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Silver Wheaton Corp. (SLW)

- NYSE
  • Jul. 1, 2013, 11:24 AM
    Oppenheimer technical analyst Carter Worth thinks the charts for gold and gold miners are so bad they're good, predicting bullion to rally 12.5% to $1,395/oz. and the miners ETF (GDX +1.2%) to climb 10%. AngloGold (AU +2.6%), Goldcorp (GG +1%), Barrick (ABX -3.2%), Newmont (NEM -1.2%) and Silver Wheaton (SLW +3.2%) are among several gold stocks Worth thinks are buys.
    | 10 Comments
  • Jul. 1, 2013, 8:19 AM
    While some say Barrick Gold (ABX) should walk away from its Pascua-Lama project after the latest production delay, that wouldn't be easy: Once complete, the mine would produce 800K-850K oz./year at all-in sustaining costs of just $50-$200/oz. Plus, ABX already has spent ~$5B on the project, shuttering costs could top $1B, and it would have to pay out Silver Wheaton (SLW), which has rights to part of the mine's silver output. ABX -0.8% premarket.
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  • Jun. 30, 2013, 2:41 AM
    A record quarterly drop of 23% in gold prices in Q2 to $1,223.80 has exposed miners' massive debts, which have increased to a high of $21B at 55 top gold and silver producers from under $2B in the past 10 years. Gold has now become cheaper to buy than to extract for many firms. If prices stay below $1,300 for over two quarters, S&P reckons downgrades could be on the cards. Barrick Gold (ABX) is particularly exposed with debts of $14.8B.
    | 21 Comments
  • Jun. 28, 2013, 4:18 PM
    Gold (GLD, IAU) and silver SLV, PSLV) stocks finish with huge gains, as bargain hunters swoop in to buy beaten-down miner shares. KGC +9.9%. ABX +5.9%. GG +8.5%. NG +9.3%. CDE +9.6%. SLW +7.5%. PAAS +7.1%. NEM +8.1%. SA +12.9%. SBGL +6.9%.  (earlier)
    | 18 Comments
  • Jun. 26, 2013, 12:44 PM
    As if gold mining stocks aren't facing enough headwinds today (I, II), Credit Suisse downgrades Barrick Gold (ABX -6.4%) to Neutral from Outperform with a $20 target, saying ABX needs to provide clarity on the path for Pascua and for handling asset sales and its financial leverage. Also downgraded to Neutral at CS: Silver Wheaton (SLW -5.3%), Pan American Silver (PAAS -1.9%).
    | 9 Comments
  • Jun. 24, 2013, 8:06 AM
    Miners are mashed premarket as Goldman Sachs cuts its forecasts for gold and silver (I, II) and Chinese stocks melt down on increasing fears of a liquidity crunch there: GOLD -4.8%, AUMN -3%, MT -2.9%, RIO -2.7%, BHP -2.4%, FCX -2.3%, AU -2.2%, GDX -2%, GG -2%, SLW -1.9%, AUY -1.8%, ABX -1.6%, NEM -1%.
    | 8 Comments
  • Jun. 20, 2013, 10:40 AM
    On a disastrous day for mining stocks, Newmont Mining (NEM -4.2%) also is downgraded to Market Perform at Cowen. It's not a stinging rebuke, as the firm sees shares as fully valued while remaining positive on NEM's prospects and ability to pay dividends. But it's enough to send NEM to fresh 52-week lows, along with: AUY -7.1%, ABX -6.5%, ANV -6.3%, GG -5.6%, SLW -5.5%, GOLD -5.1%, EGO -5%, VALE -4.7%, RIO -4.6%, BHP -3.6%, AU -3.3%, GFI -3.3%, PAAS -2.5%, HMY -1.9%, BVN -1.8%.
    | 6 Comments
  • Jun. 20, 2013, 7:45 AM
    Miners gapping down premarket (GDX -4.5%; SIL -3.3%) after weak factory data from China and Fed-induced downbeat sentiment: AG -8.2%, AUY -7.2%, GFI -6.5%, SLW -6.3%, GG -6.1%, MUX -5.9%, SSRI -5.9%, AU -5.7%, KGC -5.6%, RIO -5.3%, GOLD -4.9%, PAAS -4.9%, ABX -4.7%, IAG -4.5%, NEM -3.8%, BHP -3.5%, MT -2.7%, EGO -2.3%, VALE -2%. (earlier)
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  • Jun. 7, 2013, 2:09 PM
    Gold miners large (GDX -4.1%) and small (GDXJ -5.3%) alike are suffering a beat-down after jobs data from both the U.S. and Canada beat estimates; gold's gains for the week are entirely erased, and the metal "could melt even faster" if the global recovery continues. ABX -4.2%, AEM -6.7%, NEM -2.8%, GG -4.5%, AU -5.5%, EGO -5%, KGC -5.3%. SLW -2.8%, SSRI -7.3%, EXK -5.9%. GLD -2%, SLV -4.1%.
    | 39 Comments
  • May. 24, 2013, 12:42 PM
    Silver Wheaton (SLW +0.9%) also is halted on news that Chile fined Barrick Gold (ABX) and stopped construction on the Pascua-Lama mine. In addition to being a key growth asset for ABX, Pascua-Lama significantly increases SLW's long-term growth profile, Briefing.com says; SLW's 25% share of the estimated average annual silver production for the project's first full five years is 9M oz.
    | 3 Comments
  • May. 20, 2013, 12:57 PM
    As precious metals prices turn around, share prices of gold (GDX +4.7%) and silver miners (SIL +3.1%) surge: ABX +5.9%, GG +4.5%, KGC +6.4%, NEM +4.7%, SLW +4%. Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases: AU -0.8%, GFI +1.5%, HMY -0.5%.
    | 2 Comments
  • May. 13, 2013, 3:47 PM
    Silver Wheaton (SLW) declares $0.12/share quarterly dividend (20% of average cash generated by operating activities for trailing two quarters). For shareholders of record May 23. Payable May 31. Ex-div date May 21. (PR)
     
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  • May. 13, 2013, 3:47 PM
    Silver Wheaton (SLW) declares $0.12/share quarterly dividend (20% of average cash generated by operating activities for trailing two quarters). For shareholders of record May 23. Payable May 31. Ex-div date May 21. (PR)
     
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  • May. 13, 2013, 9:44 AM
    Silver Wheaton (SLW -2.9%) opens lower after its Q1 earnings fell to $0.38/share from $0.42, though revenue improved. Says it remains on track to meet its 2013 production forecast of 33.5M silver equivalent oz., up 13% Y/Y. Amends its dividend policy, declaring a Q2 dividend of $0.12/share after paying $0.14 last quarter.
    | 1 Comment
  • May. 10, 2013, 6:04 PM
    Silver Wheaton (SLW): Q1 EPS of $0.38 misses by $0.02. Revenue of $205.8M misses by $46.66M. (PR)
    | 14 Comments
  • May. 10, 2013, 12:23 PM
    The mini-recovery in gold and metals mining stocks is stopped as gold prices sink 3% today to ~$1,425/oz. after closing higher in each of the past two weeks. A breach of key chart levels is prompting heavy selling of gold futures, already under pressure from a stronger dollar and rising stock markets. Among big miners: ABX -3%, NEM -2.1%, GG -1.6%, KGC -3.8%, SLW -2.7%, FCX -1.8%.
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Company Description
Silver Wheaton Corp is a mining company engaged in sale of silver and gold.
Industry: Silver
Country: Canada