Silver Wheaton Corp. (USA) (SLW) is Upgraded by Standpoint Research to Buy

Silver Wheaton Corp. (USA) (SLW) was Upgraded by Standpoint Research to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Standpoint Research advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on Silver Wheaton Corp. (USA). Silver Wheaton Corp. (USA) was Upgraded by National Bank Financial to ” Outperform” on Nov 16, 2016. Deutsche Bank Initiated Silver Wheaton Corp. (USA) on Sep 9, 2016 to “Buy”, Price Target of the shares are set at $37.

On the company’s financial health, Silver Wheaton Corp. (USA) reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 9, 2016. Analyst had a consensus of $0.22. The company had revenue of $233.00 million for the quarter, compared to analysts expectations of $264.25 million. The company’s revenue was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Silver Wheaton Corp. (USA) closed down -0.46 points or -2.40% at $18.72 with 51,46,148 shares getting traded on Monday. Post opening the session at $18.96, the shares hit an intraday low of $18.39 and an intraday high of $19.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Silver Wheaton Corp. (USA)

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