Gerdau SA (GGB): Today's Featured Metals & Mining Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Gerdau ( GGB) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 1.1%. By the end of trading, Gerdau rose $0.15 (2.0%) to $7.62 on light volume. Throughout the day, 3,642,572 shares of Gerdau exchanged hands as compared to its average daily volume of 7,667,200 shares. The stock ranged in a price between $7.50-$7.65 after having opened the day at $7.50 as compared to the previous trading day's close of $7.47. Other companies within the Metals & Mining industry that increased today were: Tasman Metals ( TAS), up 16.7%, Kimber Resources ( KBX), up 16.3%, Kimber Resources ( KBXR), up 16.3% and Quest Rare Minerals ( QRM), up 14.3%.

Gerdau S.A. engages in the production and commercialization of steel products worldwide. Gerdau has a market cap of $12.9 billion and is part of the basic materials sector. Shares are down 15.9% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Gerdau a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Gerdau as a hold. 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. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins.

On the negative front, Asanko Gold ( AKG), down 22.0%, Keegan Resources ( KGN), down 22.0%, L & L Energy ( LLEN), down 13.5% and McEwen Mining ( MUX), down 9.1% , were all laggards within the metals & mining industry with Silver Wheaton Corporation ( SLW) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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