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

Silver Wheaton Corporation was a winner within the metals & mining industry, rising $1.49 (7.7%) to $20.83 on average volume
By TheStreet Wire ,

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

).

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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