Could Silver Wheaton Corp. Change Direction After Today’s Huge Decline?

 Could Silver Wheaton Corp. Change Direction After Today's Huge Decline?

The stock of Silver Wheaton Corp. (TSE:SLW) is a huge mover today! About 973,164 shares traded hands. Silver Wheaton Corp. (TSE:SLW) has risen 51.51% since March 31, 2016 and is uptrending. It has outperformed by 50.42% the S&P500.
The move comes after 9 months negative chart setup for the $14.13B company. It was reported on Nov, 4 by Barchart.com. We have $30.14 PT which if reached, will make TSE:SLW worth $706.50 million less.

Silver Wheaton Corp. (TSE:SLW) Ratings Coverage

Out of 3 analysts covering Silver Wheaton Corp. (TSE:SLW), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $45 is the highest target while $19 is the lowest. The $31.50 average target is -0.72% below today’s ($31.73) stock price. Silver Wheaton Corp. has been the topic of 12 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, February 4 by JP Morgan.

More notable recent Silver Wheaton Corp. (TSE:SLW) news were published by: Fool.com which released: “When Will Silver Wheaton Corp. Split Its Stock?” on October 26, 2016, also Fool.ca with their article: “Is Silver Wheaton Corp. Heading Back to $40?” published on November 03, 2016, Seekingalpha.com published: “Silver Wheaton: Looks Like We Were Wrong” on October 28, 2016. More interesting news about Silver Wheaton Corp. (TSE:SLW) were released by: Seekingalpha.com and their article: “Continue To Stay Away From Silver Wheaton” published on November 01, 2016 as well as Seekingalpha.com‘s news article titled: “Why Silver Wheaton Is Ready To Break Out” with publication date: October 27, 2016.

Silver Wheaton Corp. is a mining company. The company has a market cap of $14.13 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.

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