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Yamana Gold Inc (AUY): Today's Featured Basic Materials Winner

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.

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 0.5%. By the end of trading, Yamana Gold rose $0.19 (1.9%) to $9.94 on light volume. Throughout the day, 4,531,017 shares of Yamana Gold exchanged hands as compared to its average daily volume of 8,350,900 shares. The stock ranged in a price between $9.80-$9.98 after having opened the day at $9.82 as compared to the previous trading day's close of $9.75. Other companies within the Basic Materials sector that increased today were: Allied Nevada Gold ( ANV), up 26.3%, Recon Technology ( RCON), up 25.1%, Lightbridge ( LTBR), up 15.2% and China Gengsheng Minerals ( CHGS), up 12.5%.

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 $7.8 billion and is part of the metals & mining industry. Shares are down 39.8% year to date as of the close of trading on Friday. Currently there are 13 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.

On the negative front, GeoPetro Resources Company ( GPR), down 25.0%, Materion ( MTRN), down 10.9%, CKX Lands ( CKX), down 8.2% and Prospect Global Resources ( PGRX), down 8.0% , were all laggards within the basic materials sector with Marathon Petroleum ( MPC) 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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