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 up 1%. By the end of trading, Nucor rose 87 cents (1.9%) to $47.65 on average volume. Throughout the day, 2.7 million shares of Nucor exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in a price between $46.84-$47.87 after having opened the day at $46.95 as compared to the previous trading day's close of $46.78. Other companies within the Metals & Mining industry that increased today were: Midway Gold ( MDW), up 18.5%, James River Coal Company ( JRCC), up 17.2%, Banro Corporation ( BAA), up 11.2%, and Ur-Energy ( URG), up 8.9%.
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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 $14.77 billion and is part of the basic materials sector. The company has a P/E ratio of 29.4, above the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Thursday. 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. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Prospect Global Resources ( PGRX), down 21.5%, Sutor Technology Group ( SUTR), down 19.3%, Kimber Resources ( KBX), down 7.1%, and Quest Rare Minerals ( QRM), down 7%, were all laggards within the metals & mining industry with Buenaventura Mining Company ( BVN) 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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