Silver Wheaton Corporation (
SLW) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole was unchanged today. By the end of trading, Silver Wheaton Corporation rose 31 cents (1%) to $30.75 on light volume. Throughout the day, two million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5.1 million shares. The stock ranged in a price between $30.32-$30.85 after having opened the day at $30.46 as compared to the previous trading day's close of $30.44. Other companies within the Metals & Mining industry that increased today were:
China Shen Zhou Mining & Resources (
SHZ), up 12.2%,
Prospect Global Resources (
PGRX), up 11.9%,
US Silica Holdings (
SLCA), up 11.8%, and
Uranium Energy Corporation (
UEC), up 8.8%.
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 $10.59 billion and is part of the
basic materials sector. The company has a P/E ratio of 19.2, above the average metals & mining industry P/E ratio of 18.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and none rate 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 negative front,
Great Basin Gold (
GBG), down 45.5%,
Minco Gold Corporation (
MGH), down 8.5%,
Ossen Innovation (
OSN), down 8.1%, and
Gold Standard Ventures (
GSV), down 6.9%, were all laggards within the metals & mining industry with
Vale (
VALE) being today's metals & mining industry laggard.
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).
