Silver Wheaton Corp. (USA) Could Rise a Lot According to The Today’s Call Option Activity

 Silver Wheaton Corp. (USA) Could Rise a Lot According to The Today's Call Option Activity

In today’s session Silver Wheaton Corp. (USA) (SLW) registered an unusually high (1,130) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SLW increase. With 1,130 contracts traded and 9574 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SLW161021C00021000 closed last at: $2.22 or 2.3% up. The stock increased 1.27% or $0.29 on October 17, hitting $23.15. About 2.29 million shares traded hands. Silver Wheaton Corp. (USA) (NYSE:SLW) has risen 36.15% since March 14, 2016 and is uptrending. It has outperformed by 30.54% 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 $87.26M for 28.94 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 11 analysts covering Silver Wheaton Corp. (NYSE:SLW), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. Silver Wheaton Corp. has been the topic of 21 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Wednesday, August 12 the stock rating was downgraded by IBC to “Sector Perform”. The stock has “Buy” rating given by Goldman Sachs on Friday, August 12. RBC Capital Markets maintained it with “Outperform” rating and $23 target price in Wednesday, November 4 report. The firm has “Neutral” rating by JP Morgan given on Monday, April 18. The firm earned “Equal-Weight” rating on Monday, April 18 by Barclays Capital. The company was downgraded on Wednesday, April 20 by Raymond James. The firm has “Overweight” rating given on Tuesday, October 27 by Barclays Capital. The firm earned “Market Perform” rating on Monday, September 14 by BMO Capital Markets. The rating was initiated by Deutsche Bank on Friday, September 9 with “Buy”. IBC upgraded the shares of SLW in a report on Friday, January 8 to “Sector Outperform” rating.

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 $10.10 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: Fool.ca which released: “Silver Wheaton Corp.: Is This Stock Attractive Today?” on October 11, 2016, also Investorplace.com with their article: “Trade of the Day: Silver Wheaton Corp. (USA) (NYSE:SLW)” published on June 02, 2016, Investorplace.com published: “Why Dollar Tree, Inc. (DLTR), Dr Pepper Snapple Group Inc. (DPS) and Silver …” on October 04, 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: “Is Silver Wheaton Corp. Still a Good Buy?” with publication date: August 31, 2016.

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