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

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 lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.4%. By the end of trading, ArcelorMittal fell 39 cents (-2.6%) to $14.87 on heavy volume. Throughout the day, 14.6 million shares of ArcelorMittal exchanged hands as compared to its average daily volume of 8.9 million shares. The stock ranged in price between $14.87-$15.74 after having opened the day at $15.73 as compared to the previous trading day's close of $15.26. Other companies within the Metals & Mining industry that declined today were: Gold Reserve ( GRZ), down 8%, Avalon Rare Metals ( AVL), down 7.5%, Uranerz Energy Corporation ( URZ), down 7.2%, and Noranda Aluminum ( NOR), down 7.1%.
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ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company with presence in 60 countries worldwide. ArcelorMittal has a market cap of $23.65 billion and is part of the basic materials sector. Shares are down 13.3% year to date as of the close of trading on Friday. Currently there are four analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Rubicon Minerals ( RBY), up 13.4%, Tanzanian Royalty Exploration Corporation ( TRX), up 10.8%, Mines Management ( MGN), up 10.7%, and Timmins Gold ( TGD), up 9%, were all gainers within the metals & mining industry with Royal Gold ( RGLD) being today's featured metals & mining industry leader.

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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