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 closed the day down 2.5%. By the end of trading, Silver Wheaton Corporation fell $1.12 (-3.1%) to $35.40 on heavy volume. Throughout the day, 7.6 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 4.8 million shares. The stock ranged in price between $35.14-$36.61 after having opened the day at $36.46 as compared to the previous trading day's close of $36.52. Other companies within the Metals & Mining industry that declined today were: General Steel Holdings ( GSI), down 19.5%, Sandstorm Gold ( SAND), down 12.3%, United States Antimony Corporation ( UAMY), down 10.7%, and Minco Gold Corporation ( MGH), down 10.6%.
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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 $13.87 billion and is part of the basic materials sector. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7. Shares are up 35.2% year to date as of the close of trading on Wednesday. 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.

On the positive front, Atlatsa Resources ( ATL), up 6.7%, Golden Star Resources ( GSS), up 4.9%, Grupo Simec S.A.B. de C.V ( SIM), up 4.9%, and Friedman Industries ( FRD), up 4.8%, 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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