Smart Money Buying the Price Weakness of Silver Wheaton Corp (SLW)

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Image source Barrick Gold

This rating was issued on 11/22/16.

In the trailing 12 months period, return on assets ratio of the Company was 0.30% and return on equity ratio was 0.30% while its return on investment ratio was -2.70%.

Silver Wheaton Corp. (NYSE:SLW) topped its 52-week high price target of 31.35 on Aug 11, 2016. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. (NYSE:SLW) (TSE:SLW) by 5.8% during the fourth quarter, Holdings Channel reports. National Bank FInancial Downgrades the stock to Sector Perform on 10/13/16 with no specific Price Target. (NYSE:SLW) to Neutral with a price target of $23.

Silver Wheaton Corp (SLW) has been in the radar of several wallstreet critics.

According to Yahoo Finance, the price target for the company which analysts are aiming is 43. Seven Eight Capital LP purchased a new stake in Silver Wheaton Corp. during the fourth quarter valued at about $1,335,000. Year-to-Date the stock performance stands at -1.09%.Silver Wheaton Corp. has lost 2.25% in the last five trading days and dropped 13.96% in the last 4 weeks.Silver Wheaton Corp (NYSE:SLW) stock ended Friday session in the red zone in a volatile trading.

Zacks Investment Research also rated the stock with a value of 1.42. (NYSE:SLW) (TSE:SLW) have been assigned an average recommendation of "Buy" from the sixteen research firms that are presently covering the firm. Current stock price is in the upbeat territory taking into account of 20 days moving average with -10.05% and continued bullish run for 50 days moving average with -9.75%. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.17 earnings per share. Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $0.16 for the SLW while maintaining high price target of 33.50 and average of 27.44, as declared by WSJ.

The company's stock now has 8.28 Billion in market capitalization. The year ago sales the company reported in the same quarter is 200.5 Million. The stock carved out a 52-week low down at $15.58.

In the case of Silver Wheaton Corp, the RSI reading has hit 28.6 - by comparison, the universe of metals and mining stocks covered by Metals Channel now has an average RSI of 41.0, the RSI of Spot Gold is at 37.4, and the RSI of Spot Silver is presently 38.9. The Moving Average SMA50 is -7.83% while SMA200 is -16.58%.

In the past 5 years, the stock showed growth of -24.63% per annum. To take look on ration of tradable shares being shorted in market, float short ration was 2.48%, as compared to sentiment indicator; Short Ratio was 2.25. The P/E ratio was recorded at 2407.50.The volatility in the previous week has experienced by 3.41% and observed of 3.19% in the previous month.64.10% ownership is held by institutional investors while insiders hold ownership of 0.20%. National Bank Financial now has a "Outperform" rating on the stock.

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