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Silver Wheaton Corporation (SLW): Today's Featured Metals & Mining Laggard

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 Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Silver Wheaton Corporation fell 63 cents (-2%) to $30.21 on heavy volume. Throughout the day, 5.4 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $30.08-$31.02 after having opened the day at $30.93 as compared to the previous trading day's close of $30.84. Other companies within the Metals & Mining industry that declined today were: Prospect Global Resources (PGRX), down 12.6%, Nevsun Resources (NSU), down 11.2%, James River Coal Company (JRCC), down 9.3%, and Timberline Resources Corporation (TLR), down 8.2%.

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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 $10.99 billion and is part of the basic materials sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are down 14.5% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and one rates 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Oxford Resource Partners (OXF), up 16.7%, L & L Energy (LLEN), up 13.4%, Brigus Gold (BRD), up 11%, and United States Antimony Corporation (UAMY), up 8.4%, were all gainers within the metals & mining industry with ArcelorMittal (MT) being today's featured metals & mining industry leader.

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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