Notable Runner: After Today’s Huge Increase, Is Silver Wheaton Corp. (USA)’s Near-Term Analysis Positive?

Notable Runner: After Today's Huge Increase, Is Silver Wheaton Corp. (USA)'s Near Term Analysis Positive?

The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) is a huge mover today! About 1.82 million shares traded hands. Silver Wheaton Corp. (USA) (NYSE:SLW) has risen 38.43% since March 4, 2016 and is uptrending. It has outperformed by 30.39% the S&P500.
The move comes after 9 months positive chart setup for the $9.77B company. It was reported on Oct, 7 by Barchart.com. We have $30.07 PT which if reached, will make NYSE:SLW worth $3.22B more.

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 $86.42M for 28.26 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. The stock has “Outperform” rating given by BMO Capital Markets on Thursday, May 12. Barclays Capital downgraded it to “Equal-Weight” rating and $17 target price in Monday, April 18 report. JP Morgan maintained Silver Wheaton Corp. (USA) (NYSE:SLW) rating on Monday, August 15. JP Morgan has “Neutral” rating and $23 price target. The firm has “Sector Outperform” rating by IBC given on Friday, January 8. The firm earned “Overweight” rating on Tuesday, October 27 by Barclays Capital. RBC Capital Markets maintained the shares of SLW in a report on Wednesday, November 4 with “Outperform” rating. The stock has “Buy” rating given by Goldman Sachs on Friday, August 12. The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) earned “Market Perform” rating by Raymond James on Wednesday, April 20. BMO Capital Markets downgraded it to “Market Perform” rating and $13 target price in Monday, September 14 report. The firm has “Sector Perform” rating given on Wednesday, August 12 by IBC.

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: Investorplace.com which released: “Why Dollar Tree, Inc. (DLTR), Dr Pepper Snapple Group Inc. (DPS) and Silver …” on October 04, 2016, also Investorplace.com with their article: “Trade of the Day: Silver Wheaton Corp. (USA) (NYSE:SLW)” published on June 02, 2016, Fool.ca published: “Why Silver Wheaton Corp. Should Stay in Your Portfolio” on September 22, 2016. More interesting news about Silver Wheaton Corp. (USA) (NYSE:SLW) were released by: Investorplace.com and their article: “Silver Wheaton Corp. (USA): SLW Stock Makes Its Move!” published on July 22, 2016 as well as Fool.ca‘s news article titled: “What Should Investors Do About Silver Wheaton Corp.?” with publication date: September 29, 2016.

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