Brokerage Firm Rating Update on Silver Wheaton Corp (SLW)

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 3, which is also a Hold.

Silver Wheaton Corp (SLW) : The highest level Silver Wheaton Corp (SLW) is projected to reach is $35 for the short term and the lowest estimate is at $23. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $29.55 and the possibility the share price can swing is $4.56.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, JP Morgan maintains its outlook on Silver Wheaton Corp (NYSE:SLW). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $22 per share to $23 per share. The rating by the firm was issued on August 15, 2016.

Silver Wheaton Corp (NYSE:SLW): The stock opened at $28.84 and touched an intraday high of $29.32 on Wednesday. During the day, the stock corrected to an intraday low of $28.3, however, the bulls stepped in and pushed the price higher to close in the green at $29.25 with a gain of 1.32% for the day. The total traded volume for the day was 5,997,732. The stock had closed at $28.87 in the previous trading session.

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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