Silver Wheaton Corp.
 (SLW)

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  • Jan. 6, 2015, 3:33 PM
    | Jan. 6, 2015, 3:33 PM | 43 Comments
  • Jan. 5, 2015, 5:30 PM
    • Early-year pain for stocks has meant gain for gold, as February gold rose 1.5% today to settle at $1,203.90/oz., its best level in three weeks, as concerns about political upheaval in Greece and falling crude prices sparked a flight from risky assets; silver added $0.46 to $16.23.
    • Rising gold prices also lifted shares of miner stocks, sending the Market Vectors Gold Miners ETF (NYSEARCA:GDX) +2.6% while the Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) +4.3%.
    • Gainers included IAG +7.4%, HL +3.1%, GOLD +2.4%, KGC +1.7%, NG +8.4%, EGO +4.7%, EXK +4.8%, RGLD +2.4%, CDE +2.6%, FNV +5.3%, SLW +1%, PAAS +3.3%, AG +6.1%, SVM +2.9%.
    • Of course, two days of gains in 2015 hardly make up for two years of declines, and Barron’s Michael Kahn is among observers suggesting that investors wait for clearer signs of progress before making a move.
    | Jan. 5, 2015, 5:30 PM | 9 Comments
  • Jan. 5, 2015, 10:25 AM
    • Silver Wheaton (SLW -0.3%) says it has again extended a silver streaming agreement related to Barrick Gold's (ABX -2%) halted Pascua-Lama project, giving it another 15 months of silver production from three of ABX’s other projects.
    • SLW’s streaming agreement for Pascua-Lama started in 2009, when it agreed to buy 25% of the silver production from the project plus 100% of the production from ABX’s Lagunas Norte, Pierina and Veladero mines; when ABX suspended construction of Pascua-Lama to cut costs amid slumping gold prices, SLW began receiving additional production from the other three ABX mines.
    • SLW now will be entitled to additional production from the three mines until March 2018.
    | Jan. 5, 2015, 10:25 AM
  • Dec. 26, 2014, 3:34 PM
    | Dec. 26, 2014, 3:34 PM | 28 Comments
  • Dec. 1, 2014, 4:45 PM
    • Gold futures surged 3.6% to reclaim the $1,200 level for the first time since late October, sparked in part by the downgrade of Japan’s sovereign debt rating and a retreat in the dollar, as well as India easing its import restrictions and some short covering.
    • Gold had sold off initially amid news that Swiss voters rejected a referendum to force the Swiss National Bank to hold 20% of its reserves in gold, slumping to overnight lows near $1,140/oz. before rallying to settle at $1,218.
    • As a result, gold miners were among the strongest sectors, with the Market Vectors Gold Miners ETF (NYSEARCA:GDX) finishing 7.7% higher; investors also may have reacted to takeover speculation, as weekend reports said Paramount Gold (NYSEMKT:PZG) was is in talks to be acquired by Coeur Mining (NYSE:CDE).
    • Among the top precious metals miners: ABX +4.3%, AEM +6.9%, AU +9.1%, GG +8.2%, GFI +9.2%, SLW +7.2%, NEM +6.8%, AGI +7.7%, IAG +11.3%, AUY +7.4%, KGC +8.5%, NGD +13.7%, GOLD +6.4%, RGLD +7%.
    • Other ETFs: NUGT, DUST, SIL, GLDX, SLVP, RING, SGDM, PSAU
    | Dec. 1, 2014, 4:45 PM | 14 Comments
  • Nov. 28, 2014, 1:21 PM
    • Already hit hard over the last two years by declining prices, gold and silver miners saw more pain today as commodity stocks in general got hammered thanks to OPEC's decision not to slash crude production.
    • Decliners: ABX -8%. GG -6.1%. AUY -9.8%. KGC -8.2%. GFI -9.9%. SLW -7%. NEM -5.8%. AGI -6.9%. PAAS -9%. AG -15.4%. SSRI -11.6%. CDE -11.4%. HL -8.8%. TAHO -7.8%.
    • Previous: Precious metals slide alongside oil; Swiss vote ahead
    | Nov. 28, 2014, 1:21 PM | 12 Comments
  • Nov. 20, 2014, 3:13 PM
    • Given the uncertain and volatile outlook for the dollar and thus gold prices, J.P. Morgan's commodities team suggests three "conservative" pair trades it expects to be profitable in a neutral or weaker metal price environment.
    • The firm recommends buying Newmont Mining (NYSE:NEM) and selling Barrick Gold (NYSE:ABX), “driven by the idea that the deal where Barrick buys Newmont could be back."
    • Buy Agnico Eagle Mines (NYSE:AEM) and sell New Gold (NYSEMKT:NGD), as JPM sees underground mines as more resilient than open pits, and AEM has fallen more sharply than deserved.
    • Also, JPM likes buying Silver Wheaton (NYSE:SLW) and selling Coeur Mining (NYSE:CDE), as it believes royalty/streaming companies will be more robust in times of weak metals prices than pure-play miners.
    | Nov. 20, 2014, 3:13 PM | 8 Comments
  • Nov. 18, 2014, 3:59 PM
    • Gold prices jumped 1.2% to settle just shy of $1,200/oz. as the dollar eased against major currencies amid tensions in eastern Europe and the Middle East, and some observers are starting to ask if gold mining and production stocks (GDX +4.8%) have finally found a bottom.
    • 24/7's Chris Lange thinks gold giants may have hit their lows on Nov. 5, followed by an impressive recovery since that date with gold fundamentals apparently not changing drastically.
    • Major precious metals miners are strong across the board: ABX +6.5%, AEM +4.4%, AU +6.2%, GG +3.7%, GFI +7.6%, SLW +3.6%, NEM +3.4%, AGI +4.9%, IAG +6.6%, AUY +6.8%, KGC +9.2%, NGD +2.8%, GOLD +1.9%, RGLD +3.7%.
    • Other ETFs: GDXJ, NUGT, DUST, SIL, JNUG, GLDX, JDST, SLVP, SILJ, RING, SGDM, PSAU
    | Nov. 18, 2014, 3:59 PM | 36 Comments
  • Nov. 12, 2014, 8:44 AM
    • Silver Wheaton (NYSE:SLW) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 1.28%
    • Payable Dec. 9; for shareholders of record Nov. 26; ex-div Nov. 21.
    | Nov. 12, 2014, 8:44 AM | 1 Comment
  • Nov. 12, 2014, 6:32 AM
    • Silver Wheaton (NYSE:SLW): Q3 EPS of $0.20 misses by $0.01.
    • Revenue of $165.9M (-0.3% Y/Y) misses by $11.38M.
    | Nov. 12, 2014, 6:32 AM | 2 Comments
  • Nov. 11, 2014, 5:30 PM
    | Nov. 11, 2014, 5:30 PM | 6 Comments
  • Nov. 10, 2014, 6:46 PM
    • With gold trading down as low as $1,131/oz., precious metals miners were hit hard again today, with the Market Vectors Gold Miners ETF (NYSEARCA:GDX) tumbling 6.3% and now 17% lower YTD.
    • Barrick Gold (NYSE:ABX), which fell 6.7% today, was the subject of negative comments from Deutsche Bank, which said, “Management’s target net debt of $7B, conveyed on its 3Q14 earnings conference call, is a tall order without a combination of a higher gold price and asset sales.”
    • Mining companies at least can look forward to the modest consolation prize of weaker local currencies and falling oil prices that will help trim their costs; for example, Agnico Eagle Mines (NYSE:AEM) estimates local currency declines could reduce its U.S. dollar-denominated cash production costs by 5%-6%.
    • Also today: AU -9.8%, GG -4.8%, GFI -4.6%, SLW -4.7%, NEM -5.9%, AGI -6.8%, IAG -6.1%, AUY -6.6%, KGC -6.4%, NGD -7.2%, GOLD -5.1%, RGLD -5.3%.
    • Other ETFs: GDXJ, NUGT, DUST, SIL, JNUG, GLDX, JDST, SLVP, SILJ, RING, SGDM, PSAU
    | Nov. 10, 2014, 6:46 PM | 14 Comments
  • Oct. 31, 2014, 11:35 AM
    • Precious metals miners are slammed for a third straight session as gold prices plunged to multiyear lows.
    • Japan’s surprise stimulus move is supporting the U.S. dollar and driving the ICE U.S. Dollar index to a four-year high, making gold more expensive to overseas buyers; while the prospect for more monetary stimulus usually increases the lure of gold, the threat of global deflation has withered gold’s appeal as a hedge against rising prices, Barron's Chris Dieterich explains.
    • Nearly everyone in the sector is hitting 52-week lows (again): ABX -4.5%, NEM -7.7%, GG -0.5%, SLW -3.6%, AGI -5.8%, AEM -4.1%, AUY -10.6%, IAG -4.6%, KGC -16.2%, NGD -6.1%, AU -2%, GOLD -1.6%.
    • Also: GFI -7.4%, RGLD -3.8%.
    • ETFs: GDX, GDXJ, NUGT, DUST, SIL, JNUG, GLDX, JDST, SLVP, RING, SGDM, PSAU
    | Oct. 31, 2014, 11:35 AM | 41 Comments
  • Oct. 29, 2014, 7:40 PM
    • Precious metals miners and the ETFs that track them were slammed today as the Fed moved to end its bond purchase program.
    • Today’s 4.3% swoon in the Market Vectors Gold Miners ETF (NYSEARCA:GDX) drives the price below $20 for the first time since Oct. 2008, and the Global X Silver Miners ETF (NYSEARCA:SIL) tumbled 3.5% to its lowest finish since its launch in April 2010.
    • The Fed action was expected, but paired with a more upbeat assessment of the U.S. labor market, gold’s appeal is further dampened vs. income generating assets, Barron's Chris Dieterich writes.
    • Among individual names today: ABX -5.1%, NEM -4.7%, GG -4.1%, GFI -3.2%, SLW -3.3%, AGI -3.4%, AEM -4.7%, AUY -4.1%, IAG -4.6%, KGC -2.9%, NGD -4.3%, AU -3.3%, RGLD -4.8%, GOLD -2.5%.
    • Other ETFs: GLD, SLV, GDXJ, NUGT, AGQ, IAU, DUST, USLV, SIVR, JNUG, SGOL, ZSL, UGL, GLDX, DGP, GLL, UGLD, DZZ, JDST, DSLV, SLVP, OUNZ, DGL, DBS, SILJ, DGZ, RING, DGLD, AGOL, SGDM, PSAU, USV, UBG, BAR, BARS
    | Oct. 29, 2014, 7:40 PM | 20 Comments
  • Oct. 9, 2014, 3:58 PM
    | Oct. 9, 2014, 3:58 PM | 57 Comments
  • Oct. 8, 2014, 6:20 PM
    | Oct. 8, 2014, 6:20 PM | 15 Comments
Company Description
Silver Wheaton Corp is a mining company engaged in sale of silver and gold.
Industry: Silver
Country: Canada