Silver Wheaton (SLW) Stock Jumps on Higher Silver Prices

Silver Wheaton (SLW) stock is advancing on Friday morning as silver prices surpassed the $19 per ounce level today for the first time since September 2014.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Silver Wheaton (SLW) are gaining 4.84% to $24.67 late Friday morning as silver prices rally.

For September delivery, silver is spiking 4.49% to $19.46 per ounce on the COMEX this morning.

Strength in gold has benefitted silver, which surpassed the $19 per ounce level today for the first time since September 2014, Reuters reports.

Silver prices are getting a boost from a weaker dollar today, which makes the metal less expensive to foreign currency holders.

For August delivery, gold is up 1.36% to $1,338.60 per ounce on the COMEX late Friday morning.

Silver Wheaton is a Vancouver-based mining company engaged in the sale of silver and gold.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations.

But the team also finds weaknesses including disappointing return on equity and feeble growth in the company's earnings per share.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SLW

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