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Silver Wheaton Corporation (SLW): Today's Featured Basic Materials Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Silver Wheaton Corporation ( SLW) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 1.3%. By the end of trading, Silver Wheaton Corporation rose 48 cents (1.2%) to $40.60 on average volume. Throughout the day, 4.8 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 4.7 million shares. The stock ranged in a price between $39.62-$40.94 after having opened the day at $39.91 as compared to the previous trading day's close of $40.12. Other companies within the Basic Materials sector that increased today were: GMX Resources ( GMXR), up 35.4%, Exeter Resource Corporation ( XRA), up 23.2%, Cal Dive International ( DVR), up 12.4%, and Northern Dynasty Minerals ( NAK), up 11.4%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Silver Wheaton Corp., a mining company, together with its subsidiaries, operates as a silver streaming company worldwide. Silver Wheaton Corporation has a market cap of $14.01 billion and is part of the metals & mining industry. The company has a P/E ratio of 25.3, above the S&P 500 P/E ratio of 17.7. Shares are up 36.5% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Silver Wheaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Torch Energy Royalty ( TRU), down 21.2%, China Shen Zhou Mining & Resources ( SHZ), down 14.2%, Callon Petroleum ( CPE), down 13.8%, and BMB Munai ( BMBM), down 13.5%, were all laggards within the basic materials sector with Vale ( VALE) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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