5 Stocks Pushing The Basic Materials Sector Lower

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.2%) at 12,795 as of Monday, Nov. 12, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,283 issues advancing vs. 1,555 declining with 129 unchanged.

The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include SandRidge Energy ( SD), down 6.7%, NuStar Energy L.P ( NS), down 6.2%, Plains All American Pipeline ( PAA), down 3.5%, Enterprise Products Partners ( EPD), down 2.8% and Randgold Resources ( GOLD), down 1.7%. Top gainers within the sector include Emerald Oil ( EOX), up 298.4%, Titanium Metals Corporation ( TIE), up 42.3%, Kronos Worldwide ( KRO), up 10.6%, Valhi Incorporated ( VHI), up 4.1% and Nexen ( NXY), up 2.0%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Yamana Gold ( AUY) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Yamana Gold is down $0.18 (-0.9%) to $19.95 on light volume Thus far, 1.5 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $19.80-$20.31 after having opened the day at $20.25 as compared to the previous trading day's close of $20.13.

Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. Yamana Gold has a market cap of $15.3 billion and is part of the metals & mining industry. The company has a P/E ratio of 42.5, above the S&P 500 P/E ratio of 17.7. Shares are up 38.8% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Yamana Gold a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Yamana Gold 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, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Yamana Gold Ratings Report now.

4. As of noon trading, Silver Wheaton Corporation ( SLW) is down $0.60 (-1.5%) to $39.79 on average volume Thus far, 1.8 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $39.53-$40.64 after having opened the day at $40.41 as compared to the previous trading day's close of $40.39.

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 $14.4 billion and is part of the metals & mining industry. The company has a P/E ratio of 26.0, above the S&P 500 P/E ratio of 17.7. Shares are up 40.2% 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Silver Wheaton Corporation Ratings Report now.

3. As of noon trading, EOG Resources ( EOG) is down $0.45 (-0.4%) to $114.07 on light volume Thus far, 355,053 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $113.44-$115.60 after having opened the day at $115.09 as compared to the previous trading day's close of $114.52.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. EOG Resources has a market cap of $31.4 billion and is part of the energy industry. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7. Shares are up 17.5% year to date as of the close of trading on Friday. Currently there are 19 analysts that rate EOG Resources a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full EOG Resources Ratings Report now.

2. As of noon trading, Goldcorp ( GG) is down $0.40 (-0.9%) to $43.77 on light volume Thus far, 1.1 million shares of Goldcorp exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $43.47-$44.47 after having opened the day at $44.25 as compared to the previous trading day's close of $44.17.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties. It primarily explores gold, silver, copper, lead, and zinc. Goldcorp has a market cap of $36.4 billion and is part of the metals & mining industry. The company has a P/E ratio of 24.1, above the S&P 500 P/E ratio of 17.7. Shares are up 1.4% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Goldcorp a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Goldcorp as a hold. 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 and increase in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Goldcorp Ratings Report now.

1. As of noon trading, Vale ( VALE) is down $0.18 (-1.0%) to $17.92 on light volume Thus far, 4.0 million shares of Vale exchanged hands as compared to its average daily volume of 21.5 million shares. The stock has ranged in price between $17.86-$18.12 after having opened the day at $18.10 as compared to the previous trading day's close of $18.10.

Vale S.A. engages in the exploration, production, and sale of basic metals in Brazil and internationally. The company is also involved in energy, logistics, and steel businesses. Vale has a market cap of $129.2 billion and is part of the metals & mining industry. The company has a P/E ratio of 4.2, below the S&P 500 P/E ratio of 17.7. Shares are down 15.4% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Vale a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Vale as a hold. 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Vale Ratings Report now.

If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.

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