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5 Stocks Advancing The Basic Materials Sector

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Basic Materials sector currently sits up 1.0% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Eldorado Gold (EGO), up 8.5%, Kinross Gold Corporation (KGC), up 7.6%, Barrick Gold Corporation (ABX), up 5.4%, Pembina Pipeline (PBA), up 4.0% and Teck Resources (TCK), up 3.1%. On the negative front, top decliners within the sector include Air Products & Chemicals (APD), down 2.6%, Cenovus Energy (CVE), down 2.5%, Canadian Natural Resources (CNQ), down 1.4%, Statoil ASA (STO), down 1.3% and Exxon Mobil Corporation (XOM), down 1.0%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. Yamana Gold (AUY) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Yamana Gold is up $0.70 (7.1%) to $10.51 on average volume. Thus far, 5.4 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $10.24-$10.53 after having opened the day at $10.29 as compared to the previous trading day's close of $9.81.

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 $7.3 billion and is part of the metals & mining industry. Shares are down 42.9% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Yamana Gold a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Yamana Gold as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Yamana Gold Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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