Nucor Corp. (NUE): 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.

Nucor ( NUE) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.9%. By the end of trading, Nucor rose $1.33 (2.7%) to $50.23 on heavy volume. Throughout the day, 3,048,594 shares of Nucor exchanged hands as compared to its average daily volume of 1,798,800 shares. The stock ranged in a price between $49.12-$50.50 after having opened the day at $49.12 as compared to the previous trading day's close of $48.90. Other companies within the Metals & Mining industry that increased today were: China Gengsheng Minerals ( CHGS), up 18.2%, AMCOL International Corporation ( ACO), up 12.3%, Quest Rare Minerals ( QRM), up 10.2% and Avalon Rare Metals ( AVL), up 7.2%.

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 $15.3 billion and is part of the basic materials sector. Shares are down 8.4% 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 revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Prospect Global Resources ( PGRX), down 31.2%, North American Palladium ( PAL), down 11.8%, Minco Gold Corporation ( MGH), down 11.7% and Vista Gold Corporation ( VGZ), down 7.8% , were all laggards within the metals & mining industry with Barrick Gold Corporation ( ABX) 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).

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