The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) is a huge mover today! The stock decreased 2.24% or $0.62 during the last trading session, hitting $27.03. About 4.56 million shares traded hands. Silver Wheaton Corp. (USA) (NYSE:SLW) has risen 71.84% since February 29, 2016 and is uptrending. It has outperformed by 61.41% the S&P500.
The move comes after 5 months negative chart setup for the $11.85 billion company. It was reported on Oct, 1 by Barchart.com. We have $25.41 PT which if reached, will make NYSE:SLW worth $711.00M less.
Analysts await Silver Wheaton Corp. (USA) (NYSE:SLW) to report earnings on November, 1. They expect $0.20 earnings per share, up 66.67% or $0.08 from last year’s $0.12 per share. SLW’s profit will be $87.68M for 33.79 P/E if the $0.20 EPS becomes a reality. After $0.14 actual earnings per share reported by Silver Wheaton Corp. (USA) for the previous quarter, Wall Street now forecasts 42.86% EPS growth.
Silver Wheaton Corp. (USA) (NYSE:SLW) Ratings Coverage
Out of 10 analysts covering Silver Wheaton Corp. (NYSE:SLW), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Silver Wheaton Corp. has been the topic of 20 analyst reports since August 12, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded it to “Market Perform” rating and $13 target price in Monday, September 14 report. The company was downgraded on Wednesday, April 20 by Raymond James. The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) has “Sector Perform” rating given on Wednesday, August 12 by IBC. RBC Capital Markets maintained the shares of SLW in a report on Wednesday, November 4 with “Outperform” rating. JP Morgan maintained Silver Wheaton Corp. (USA) (NYSE:SLW) on Monday, August 15 with “Neutral” rating. The stock has “Mkt Perform” rating given by Raymond James on Friday, October 16. The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) earned “Neutral” rating by JP Morgan on Monday, April 18. Barclays Capital maintained the stock with “Overweight” rating in Friday, March 18 report. IBC upgraded Silver Wheaton Corp. (USA) (NYSE:SLW) on Friday, January 8 to “Sector Outperform” rating. The stock has “Buy” rating given by Goldman Sachs on Friday, August 12.
According to Zacks Investment Research, “Silver Wheaton is the only mining company with 100% of its revenue from silver production.”
More notable recent Silver Wheaton Corp. (USA) (NYSE:SLW) news were published by: Fool.ca which released: “What Should Investors Do About Silver Wheaton Corp.?” on September 29, 2016, also Fool.com with their article: “Better Buy: Silver Wheaton Corp. vs. Barrick Gold Corp.” published on September 27, 2016, Finance.Yahoo.com published: “Silver Wheaton Corp. (SLW)” on March 31, 2016. More interesting news about Silver Wheaton Corp. (USA) (NYSE:SLW) were released by: Fool.ca and their article: “Why Silver Wheaton Corp. Should Stay in Your Portfolio” published on September 22, 2016 as well as Fool.ca‘s news article titled: “Silver Wheaton Corp.: Should You Load Up on This Stock Before the Fed Decision?” with publication date: September 21, 2016.
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