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

Silver Wheaton Corporation ( SLW) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Silver Wheaton Corporation fell $1.49 (-7.7%) to $17.78 on heavy volume. Throughout the day, 9,781,893 shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5,877,100 shares. The stock ranged in price between $17.75-$18.79 after having opened the day at $18.48 as compared to the previous trading day's close of $19.27. Other companies within the Basic Materials sector that declined today were: Pacific Booker Minerals ( PBM), down 14.1%, Minco Gold Corporation ( MGH), down 14.0%, China Gengsheng Minerals ( CHGS), down 12.6% and Cubic Energy ( QBC), down 12.1%.

Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Silver Wheaton Corporation has a market cap of $6.8 billion and is part of the metals & mining industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are down 46.8% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Silver Wheaton Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front, Great Basin Gold ( GBG), up 15.6%, Prospect Global Resources ( PGRX), up 15.0%, Cardero Resources Corporation ( CDY), up 14.5% and PostRock Energy ( PSTR), up 11.2% , were all gainers within the basic materials sector with Williams Companies ( WMB) being today's featured basic materials sector leader.

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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