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The Metals & Mining industry as a whole closed the day up 0.4% versus the S&P 500, which was down 1.6%. Laggards within the Metals & Mining industry included Mines Management ( MGN), down 4.8%, Solitario Exploration & Royalty ( XPL), down 2.9%, Ossen Innovation ( OSN), down 14.3%, Sutor Technology Group ( SUTR), down 6.3% and Avalon Rare Metals ( AVL), down 12.1%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Ossen Innovation ( OSN) is one of the companies that pushed the Metals & Mining industry lower today. Ossen Innovation was down $0.16 (14.3%) to $0.96 on average volume. Throughout the day, 36,545 shares of Ossen Innovation exchanged hands as compared to its average daily volume of 40,500 shares. The stock ranged in price between $0.93-$1.03 after having opened the day at $1.00 as compared to the previous trading day's close of $1.12.

Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China. Ossen Innovation has a market cap of $20.8 million and is part of the basic materials sector. Shares are down 5.9% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates Ossen Innovation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from TheStreet Ratings analysis on OSN go as follows:

  • The revenue growth greatly exceeded the industry average of 0.7%. Since the same quarter one year prior, revenues rose by 48.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Powered by its strong earnings growth of 75.00% and other important driving factors, this stock has surged by 75.00% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, OSSEN INNOVATION CO LTD -ADR has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Metals & Mining industry average, but is greater than that of the S&P 500. The net income increased by 111.2% when compared to the same quarter one year prior, rising from $0.70 million to $1.49 million.
  • The gross profit margin for OSSEN INNOVATION CO LTD -ADR is currently extremely low, coming in at 11.44%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 4.13% trails that of the industry average.

You can view the full analysis from the report here: Ossen Innovation Ratings Report

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At the close, Solitario Exploration & Royalty ( XPL) was down $0.03 (2.9%) to $1.01 on heavy volume. Throughout the day, 58,017 shares of Solitario Exploration & Royalty exchanged hands as compared to its average daily volume of 31,400 shares. The stock ranged in price between $1.01-$1.02 after having opened the day at $1.01 as compared to the previous trading day's close of $1.04.

Solitario Exploration & Royalty has a market cap of $45.5 million and is part of the basic materials sector. Shares are up 22.3% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Solitario Exploration & Royalty a buy, no analysts rate it a sell, and none rate it a hold.

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Mines Management ( MGN) was another company that pushed the Metals & Mining industry lower today. Mines Management was down $0.03 (4.8%) to $0.50 on light volume. Throughout the day, 24,700 shares of Mines Management exchanged hands as compared to its average daily volume of 47,100 shares. The stock ranged in price between $0.50-$0.55 after having opened the day at $0.53 as compared to the previous trading day's close of $0.53.

Mines Management, Inc., together with its subsidiaries, acquires, explores, and develops various mineral properties in North and South America. The company explores for silver, and associated base and precious metals. Mines Management has a market cap of $16.6 million and is part of the basic materials sector. Shares are down 6.7% year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Mines Management as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on MGN go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Metals & Mining industry and the overall market, MINES MANAGEMENT INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • In its most recent trading session, MGN has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The company, on the basis of net income growth from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Metals & Mining industry average. The net income increased by 0.8% when compared to the same quarter one year prior, going from -$1.84 million to -$1.82 million.
  • MINES MANAGEMENT INC reported flat earnings per share in the most recent quarter. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, MINES MANAGEMENT INC continued to lose money by earning -$0.25 versus -$0.28 in the prior year.
  • Net operating cash flow has increased to -$1.42 million or 17.52% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -9.24%.

You can view the full analysis from the report here: Mines Management Ratings Report

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