Silver Wheaton Corporation (SLW): Today's Featured Metals & Mining Winner

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 higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.8%. By the end of trading, Silver Wheaton Corporation rose 47 cents (1.3%) to $36 on average volume. Throughout the day, 2.9 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $35.13-$36.07 after having opened the day at $35.17 as compared to the previous trading day's close of $35.53. Other companies within the Metals & Mining industry that increased today were: Prospect Global Resources ( PGRX), up 26.2%, China Natural Resources ( CHNR), up 14.2%, Oxford Resource Partners ( OXF), up 9.5%, and Harmony Gold Mining ( HMY), up 7.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $12.35 billion and is part of the basic materials sector. The company has a P/E ratio of 22.3, above the S&P 500 P/E ratio of 17.7. Shares are down 3.4% 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, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Quaterra Resources ( QMM), down 19.1%, Gold Standard Ventures ( GSV), down 6.8%, General Steel Holdings ( GSI), down 6.3%, and United States Antimony Corporation ( UAMY), down 6.2%, were all laggards within the metals & mining industry with Tenaris ( TS) being today's metals & mining industry laggard.

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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null