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 1.4%. By the end of trading, ArcelorMittal fell $0.48 (-2.8%) to $16.77 on heavy volume. Throughout the day, 7,048,942 shares of ArcelorMittal exchanged hands as compared to its average daily volume of 4,683,800 shares. The stock ranged in price between $16.74-$17.12 after having opened the day at $17.12 as compared to the previous trading day's close of $17.25. Other companies within the Metals & Mining industry that declined today were: North American Palladium ( PAL), down 13.5%, Minco Gold Corporation ( MGH), down 12.5%, Golden Star Resources ( GSS), down 10.2% and China Natural Resources ( CHNR), down 9.5%.

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 $26.9 billion and is part of the basic materials sector. Shares are down 3.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate ArcelorMittal a buy, no analysts rate it a sell, and none rate 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, generally disappointing historical performance in the stock itself and generally high debt management risk.

On the positive front, Prospect Global Resources ( PGRX), up 23.8%, Tonix Pharmaceuticals ( TNXP), up 16.1%, Tasman Metals ( TAS), up 9.1% and Allied Nevada Gold ( ANV), up 5.2%.

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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