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 1.2%. By the end of trading, Nucor rose $0.78 (1.7%) to $45.77 on light volume. Throughout the day, 1,367,184 shares of Nucor exchanged hands as compared to its average daily volume of 2,603,900 shares. The stock ranged in a price between $45.20-$45.93 after having opened the day at $45.27 as compared to the previous trading day's close of $44.99. Other companies within the Metals & Mining industry that increased today were: James River Coal Company ( JRCC), up 9.9%, Lihua International ( LIWA), up 9.0%, Entree Gold ( EGI), up 7.3% and Stillwater Mining Company ( SWC), up 6.9%.
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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 $14.4 billion and is part of the basic materials sector. The company has a P/E ratio of 32.8, above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 4 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, China Shen Zhou Mining & Resources ( SHZ), down 17.2%, Timberline Resources Corporation ( TLR), down 9.6%, China Gengsheng Minerals ( CHGS), down 9.5% and Mines Management ( MGN), down 8.9% , 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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