, Tracking Stock Market Picks
Enter Symbol:
Rating: SLW
Buy $24
down 11.00 %

Silver Wheaton Corp (NYSE: SLW) reiterated to Buy with price target $24 by Standpoint Research

Thursday,  Nov 6, 2014  11:25 AM ET by Dave Ficere

Standpoint Research reiterated Silver Wheaton Corp (NYSE: SLW) to Buy with price target $24. Previously Standpoint Research rated Buy Silver Wheaton Corp (NYSE:
SLW) on 07/01/2013, when the stock price was $19.97. Since then, Silver Wheaton Corp's stock price has lost 11% as of 11/06/2014's recent price of $17.77.
If you would have followed the previous Standpoint Research's recommendation on SLW, you would have lost 11% of your investment in 493 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.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.

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