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Enter Symbol:
 
Silver Wheaton Corp (SLW) [hlAlert]

Rating:
Strong Buy
SLW
down 40.91 %

Silver Wheaton Corp (SLW) rated Strong Buy with price target $30 by Raymond James

Posted on: Monday,  Dec 2, 2013  9:25 AM ET by Raymond James

Raymond James rated Strong Buy Silver Wheaton Corp (NYSE: SLW) on 12/02/2013, when the stock price was $20.31.
Since then, Silver Wheaton Corp has lost 40.92% as of 01/08/2016's recent price of $12.00.
If you would have followed this Raymond James's recommendation on SLW, you would have lost 40.91% of your investment in 767 days.

Silver Wheaton Corp. (Silver Wheaton) is engaged in the silver mining business. The Company has entered into nine long-term silver purchase agreements with Goldcorp (Luismin mines and Penasquito mine in Mexico), Lundin Mining (Zinkgruvan mine in Sweden), Glencore (Yauliyacu mine in Peru), Hellas Gold (Stratoni mine in Greece), Mercator (Mineral Park mine in Arizona, the United States), Farallon (Campo Morado mine in Mexico), Aurcana (La Negra mine in Mexico), and Alexco (Keno Hill property in Canada) whereby Silver Wheaton acquires silver production from the counterparties. The Company?s silver mining projects include Luismin, Zinkgruvan, Yauliyacu, Stratoni and Penasquito. The operations at the Luismin mines, the Penasquito mine, the La Negra mine and the Campo Morado mine are conducted in Mexico. In May 2009, the Company completed the acquisition of Silverstone Resources Corp. (Silverstone). As a result, Silverstone has become a wholly owned subsidiary of Silver Wheaton.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/2/2013 9:25 AM Buy
None
20.31 30.00
as of 12/13/2013
1 Week up  2.67 %
1 Month up  0.24 %
3 Months   
1 YTD up  0.24 %

(*) Stock Price at the time of the recommendation.
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