Silver Wheaton Corporation (SLW): Today's Featured Basic Materials Winner

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.

Silver Wheaton Corporation ( SLW) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 1.0%. By the end of trading, Silver Wheaton Corporation rose $1.22 (5.2%) to $24.51 on heavy volume. Throughout the day, 8,208,069 shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 5,456,800 shares. The stock ranged in a price between $24.01-$24.63 after having opened the day at $24.01 as compared to the previous trading day's close of $23.29. Other companies within the Basic Materials sector that increased today were: Golden Star Resources ( GSS), up 30.6%, Cardero Resources Corporation ( CDY), up 26.3%, Ossen Innovation ( OSN), up 24.4% and Lake Shore Gold ( LSG), up 22.8%.

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.

On the negative front, New Concept Energy ( GBR), down 16.0%, Crosshair Energy ( CXZ), down 15.5%, KiOR ( KIOR), down 12.0% and GeoPetro Resources Company ( GPR), down 10.5% , were all laggards within the basic materials sector with Petroleo Brasileiro SA Petrobras ( PBR) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, 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).

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

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