Why Noranda Aluminum Holding (NOR) Stock Is Spiking Today

NEW YORK (TheStreet) -- Shares of Noranda Aluminum Holding Corp. (NOR) are gaining 5.25% to $4.01 on heavy volume in late-afternoon trading on Wednesday as some aluminum stocks received a boost from Alcoa Inc.'s (AA) strong 2014 second quarter earnings results.

Alcoa, the third largest aluminum producer in the world, reported earnings per share of 18 cents, beating the consensus estimate of 12 cents per share. Revenue was $5.84 billion, above the consensus estimate of $5.66 billion.

Alcoa is higher by 5.59% to $15.68 this afternoon. Other aluminum stocks rising today include Century Aluminum Co. (CENX), higher by 2.24% to 16.93, and Norsk Hydro (NHYDY), up 1.79% to $5.68.

Must Read: Warren Buffett's 25 Favorite Stocks

Separately, TheStreet Ratings team rates NORANDA ALUMINUM HOLDING CP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate NORANDA ALUMINUM HOLDING CP (NOR) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow."

If you liked this article you might like

What To Sell: 3 Sell-Rated Dividend Stocks FULL, SDLP, NOR

3 Sell-Rated Dividend Stocks: WMC, MEP, NOR

Noranda Aluminum (NOR) Stock Taking a Hit After Suspending Dividend

Noranda Aluminum (NOR) Stock Jumps After Receiving Financing For New Rod Mill

Insider Trading Alert - NOR, WINA And JAH Traded By Insiders