Silver Wheaton Corp. (USA) on Focus After Bearish Options Activity


 Silver Wheaton Corp. (USA) on Focus After Bearish Options Activity

In today’s session Silver Wheaton Corp. (USA) (SLW) recorded an unusually high (405) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SLW decrease. With 405 contracts traded and 5764 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SLW161216P00023000 closed last at: $0.86 or 24.6% up. About 2.03M shares traded hands. Silver Wheaton Corp. (USA) (NYSE:SLW) has risen 52.10% since March 2, 2016 and is uptrending. It has outperformed by 43.84% the S&P500.

Analysts await Silver Wheaton Corp. (USA) (NYSE:SLW) to report earnings on November, 1. They expect $0.20 EPS, up 66.67% or $0.08 from last year’s $0.12 per share. SLW’s profit will be $79.17 million for 28.86 P/E if the $0.20 EPS becomes a reality. After $0.14 actual EPS 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. $37 is the highest target while $13 is the lowest. The $23.56 average target is 2.04% above today’s ($23.09) stock price. Silver Wheaton Corp. has been the topic of 20 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Barclays Capital initiated the stock with “Overweight” rating in Tuesday, October 27 report. JP Morgan maintained it with “Neutral” rating and $23 target price in Monday, August 15 report. The rating was downgraded by JP Morgan on Monday, April 18 to “Neutral”. Raymond James downgraded the shares of SLW in a report on Wednesday, April 20 to “Market Perform” rating. IBC downgraded Silver Wheaton Corp. (USA) (NYSE:SLW) on Wednesday, August 12 to “Sector Perform” rating. Goldman Sachs maintained the shares of SLW in a report on Friday, August 12 with “Buy” rating. The rating was downgraded by Raymond James to “Mkt Perform” on Friday, October 16. The company was downgraded on Monday, September 14 by BMO Capital Markets. Deutsche Bank initiated it with “Buy” rating and $37 target price in Friday, September 9 report. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, November 4.

According to Zacks Investment Research, “Silver Wheaton is the only mining company with 100% of its revenue from silver production.”

Silver Wheaton Corp. is a mining company. The company has a market cap of $9.14 billion. The Firm is a pure precious metals streaming firm engaged in the sale of silver and gold. It currently has negative earnings. 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.

More notable recent Silver Wheaton Corp. (USA) (NYSE:SLW) news were published by: which released: “Silver Wheaton Corp.: Is the Party Over?” on October 04, 2016, also with their article: “Why Dollar Tree, Inc. (DLTR), Dr Pepper Snapple Group Inc. (DPS) and Silver …” published on October 04, 2016, published: “Silver Wheaton Corp. (SLW)” on March 31, 2016. More interesting news about Silver Wheaton Corp. (USA) (NYSE:SLW) were released by: and their article: “What Should Investors Do About Silver Wheaton Corp.?” published on September 29, 2016 as well as‘s news article titled: “Trade of the Day: Silver Wheaton Corp. (USA) (NYSE:SLW)” with publication date: June 02, 2016.

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