Silver Wheaton Rating Increased to Buy at TheStreet (SLW)
Silver Wheaton (NYSE:SLW) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Silver Wheaton Corporation (SLW) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Silver Wheaton from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 29th. They now have a $20.80 price target on the stock. Separately, analysts at Raymond James upgraded shares of Silver Wheaton from an “outperform” rating to a “strong-buy” rating in a research note on Monday, December 2nd. They now have a $30.00 price target on the stock, down previously from $35.50. Finally, analysts at Raymond James initiated coverage on shares of Silver Wheaton in a research note on Monday, December 2nd. They set a “strong-buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $29.46.
Shares of Silver Wheaton (NYSE:SLW) traded down 1.08% during mid-day trading on Friday, hitting $25.67. The stock had a trading volume of 1,701,047 shares. Silver Wheaton has a 1-year low of $17.75 and a 1-year high of $32.72. The stock has a 50-day moving average of $22.42 and a 200-day moving average of $22.92. The company has a market cap of $9.174 billion and a P/E ratio of 20.12.
Silver Wheaton Corp. (NYSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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