KGC, TOT And SLW, 3 Basic Materials Stocks Pushing The Sector Lower

TheStreet highlights 3 stocks pushing the basic materials sector lower today.
By TheStreet Wire ,

One out of the three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading down 56 points (-0.3%) at 17,863 as of Thursday, July 7, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,277 declining with 139 unchanged.

The Basic Materials sector currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include

Randgold Resources

(

GOLD

), down 3.6%,

Barrick Gold

(

ABX

), down 3.1%,

Canadian Natural Resources

(

CNQ

), down 1.8%,

Marathon Petroleum

(

MPC

), down 1.3% and

Chevron

(

CVX

), down 1.2%. Top gainers within the sector include

MPLX

(

MPLX

), up 2.9%,

Energy Transfer Equity

(

ETE

), up 2.6%,

Williams Partners

(

WPZ

), up 1.4%,

Monsanto

(

MON

), up 1.3% and

Petroleo Brasileiro SA Petrobras

(

PBR.A

), up 1.2%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3.

Kinross Gold

(

KGC

) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Kinross Gold is down $0.28 (-4.8%) to $5.46 on average volume. Thus far, 8.5 million shares of Kinross Gold exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $5.41-$5.69 after having opened the day at $5.66 as compared to the previous trading day's close of $5.74.

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Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties. Kinross Gold has a market cap of $6.7 billion and is part of the metals & mining industry. Shares are up 215.4% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Kinross Gold a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Kinross Gold

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full

Kinross Gold Ratings Report

now.

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2. As of noon trading,

Total

(

TOT

) is down $0.40 (-0.8%) to $46.51 on average volume. Thus far, 1.0 million shares of Total exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $46.29-$47.20 after having opened the day at $47.01 as compared to the previous trading day's close of $46.91.

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TOTAL S.A. operates as an integrated oil and gas company worldwide. The company operates through three segments: Upstream, Refining & Chemicals, and Marketing & Services. Total has a market cap of $114.1 billion and is part of the energy industry. Shares are up 4.4% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Total a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Total

as a

hold

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full

Total Ratings Report

now.

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1. As of noon trading,

Silver Wheaton

(

SLW

) is down $0.73 (-2.9%) to $24.88 on heavy volume. Thus far, 5.9 million shares of Silver Wheaton exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $24.43-$25.28 after having opened the day at $25.21 as compared to the previous trading day's close of $25.61.

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Silver Wheaton Corp. operates as a precious metals streaming company worldwide. It has 19 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold relating to various 29 mining assets. Silver Wheaton has a market cap of $10.9 billion and is part of the metals & mining industry. Shares are up 106.2% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Silver Wheaton a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Silver Wheaton

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full

Silver Wheaton Ratings Report

now.

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If you are interested in one of these 3 stocks, 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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