NEW YORK (TheStreet) -- Shares of U.S. Silica Holdings, Inc. (SLCA) are up slightly, 0.25% to $55.58, in after-hours trading on Monday as it announced it received approval from Fairchild, WI to begin development of a new, three million ton-per-year frac sand mine and plant.
The proposed facility, which will be served by the Union Pacific Railroad, is anticipated to become operational in the fourth quarter of 2015.
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Separately, TheStreet Ratings team rates U S SILICA HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate U S SILICA HOLDINGS INC (SLCA) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."