Walter Energy Inc (WLT): 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.

Walter Energy ( WLT) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 1%. By the end of trading, Walter Energy rose 39 cents (1.1%) to $36.26 on light volume. Throughout the day, 2.8 million shares of Walter Energy exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in a price between $35.61-$36.97 after having opened the day at $35.90 as compared to the previous trading day's close of $35.87. Other companies within the Metals & Mining industry that increased today were: Kingold Jewelry ( KGJI), up 13.3%, Grupo Simec S.A.B. de C.V ( SIM), up 7.1%, Thompson Creek Metals Company ( TC), up 6.9%, and Pacific Booker Minerals ( PBM), up 6.6%.
  • 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.

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces thermal and industrial coal, anthracite, metallurgical coke, coal bed methane gas, and other related products. Walter Energy has a market cap of $2.24 billion and is part of the basic materials sector. Shares are down 40.8% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Walter Energy a buy, two analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Walter Energy 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, generally high debt management risk, disappointing return on equity and poor profit margins.

On the negative front, China Natural Resources ( CHNR), down 7.8%, Cardero Resources Corporation ( CDY), down 7.1%, Uranium Resources ( URRE), down 6.8%, and Molycorp ( MCP), down 6.8%, were all laggards within the metals & mining industry with Newmont Mining Corporation ( NEM) 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

4 Basic Materials Stocks Under $10 Making Big Moves

12 Steel Stocks You Should Sell Right Now

16 Risky Micro-Cap Stocks to Avoid Despite Their Tasty Dividends

Weak On High Volume: Walter Energy (WLT)

Walter Energy (WLT) Stock Is Down Today on Earnings Miss