Silver Wheaton (NYSE:SLW) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.
- Updated: February 11, 2017
Goldman Sachs has downgraded Silver Wheaton (NYSE:SLW) from Buy to Neutral in a statement released on 2/9/2017.
Boasting a price of $22.82, Silver Wheaton (NYSE:SLW) traded 1.23% higher on the day. With the last stock price close down -4.91% 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 $20.90 and a two hundred day average of $23.44. Volume of trade was down over the average, with 3,563,826 shares of SLW changing hands under the typical 5,209,840
With a total market value of $0, Silver Wheaton has price-earnings ratio of 696.56 with a one year low of $14.50 and a one year high of $31.35 .
A total of 15 equity analysts have released a ratings update on SLW. Three equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $24.48.
Brief Synopsis About Silver Wheaton (NYSE: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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