National Bank Financial Lowers Silver Wheaton Corp. (SLW) to Sector Perform Market Weight
Silver Wheaton Corp. (TSE:SLW) was downgraded by equities researchers at National Bank Financial from an “outperform overweight” rating to a “sector perform market weight” rating in a research report issued on Wednesday.
A number of other research analysts also recently issued reports on SLW. TD Securities boosted their price objective on shares of Silver Wheaton Corp. from C$28.00 to C$34.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Canaccord Genuity boosted their price objective on shares of Silver Wheaton Corp. from C$44.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Silver Wheaton Corp. in a research report on Friday, September 30th. Finally, CSFB boosted their price objective on shares of Silver Wheaton Corp. from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$35.55.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 30.04 on Wednesday. The stock has a 50 day moving average of $34.49 and a 200 day moving average of $30.17. Silver Wheaton Corp. has a one year low of $14.51 and a one year high of $40.80. The stock’s market cap is $13.22 billion.
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About Silver Wheaton Corp.
Silver Wheaton Corp. (Silver Wheaton) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. 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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