $15.09-$15.33 after having opened the day at $15.21 as compared to the previous trading day's close of $14.92. Other companies within the Metals & Mining industry that increased today were: Pacific Booker Minerals ( PBM), up 41.8%, James River Coal Company ( JRCC), up 10.3%, Kingold Jewelry ( KGJI), up 8.5%, and Molycorp ( MCP), up 7.2%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. ArcelorMittal has a market cap of $22.79 billion and is part of the basic materials sector. The company has a P/E ratio of 16.3, 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 Wednesday. Currently there are four analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.

On the negative front, China Shen Zhou Mining & Resources ( SHZ), down 9.2%, Atlatsa Resources ( ATL), down 6.1%, Polymet Mining ( PLM), down 4.2%, and China Gengsheng Minerals ( CHGS), down 3.7%, were all laggards within the metals & mining industry with Yamana Gold ( AUY) 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).

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Thyssenkrupp and Tata Steel Sign Agreement to Merge Steel Units

Steel Executives Appeal to Trump to Impose Import Restrictions

Economics, Metals Push European Markets Higher

The Stock Market Is Feeling Happy Again

Mining and Resources Lead Europe's Benchmarks Lower