Macquarie upgraded shares of Silver Wheaton (NYSE: SLW) from a neutral rating to an outperform rating in a report issued on Wednesday.
Silver Wheaton traded down 3.10% on Wednesday, hitting $35.32. Silver Wheaton has a 52-week low of $22.94 and a 52-week high of $41.30. The stock’s 50-day moving average is currently $35.86. The company has a market cap of $12.514 billion and a price-to-earnings ratio of 23.37.
A number of other analysts have also recently weighed in on SLW. Analysts at Credit Suisse upgraded shares of Silver Wheaton from a neutral rating to an outperform rating in a research note to investors on Wednesday, February 6th. They now have a $49.00 price target on the stock, up previously from $47.00. Separately, analysts at TheStreet reiterated a buy rating on shares of Silver Wheaton in a research note to investors on Tuesday, February 5th. Finally, analysts at TheStreet reiterated a buy rating on shares of Silver Wheaton in a research note to investors on Thursday, December 27th.
Fourteen research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and one has given a hold rating to the company. The stock presently has a consensus rating of buy and an average price target of $47.64.
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