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

Silver Wheaton Corporation ( SLW) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 3.1%. By the end of trading, Silver Wheaton Corporation rose $1.49 (7.7%) to $20.83 on average volume. Throughout the day, 7,295,753 shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 6,071,000 shares. The stock ranged in a price between $20.13-$20.85 after having opened the day at $20.38 as compared to the previous trading day's close of $19.34. Other companies within the Metals & Mining industry that increased today were: Minco Gold Corporation ( MGH), up 19.4%, Golden Star Resources ( GSS), up 17.5%, Cardero Resources Corporation ( CDY), up 14.3% and Randgold Resources ( GOLD), up 11.8%.

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 $6.9 billion and is part of the basic materials sector. Shares are down 46.4% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 3 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 negative front, Sibanye Gold Ltd ADR ( SBGL), down 38.9%, China Gengsheng Minerals ( CHGS), down 18.3%, Crosshair Energy ( CXZ), down 12.0% and Rare Element Resources ( REE), down 6.8%.

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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