Goldman Sachs Maintains Silver Wheaton Corp. (USA) to Buy with Price Target $28.00

Brokerage firm Goldman Sachs Maintains its rating on Silver Wheaton Corp. (USA)(NYSE:SLW). In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share. The shares have been rated Buy. The rating by Goldman Sachs was issued on Aug 5, 2016.

In a different note, On Jul 11, 2016, Standpoint Research said it Downgrades its rating on Silver Wheaton Corp. (USA). The shares have been rated ‘Hold’ by the firm. On Jun 30, 2016, Credit Suisse said it Upgrades its rating on Silver Wheaton Corp. (USA). The shares have been rated ‘Outperform’ by the firm. On May 12, 2016, BMO Capital said it Upgrades its rating on Silver Wheaton Corp. (USA). The shares have been rated ‘Outperform’ by the firm.

Silver Wheaton Corp. (USA) (SLW) shares turned negative on Wednesdays trading session with the shares closing down -0.56 points or -1.81% at a volume of 66,36,826. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.58. The peak price level was also seen at $30.58 while the days lowest was $29.48. Finally the shares closed at $30.32. The 52-week high of the shares is $31.35 while the 52-week low is $10.04. According to the latest information available, the market cap of the company is $13,347 M.

Silver Wheaton Corp. (USA)(SLW) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $187.51M. Analysts had an estimated revenue of $186.05M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.12.

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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