5 Stocks Advancing The Basic Materials Sector

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Basic Materials sector currently sits up 1.0% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Eldorado Gold ( EGO), up 8.5%, Kinross Gold Corporation ( KGC), up 7.6%, Barrick Gold Corporation ( ABX), up 5.4%, Pembina Pipeline ( PBA), up 4.0% and Teck Resources ( TCK), up 3.1%. On the negative front, top decliners within the sector include Air Products & Chemicals ( APD), down 2.6%, Cenovus Energy ( CVE), down 2.5%, Canadian Natural Resources ( CNQ), down 1.4%, Statoil ASA ( STO), down 1.3% and Exxon Mobil Corporation ( XOM), down 1.0%.

TheStreet 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 $0.70 (7.1%) to $10.51 on average volume. Thus far, 5.4 million shares of Yamana Gold exchanged hands as compared to its average daily volume of 7.9 million shares. The stock has ranged in price between $10.24-$10.53 after having opened the day at $10.29 as compared to the previous trading day's close of $9.81.

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 $7.3 billion and is part of the metals & mining industry. Shares are down 42.9% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Yamana Gold a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Yamana Gold as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 deteriorating net income. Get the full Yamana Gold Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Silver Wheaton Corporation ( SLW) is up $1.30 (5.6%) to $24.59 on heavy volume. Thus far, 4.7 million shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $24.01-$24.60 after having opened the day at $24.01 as compared to the previous trading day's close of $23.29.

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 $8.1 billion and is part of the metals & mining industry. Shares are down 35.4% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Silver Wheaton Corporation a buy, no analysts rate it a sell, and 1 rates 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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Goldcorp ( GG) is up $1.79 (6.6%) to $28.96 on average volume. Thus far, 5.5 million shares of Goldcorp exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $28.15-$28.99 after having opened the day at $28.19 as compared to the previous trading day's close of $27.17.

Goldcorp Inc. engages in the acquisition, development, exploration, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. It primarily explores for gold ores, as well as for silver, copper, lead, and zinc ores. Goldcorp has a market cap of $21.9 billion and is part of the metals & mining industry. Shares are down 26.0% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Goldcorp a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Goldcorp as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Goldcorp Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Newmont Mining Corporation ( NEM) is up $1.58 (5.3%) to $31.09 on average volume. Thus far, 6.6 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $30.30-$31.24 after having opened the day at $30.39 as compared to the previous trading day's close of $29.51.

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, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $14.2 billion and is part of the metals & mining industry. Shares are down 36.5% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Newmont Mining Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Vale ( VALE) is up $0.23 (1.5%) to $15.74 on heavy volume. Thus far, 16.7 million shares of Vale exchanged hands as compared to its average daily volume of 17.9 million shares. The stock has ranged in price between $15.55-$15.88 after having opened the day at $15.58 as compared to the previous trading day's close of $15.51.

Vale S.A. engages in the research, production, and marketing of iron ore and pellets, nickel, fertilizers, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Vale has a market cap of $75.7 billion and is part of the metals & mining industry. Shares are down 26.0% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Vale a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Vale 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Vale Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).
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