Short Term Price Target on Silver Wheaton Corp (SLW)

Silver Wheaton Corp (NYSE:SLW) : 14 investment research analysts covering Silver Wheaton Corp (NYSE:SLW) have an average price target of $22.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $17 for the short term. Analysts expect the variance to be within $3.75 of the average price.

Shares of Silver Wheaton Corp. rose by 12.96% in the last five trading days and 26.71% for the last 4 weeks. Silver Wheaton Corp. is up 43.76% in the last 3-month period. Year-to-Date the stock performance stands at 90.49%. Also, BMO Capital upgrades their rating on the shares of Silver Wheaton Corp (NYSE:SLW). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 12, 2016.

Silver Wheaton Corp (NYSE:SLW) : 8 brokerage houses believe that Silver Wheaton Corp (NYSE:SLW) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Silver Wheaton Corp (NYSE:SLW). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 1.54.

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 $23.21 and $22.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.53, notching a gain of 3.11% for the day. The total traded volume was 5,633,851 . The stock had closed at $22.82 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.

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