Analyst Rating Update on Silver Wheaton Corp (SLW)

Silver Wheaton Corp (SLW) : The consensus on Silver Wheaton Corp (SLW) based on 13 analyst recommendation on the company stock is 1.54, which is interpreted as a 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. 2 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 $4.95 from the average target price of $27.25 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $33 and the most muted being $17.

For the current week, the company shares have a recommendation consensus of Buy. Also, Standpoint Research downgrades its view on Silver Wheaton Corp (NYSE:SLW) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 11, 2016.


Silver Wheaton Corp (NYSE:SLW): The stock opened at $29.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.25 for the day. The stock traded down to $28.61 during the day, due to lack of any buying support eventually closed down at $29.04 with a loss of -0.65% for the day. The stock had closed at $29.23 on the previous day. The total traded volume was 6,171,702 shares.

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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