Market Overview

UPDATE: Credit Suisse Upgrades Silver Wheaton to Outperform on Gold Exposure Increase

Related SLW
Earnings Scheduled For November 12, 2014
Standpoint Research Upgrades Silver Wheaton To Buy

Credit Suisse upgraded Silver Wheaton (NYSE: SLW) from Neutral to Outperform and raised the price target from $47.00 to $49.00.

Credit Suisse noted, "SLW announced a binding term sheet to acquire two gold streams from Vale. … Doubling down on gold exposure. SLW estimates revenues generated from gold over the next five years will increase from ~12% to a peak of ~25%. … Recent underperformance in the shares vs. silver price (-9% on 3Mth basis) provides a compelling entry point in the shares given our view that SLW warrants a premium valuation due to its above average growth profile, fixed-cost structure, and strong liquidity position."

Silver Wheaton closed at $36.79 on Wednesday.

Latest Ratings for SLW

DateFirmActionFromTo
Nov 2014Standpoint ResearchUpgradesHoldBuy
Oct 2014JP MorganMaintainsOverweight
Jul 2014Salman PartnersUpgradesBuy

View More Analyst Ratings for SLW
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Analyst Ratings

 

Related Articles (SLW)

Around the Web, We're Loving...

Get Benzinga's Newsletters