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

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 Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Silver Wheaton Corporation fell $0.46 (-1.9%) to $24.28 on average volume. Throughout the day, 6,410,491 shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 6,407,200 shares. The stock ranged in price between $24.22-$25.25 after having opened the day at $24.76 as compared to the previous trading day's close of $24.74. Other companies within the Metals & Mining industry that declined today were: Asanko Gold ( AKG), down 22.0%, Keegan Resources ( KGN), down 22.0%, L & L Energy ( LLEN), down 13.5% and McEwen Mining ( MUX), down 9.1%.

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 $9.4 billion and is part of the basic materials sector. Shares are down 26.8% year to date as of the close of trading on Friday. Currently there are 15 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.

On the positive front, Tasman Metals ( TAS), up 16.7%, Kimber Resources ( KBX), up 16.3%, Kimber Resources ( KBXR), up 16.3% and Quest Rare Minerals ( QRM), up 14.3% , were all gainers within the metals & mining industry with Gerdau ( GGB) being today's featured metals & mining industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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