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Yamana Gold Inc (AUY): 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.

Yamana Gold ( AUY) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.4%. By the end of trading, Yamana Gold rose 18 cents (1.2%) to $14.71 on average volume. Throughout the day, 6.1 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 6.3 million shares. The stock ranged in a price between $14.59-$14.93 after having opened the day at $14.78 as compared to the previous trading day's close of $14.53. Other companies within the Basic Materials sector that increased today were: GMX Resources ( GMXR), up 15.9%, USEC ( USU), up 13.5%, Adams Resources & Energy ( AE), up 11.6%, and Constellation Energy Partners ( CEP), up 10.8%.

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Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. Yamana Gold has a market cap of $10.93 billion and is part of the metals & mining industry. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7. Shares are down 15.6% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Yamana Gold a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Yamana Gold as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Ivanhoe Energy ( IVAN), down 13%, Syntroleum Corporation ( SYNM), down 12.3%, Alderon Iron Ore ( AXX), down 7.9%, and China Gengsheng Minerals ( CHGS), down 7.3%, were all laggards within the basic materials sector with Baker Hughes ( BHI) 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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