Silver Wheaton (SLW) Stock Rising with Silver Prices
NEW YORK (TheStreet) -- Shares of Silver Wheaton (SLW) are up 3.54% to $26.29 this afternoon as silver makes gains in the late afternoon market.
Silver for September delivery is up 1.31% to $20.44 per ounce on the COMEX.
Gold for August delivery is also up this afternoon, gaining 0.67% to $1,344.20 per ounce.
Precious metals had been falling in the last few sessions but today began rebounding on a weaker dollar. Silver is now approaching a nearly two-year settlement high.
Silver Wheaton is a Vancouver-based mining company, selling both silver and gold.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
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 solid stock price performance.
However, TheStreet Ratings also finds weaknesses including disappointing return on equity and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: SLW
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.