Nucor Corp. (NUE): 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.

Nucor ( NUE) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Nucor fell $0.56 (-1.1%) to $48.43 on heavy volume. Throughout the day, 3,116,060 shares of Nucor exchanged hands as compared to its average daily volume of 1,686,900 shares. The stock ranged in price between $47.82-$48.86 after having opened the day at $48.36 as compared to the previous trading day's close of $48.99. Other companies within the Metals & Mining industry that declined today were: Insteel Industries ( IIIN), down 5.3%, United States Antimony Corporation ( UAMY), down 5.2%, Prospect Global Resources ( PGRX), down 5.0% and Atlatsa Resources ( ATL), down 4.8%.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $15.4 billion and is part of the basic materials sector. The company has a P/E ratio of 34.1, above the S&P 500 P/E ratio of 17.7. Shares are down 8.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nucor as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, China Gengsheng Minerals ( CHGS), up 58.7%, Tanzanian Royalty Exploration Corporation ( TRX), up 17.1%, Timberline Resources Corporation ( TLR), up 14.6% and Alexco Resource ( AXU), up 9.7% , were all gainers within the metals & mining industry with Vale ( VALE) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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