Tenaris SA (TS): Today's Featured Metals & Mining Laggard

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Tenaris ( TS) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Tenaris fell $0.78 (-1.8%) to $43.07 on light volume. Throughout the day, 708,700 shares of Tenaris exchanged hands as compared to its average daily volume of 948,000 shares. The stock ranged in price between $43.05-$43.73 after having opened the day at $43.28 as compared to the previous trading day's close of $43.85. Other companies within the Metals & Mining industry that declined today were: Avalon Rare Metals ( AVL), down 17.5%, Quest Rare Minerals ( QRM), down 10.6%, Lake Shore Gold ( LSG), down 9.5% and Golden Star Resources ( GSS), down 8.8%.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Northern Dynasty Minerals ( NAK), up 19.9%, Kingold Jewelry ( KGJI), up 15.4%, Hallador Energy ( HNRG), up 12.3% and USEC ( USU), up 10.6% , were all gainers within the metals & mining industry with Freeport-McMoRan Copper & Gold ( FCX) 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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