Silver Wheaton Corp (SLW) Receives Price Target

Silver Wheaton Corp (SLW) : 12 investment research analysts covering Silver Wheaton Corp (SLW) have an average price target of $29.76 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $23 for the short term. Analysts expect the variance to be within $4.1 of the average price.

Silver Wheaton Corp (SLW) has an average broker rating of 1.42, which is interpreted as a Strong Buy, as rated by 12 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.


Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of Silver Wheaton Corp (NYSE:SLW). JP Morgan has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $23 per share from a prior target of $22. The rating by the firm was issued on August 15, 2016.

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 $25.10 and $24.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.24, notching a gain of 3.59% for the day. The total traded volume was 7,544,922 . The stock had closed at $25.33 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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