Nucor Corp. (NUE): 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.

Nucor ( NUE) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.1%. By the end of trading, Nucor rose $1.08 (2.5%) to $44.93 on average volume. Throughout the day, 2.3 million shares of Nucor exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $43.78-$45.08 after having opened the day at $43.78 as compared to the previous trading day's close of $43.85. Other companies within the Metals & Mining industry that increased today were: North American Palladium ( PAL), up 11.3%, US Silica Holdings ( SLCA), up 10.9%, Thompson Creek Metals Company ( TC), up 8.2%, and China Natural Resources ( CHNR), up 7.1%.
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Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $13.88 billion and is part of the basic materials sector. The company has a P/E ratio of 27.7, above the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Nucor a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Silvercorp Metals ( SVM), down 7.9%, Banro Corporation ( BAA), down 6.5%, Jaguar Mining ( JAG), down 6.4%, and Timmins Gold ( TGD), down 5.7%, 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).

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