Could Silver Wheaton Corp. (USA) Change Direction After Today’s Bullish Options Activity?

 Could Silver Wheaton Corp. (USA) Change Direction After Today's Bullish Options Activity?

In today’s session Silver Wheaton Corp. (USA) (SLW) registered an unusually high (567) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious SLW increase. With 567 contracts traded and 5004 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: SLW170317C00018000 closed last at: $2.25 or 15.7% down. About 1.28 million shares traded hands. Silver Wheaton Corp. (USA) (NYSE:SLW) has declined 0.38% since April 22, 2016 and is downtrending. It has underperformed by 5.79% the S&P500.

Analysts await Silver Wheaton Corp. (USA) (NYSE:SLW) to report earnings on March, 15. They expect $0.22 EPS, up 57.14% or $0.08 from last year’s $0.14 per share. SLW’s profit will be $91.35 million for 20.58 P/E if the $0.22 EPS becomes a reality. After $0.19 actual EPS reported by Silver Wheaton Corp. (USA) for the previous quarter, Wall Street now forecasts 15.79% EPS growth.

Silver Wheaton Corp. (USA) (NYSE:SLW) Ratings Coverage

Out of 11 analysts covering Silver Wheaton Corp. (NYSE:SLW), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. $37 is the highest target while $13 is the lowest. The $23.56 average target is 29.95% above today’s ($18.13) stock price. Silver Wheaton Corp. has been the topic of 23 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Silver Wheaton Corp. (USA) (NYSE:SLW) on Friday, March 18 with “Overweight” rating. The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) has “Sector Perform” rating given on Thursday, October 13 by National Bank Canada. As per Friday, September 9, the company rating was initiated by Deutsche Bank. The stock of Silver Wheaton Corp. (USA) (NYSE:SLW) earned “Neutral” rating by JP Morgan on Monday, August 15. On Wednesday, August 12 the stock rating was downgraded by IBC to “Sector Perform”. The rating was upgraded by BMO Capital Markets to “Outperform” on Thursday, May 12. The firm has “Hold” rating by Standpoint Research given on Monday, July 11. The rating was downgraded by Barclays Capital on Monday, April 18 to “Equal-Weight”. The stock has “Buy” rating given by Standpoint Research on Tuesday, November 22. The company was downgraded on Monday, April 18 by JP Morgan.

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 $7.53 billion. The Firm is a pure precious metals streaming firm engaged in the sale of silver and gold. It has a 2202.92 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.

More important recent Silver Wheaton Corp. (USA) (NYSE:SLW) news were published by: Fool.ca which released: “Why Silver Wheaton Corp. Is a Great Investment” on November 21, 2016, also Investorplace.com published article titled: “Trade of the Day: Silver Wheaton Corp. (USA) (NYSE:SLW)”, 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) was released by: Fool.ca and their article: “Silver Wheaton Corp.: Could This Stock Hit $50?” with publication date: August 03, 2016.

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