Silver Wheaton Corp (SLW): Price Target and June Short Interest Disclosure

Silver Wheaton Corp (SLW) : The highest level Silver Wheaton Corp (SLW) is projected to reach is $32 for the short term and the lowest estimate is at $17. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $22.69 and the possibility the share price can swing is $4.43.

Silver Wheaton Corp (SLW), A increase of 671,806 shares or 9.9% was observed in the short interest of Silver Wheaton The interest on June 30,2016 came in at 7,465,734 shares and as per the average daily trading of 6,656,203 shares, the days to cover are 1. The increased interest is 1.7% of the floated shares. The data of June 15,2016 put the interest at 6,793,928 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Credit Suisse, upgrades their rating on the shares of Silver Wheaton Corp (NYSE:SLW). Credit Suisse has a Outperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 30, 2016.


Silver Wheaton Corp (NYSE:SLW): stock turned positive on Thursday. Though the stock opened at $25.44, the bulls momentum made the stock top out at $26.38 level for the day. The stock recorded a low of $25.22 and closed the trading day at $26.26, in the green by 0.31%. The total traded volume for the day was 5,335,764. The stock had closed at $26.18 in the previous days trading.

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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