5 Stocks Underperforming Today In The Metals & Mining Industry

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 127 points (0.8%) at 15,307 as of Tuesday, June 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Metals & Mining industry currently sits down 0.09 versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the industry include Franco-Nevada ( FNV), down 4.28, Anglogold Ashanti ( AU), down 3.53, Agnico Eagle Mines ( AEM), down 3.04, Eldorado Gold ( EGO), down 3.27 and Randgold Resources ( GOLD), down 2.39.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Silver Wheaton Corporation ( SLW) is one of the companies pushing the Metals & Mining industry lower today. As of noon trading, Silver Wheaton Corporation is down $0.46 (-2.0%) to $22.84 on light volume Thus far, 2.1 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $22.72-$23.40 after having opened the day at $23.17 as compared to the previous trading day's close of $23.30.

Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Silver Wheaton Corporation has a market cap of $8.2 billion and is part of the basic materials sector. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are down 35.4% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Silver Wheaton Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Silver Wheaton Corporation Ratings Report now.

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