Goldman Sachs downgraded Silver Wheaton (TSE:SLW) from Buy to Neutral in a statement released earlier today.
- Updated: February 11, 2017
Goldman Sachs has downgraded Silver Wheaton (TSE:SLW) from Buy to Neutral in a report released on Thursday February 09, 2017.
On Friday February 03, 2017, Canaccord Genuity released a statement about Silver Wheaton (TSE:SLW) upped the target price from $37.00 to $38.00 that suggested an upside of 0.31%.
Having a price of $29.03, Silver Wheaton (TSE:SLW) traded 0.79% higher on the day. With the last stock close price down -5.42% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Silver Wheaton has recorded a 50-day average of $27.69 and a two hundred day average of $30.84. Trade Volume was down over the average, with 954,041 shares of SLW changing hands under the typical 1,649,570
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Silver Wheaton has a 52 week low of $20.10 and a 52 week high of $40.80 with a P/E ratio of 911.56 Silver Wheaton’s market capitalization is currently $0.
In addition to Goldman Sachs reporting its target price, a total of 13 brokers have issued a report on SLW. The one year target is $33.61 with two equity analysts rating the company a strong buy, ten brokerages rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Information About Silver Wheaton (TSE:SLW)
Silver Wheaton Corp. (Silver Wheaton) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. It has entered into over 19 long-term purchase agreements and approximately two early deposit long-term purchase agreement associated with silver and gold, relating to over 30 different mining assets, whereby Silver Wheaton acquires silver and gold production at various mines. Its portfolio of precious metal streams includes over 22 operating mines and seven development projects. It has nine segments, which include the silver produced by the San Dimas, Yauliyacu, Penasquito, Barrick and Antamina mines; the gold produced by the Sudbury and Salobo mines, and the silver and gold produced by the Other mines and corporate operations. Its other mines include Los Filos mine, Zinkgruvan mining operations, Stratoni mine, Keno Hill silver, Cozamin mine, Neves-Corvo mine, Aljustrel mine, 777 mine and Constancia mines.
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