ArcelorMittal SA (MT): Today's Featured Metals & Mining Laggard

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.

ArcelorMittal ( MT) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.2%. By the end of trading, ArcelorMittal fell $0.21 (-1.3%) to $16.35 on average volume. Throughout the day, 4,907,682 shares of ArcelorMittal exchanged hands as compared to its average daily volume of 4,920,000 shares. The stock ranged in price between $16.31-$16.61 after having opened the day at $16.60 as compared to the previous trading day's close of $16.56. Other companies within the Metals & Mining industry that declined today were: China Gengsheng Minerals ( CHGS), down 19.0%, Iamgold ( IAG), down 10.9%, Golden Minerals ( AUMN), down 10.0% and Noranda Aluminum ( NOR), down 9.3%.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates through six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa, and CIS; Distribution Solutions; and Mining. ArcelorMittal has a market cap of $26.4 billion and is part of the basic materials sector. Shares are down 5.2% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ArcelorMittal as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally high debt management risk.

On the positive front, Kingold Jewelry ( KGJI), up 4.8%, Alderon Iron Ore ( AXX), up 4.8%, Golden Star Resources ( GSS), up 4.5% and Platinum Group Metals ( PLG), up 3.6%.

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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