Yamana Gold Inc (AUY): 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.

Yamana Gold ( AUY) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1%. By the end of trading, Yamana Gold fell 59 cents (-3%) to $18.98 on average volume. Throughout the day, 6.2 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 5.8 million shares. The stock ranged in price between $18.92-$19.75 after having opened the day at $19.67 as compared to the previous trading day's close of $19.57. Other companies within the Metals & Mining industry that declined today were: China Shen Zhou Mining & Resources ( SHZ), down 9.2%, Atlatsa Resources ( ATL), down 6.1%, Polymet Mining ( PLM), down 4.2%, and China Gengsheng Minerals ( CHGS), down 3.7%.
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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 $14.52 billion and is part of the basic materials sector. The company has a P/E ratio of 40.2, above the S&P 500 P/E ratio of 17.7. Shares are up 31.5% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Yamana Gold a buy, no analysts rate it a sell, and two 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.

On the positive front, Pacific Booker Minerals ( PBM), up 41.8%, James River Coal Company ( JRCC), up 10.3%, Kingold Jewelry ( KGJI), up 8.5%, and Molycorp ( MCP), up 7.2%, were all gainers within the metals & mining industry with ArcelorMittal ( MT) 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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