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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Silver Wheaton Corporation ( SLW) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole was unchanged today. By the end of trading, Silver Wheaton Corporation fell 49 cents (-1.2%) to $39.22 on average volume. Throughout the day, 5.1 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in price between $39.12-$40.36 after having opened the day at $40.10 as compared to the previous trading day's close of $39.71. Other companies within the Metals & Mining industry that declined today were: Great Northern Iron Ore ( GNI), down 10.3%, Prospect Global Resources ( PGRX), down 9%, Keegan Resources ( KGN), down 8.9%, and Alderon Iron Ore ( AXX), down 6%.
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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 $13.95 billion and is part of the basic materials sector. The company has a P/E ratio of 24.6, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 36.1% year to date as of the close of trading on Friday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Universal Stainless & Alloy Products ( USAP), up 11.4%, US Silica Holdings ( SLCA), up 6.4%, Augusta Resource Corporation ( AZC), up 5.2%, and Quaterra Resources ( QMM), up 5%, were all gainers within the metals & mining industry with Tenaris ( TS) being today's featured metals & mining industry leader.

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).

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