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 down 0.2%. By the end of trading, Silver Wheaton Corporation rose $0.22 (1.0%) to $21.34 on average volume. Throughout the day, 4,843,125 shares of Silver Wheaton Corporation exchanged hands as compared to its average daily volume of 4,732,000 shares. The stock ranged in a price between $21.25-$21.73 after having opened the day at $21.29 as compared to the previous trading day's close of $21.12. Other companies within the Basic Materials sector that increased today were: Minco Gold Corporation ( MGH), up 21.6%, Ceres ( CERE), up 14.6%, Recon Technology ( RCON), up 13.6% and North American Palladium ( PAL), up 12.5%.

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 $7.6 billion and is part of the metals & mining industry. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7. Shares are up 4.6% 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, 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, deteriorating net income and weak operating cash flow.

On the negative front, Great Northern Iron Ore ( GNI), down 46.8%, WSP Holdings ( WH), down 12.6%, China Natural Resources ( CHNR), down 12.5% and Atlatsa Resources ( ATL), down 8.7% , were all laggards within the basic materials sector with Devon Energy ( DVN) 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).

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