Silver Wheaton Corporation (SLW): Today's Featured Metals & Mining Laggard
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.
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Silver Wheaton Corporation fell $0.31 (-1.5%) to $20.73 on average volume. Throughout the day, 4,345,468 shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5,583,900 shares. The stock ranged in price between $20.60-$21.36 after having opened the day at $21.22 as compared to the previous trading day's close of $21.04. Other companies within the Metals & Mining industry that declined today were:
(
), down 22.8%,
(
), down 14.6%,
(
), down 8.1% and
(
), down 7.8%.
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 $7.6 billion and is part of the basic materials sector. Shares are down 41.7% year to date as of the close of trading on Wednesday. Currently there are 14 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
. 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.
- You can view the full Silver Wheaton Corporation Ratings Report.
On the positive front,
(
), up 16.0%,
(
), up 12.5%,
(
), up 8.8% and
(
), up 8.7% , were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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