Noranda Aluminum Holding Corp Stock Upgraded

 Noranda Aluminum has been upgraded by The Street Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk.

Noranda Aluminum Holding Corporation engages in the production and sale of primary aluminum products and rolled aluminum coils in the United States. Its Bauxite segment mines, produces, and sells bauxite used for alumina production. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7. Noranda Aluminum has a market cap of $276.3 million and is part of the basic materials sector and metals & mining industry. Shares are down 35% year to date as of the close of trading on Wednesday.