Silver Wheaton Corporation

(

SLW

) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day up 1.5%. By the end of trading, Silver Wheaton Corporation fell 19 cents (-0.7%) to $26.32 on average volume. Throughout the day, 4.8 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5.7 million shares. The stock ranged in price between $25.92-$27.10 after having opened the day at $26.99 as compared to the previous trading day's close of $26.51. Other company's within the Basic Materials sector that declined today were:

Extorre Gold Mines

(

XG

), down 17.6%,

Lizhan Environmental

(

LZEN

), down 14.3%,

China Shen Zhou Mining & Resources

(

SHZ

), down 10.7%, and

Recon Technology

(

RCON

), down 10.2%.

Silver Wheaton Corp., a mining company, together with its subsidiaries, operates as a silver streaming company worldwide. Silver Wheaton Corporation has a market cap of $9.38 billion and is part of the

metals & mining

industry. The company has a P/E ratio of 16.4, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 8.5% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Silver Wheaton Corporation as a

buy

. 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, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

North American Energy Partners Incorporate

(

NOA

), up 27.9%,

New Concept Energy

(

GBR

), up 19.8%,

Ossen Innovation

(

OSN

), up 17%, and

General Steel Holdings

(

GSI

), up 14.9%, were all gainers within the basic materials sector with

Vale

(

VALE

) being today's featured basic materials sector winner.

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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