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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4. As of noon trading, Suncor Energy ( SU) is up $0.31 (0.9%) to $33.28 on light volume Thus far, 1.1 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $32.89-$33.40 after having opened the day at $32.94 as compared to the previous trading day's close of $32.97.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $50.1 billion and is part of the energy industry. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Suncor Energy as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Suncor Energy Ratings Report now.

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3. As of noon trading, Goldcorp ( GG) is up $0.28 (0.7%) to $41.01 on light volume Thus far, 1.3 million shares of Goldcorp exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $40.35-$41.29 after having opened the day at $40.55 as compared to the previous trading day's close of $40.73.

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 $33.1 billion and is part of the metals & mining industry. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. Shares are down 7.9% year to date as of the close of trading on Tuesday. 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.

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2. As of noon trading, EOG Resources ( EOG) is up $0.82 (0.7%) to $118.22 on light volume Thus far, 415,707 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $117.40-$118.54 after having opened the day at $117.79 as compared to the previous trading day's close of $117.40.

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 $32.1 billion and is part of the energy industry. The company has a P/E ratio of 26.8, above the S&P 500 P/E ratio of 17.7. Shares are up 20.4% year to date as of the close of trading on Tuesday. 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.

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1. As of noon trading, Newmont Mining Corporation ( NEM) is up $0.42 (0.9%) to $47.04 on light volume Thus far, 1.6 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $46.23-$47.32 after having opened the day at $46.43 as compared to the previous trading day's close of $46.62.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico. Newmont Mining Corporation has a market cap of $23.0 billion and is part of the metals & mining industry. The company has a P/E ratio of 108.8, above the S&P 500 P/E ratio of 17.7. Shares are down 22.0% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Newmont Mining Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Newmont Mining Corporation Ratings Report now.

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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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