4 Basic Materials Stocks Pushing Sector Growth

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 66 points (0.4%) at 14,999 as of Wednesday, July 3, 2013, 12:51 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.

The Basic Materials sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Petroleo Brasileiro SA Petrobras ( PBR.A), up 1.5%, LyondellBasell Industries ( LYB), up 1.4%, PetroChina ( PTR), up 0.9%, Eni SpA ( E), up 0.7% and Schlumberger ( SLB), up 0.7%. A company within the sector that fell today was Ecopetrol S.A ( EC), up 0.8%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Yamana Gold ( AUY) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Yamana Gold is up $0.34 (3.6%) to $9.72 on average volume. Thus far, 4.2 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $9.46-$9.78 after having opened the day at $9.53 as compared to the previous trading day's close of $9.39.

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 $7.4 billion and is part of the metals & mining industry. Shares are down 45.4% 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 1 rates it a hold.

TheStreet Ratings rates Yamana Gold as a hold. 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. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and weak operating cash flow. Get the full Yamana Gold Ratings Report now.

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