5 Stocks Pushing The Basic Materials Sector Higher

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Basic Materials sector currently sits up 0.2% versus the S&P 500, which is up 0.0%. Top gainers within the sector include Eldorado Gold ( EGO), up 3.0%, Kinross Gold Corporation ( KGC), up 1.4%, Valero Energy Corporation ( VLO), up 1.6%, Barrick Gold Corporation ( ABX), up 1.2% and Southern Copper Corporation ( SCCO), up 1.3%. On the negative front, top decliners within the sector include Petroleo Brasileiro SA Petrobras ( PBR), down 2.3%, and POSCO ( PKX), down 2.0%.

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

5. Yamana Gold ( AUY) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Yamana Gold is up $0.32 (1.7%) to $19.06 on light volume Thus far, 1.6 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $18.70-$19.17 after having opened the day at $18.72 as compared to the previous trading day's close of $18.74.

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 $14.2 billion and is part of the metals & mining industry. The company has a P/E ratio of 39.3, above the S&P 500 P/E ratio of 17.7. Shares are up 28.5% year to date as of the close of trading on Tuesday. 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, good cash flow from operations, expanding profit margins and solid stock price performance. 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.

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