After Today’s Huge Decline, Is Silver Wheaton Corp.’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Silver Wheaton Corp.'s Near Term Analysis Negative?

The stock of Silver Wheaton Corp. (TSE:SLW) is a huge mover today! About 1.12 million shares traded hands. Silver Wheaton Corp. (TSE:SLW) has risen 12.98% since April 8, 2016 and is uptrending. It has outperformed by 8.00% the S&P500.
The move comes after 5 months negative chart setup for the $9.50 billion company. It was reported on Nov, 14 by We have $22.04 PT which if reached, will make TSE:SLW worth $760.00M less.

Silver Wheaton Corp. (TSE:SLW) Ratings Coverage

Out of 4 analysts covering Silver Wheaton Corp. (TSE:SLW), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Silver Wheaton Corp. has been the topic of 13 analyst reports since August 13, 2015 according to StockzIntelligence Inc. JP Morgan initiated the stock with “Overweight” rating in Thursday, February 4 report. The company was maintained on Friday, November 11 by Scotia Capital.

More notable recent Silver Wheaton Corp. (TSE:SLW) news were published by: which released: “Better Buy: Silver Wheaton Corp. vs. Hecla Mining” on November 11, 2016, also with their article: “When Will Silver Wheaton Corp. Split Its Stock?” published on October 26, 2016, published: “Silver Wheaton Corp. Q3 Profit Rises 67%” on November 09, 2016. More interesting news about Silver Wheaton Corp. (TSE:SLW) were released by: and their article: “Earnings Reaction History: Silver Wheaton Corp., 40.0% Follow-Through …” published on November 09, 2016 as well as‘s news article titled: “Silver Wheaton: Looks Like We Were Wrong” with publication date: October 28, 2016.

Silver Wheaton Corp. is a mining company. The company has a market cap of $9.50 billion. The Firm is a pure precious metals streaming firm engaged in the sale of silver and gold. It has a 2150.81 P/E ratio. 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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