Price Action to Note: Is Silver Wheaton Corp. (USA) a Sell? The Stock Declines Again

Price Action to Note: Is Silver Wheaton Corp. (USA) a Sell? The Stock Declines Again

The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) is a huge mover today! About 9.44 million shares traded hands or 98.32% up from the average. Silver Wheaton Corp. (USA) (NYSE:SLW) has risen 45.94% since April 8, 2016 and is uptrending. It has outperformed by 40.29% the S&P500.
The move comes after 8 months negative chart setup for the $9.08 billion company. It was reported on Nov, 10 by Barchart.com. We have $18.77 PT which if reached, will make NYSE:SLW worth $635.60 million less.

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. IBC downgraded Silver Wheaton Corp. (USA) (NYSE:SLW) on Wednesday, August 12 to “Sector Perform” rating. The firm has “Overweight” rating by Barclays Capital given on Friday, March 18. BMO Capital Markets downgraded it to “Market Perform” rating and $13 target price in Monday, September 14 report. The firm has “Overweight” rating given on Tuesday, October 27 by Barclays Capital. The rating was downgraded by Barclays Capital on Monday, April 18 to “Equal-Weight”. As per Wednesday, November 4, the company rating was maintained by RBC Capital Markets. The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) earned “Outperform” rating by BMO Capital Markets on Thursday, May 12. The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) has “Neutral” rating given on Monday, April 18 by JP Morgan. The rating was downgraded by Raymond James on Wednesday, April 20 to “Market Perform”. The firm has “Buy” rating by Goldman Sachs given on Friday, August 12.

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

More news for Silver Wheaton Corp. (USA) (NYSE:SLW) were recently published by: Investorplace.com, which released: “Trade of the Day: Silver Wheaton Corp. (USA) (NYSE:SLW)” on June 02, 2016. Fool.ca‘s article titled: “Is Silver Wheaton Corp. Heading Back to $40?” and published on November 03, 2016 is yet another important article.

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