Silver Wheaton Corp (SLW) : Analyst Rating Update

Silver Wheaton Corp (SLW) : Zacks Investment Research ranks Silver Wheaton Corp (SLW) as 4, which is a Sell recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.54, which indicates as a Buy.

Silver Wheaton Corp (SLW) : 14 investment research analysts covering Silver Wheaton Corp (SLW) have an average price target of $22.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $17 for the short term. Analysts expect the variance to be within $3.75 of the average price.

Silver Wheaton Corp (NYSE:SLW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.88 and $24.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.61, notching a gain of 3.89% for the day. The total traded volume was 9,170,432 . The stock had closed at $24.65 on the previous day.

Also, In a research note released to the investors, Credit Suisse upgrades its rating on Silver Wheaton Corp (NYSE:SLW).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 30, 2016. The company shares have rallied 60.27% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $25.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.60 and the 200 Day Moving Average price is recorded at $16.79.

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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