United States Steel Corporation (X): 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

United States Steel Corporation ( X) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.3%. By the end of trading, United States Steel Corporation fell $0.41 (-2.3%) to $17.48 on light volume. Throughout the day, 6,339,979 shares of United States Steel Corporation exchanged hands as compared to its average daily volume of 8,478,500 shares. The stock ranged in price between $17.40-$18.13 after having opened the day at $18.10 as compared to the previous trading day's close of $17.89. Other companies within the Metals & Mining industry that declined today were: China Gengsheng Minerals ( CHGS), down 11.8%, Alexco Resource ( AXU), down 10.6%, International Tower Hill Mines ( THM), down 9.4% and Nevsun Resources ( NSU), down 8.7%.
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United States Steel Corporation produces and sells steel mill products in North America and Europe. The company operates in three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). United States Steel Corporation has a market cap of $2.6 billion and is part of the basic materials sector. The company has a P/E ratio of 121.0, above the S&P 500 P/E ratio of 17.7. Shares are down 25.0% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate United States Steel Corporation a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates United States Steel Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins, weak operating cash flow, relatively poor performance when compared with the S&P 500 during the past year and feeble growth in its earnings per share.

On the positive front, Prospect Global Resources ( PGRX), down 19.0%, Golden Minerals ( AUMN), down 18.5%, Pacific Booker Minerals ( PBM), down 15.6% and Great Basin Gold ( GBG), down 7.1% , were all gainers within the metals & mining industry with Agnico Eagle Mines ( AEM) 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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