Silver Wheaton Corp (SLW) : The consensus on Silver Wheaton Corp (SLW) based on 12 analyst recommendation on the company stock is 1.42, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Silver Wheaton Corp (SLW) stock is expected to deviate a maximum of $4.5 from the average target price of $28.87 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $34 and the most muted being $18.
For the current week, the company shares have a recommendation consensus of Buy. Silver Wheaton Corp (NYSE:SLW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.20 and $30.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.57, notching a gain of 1.33% for the day. The total traded volume was 7,036,682 . The stock had closed at $30.17 on the previous day.
Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31, 2014, Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to 27 different mining assets, whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract, generally at or below the prevailing market price. As of December 31, 2014, gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu, Lagunas Norte and Pierina in Peru; 777, Canada; Salobo, Brazil; Sudbury and Minto in Canada; Veladero, Argentina; Zinkgruvan, Sweden, and Neves-Corvo and Aljustrel in Portugal.