Trading Report: The Silver Wheaton Corp. (SLW) Rating Lowered to Sector Perform Market Weight at National Bank Financial

The Silver Wheaton Corp. (SLW) Rating Lowered to Sector Perform Market Weight at National Bank Financial

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 note issued to investors on Wednesday.

A number of other equities research analysts have also weighed in on the company. Canaccord Genuity boosted their target price on Silver Wheaton Corp. from C$30.50 to C$39.50 in a research note on Tuesday, July 12th. Royal Bank Of Canada boosted their target price on Silver Wheaton Corp. to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. CSFB raised Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$28.00 to C$35.00 in a research note on Thursday, June 30th. Finally, TD Securities boosted their target price on Silver Wheaton Corp. from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Silver Wheaton Corp. has a consensus rating of “Buy” and a consensus target price of C$35.55.

Shares of Silver Wheaton Corp. (TSE:SLW) traded up 0.80% during midday trading on Wednesday, reaching $30.28. The company’s stock had a trading volume of 184,756 shares. Silver Wheaton Corp. has a 52-week low of $14.51 and a 52-week high of $40.80. The stock has a 50-day moving average price of $34.49 and a 200-day moving average price of $30.17. The stock’s market cap is $13.33 billion.

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