Silver Wheaton Rises On Unusually High Volume (SLW)
Silver Wheaton Corporation (NYSE:SLW) is trading at unusually high volume Thursday with 8.8 million shares changing hands. It is currently at two times its average daily volume and trading up 97 cents (+4.4%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Silver Wheaton Corporation (NYSE: SLW) is trading at unusually high volume Thursday with 8.8 million shares changing hands. It is currently at two times its average daily volume and trading up 97 cents (+4.4%) at $23 as of 3:07 p.m. ET.
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Silver Wheaton has a market cap of $8.39 billion and is part of the basic materials sector and metals & mining industry. Shares are down 38.9% year to date as of the close of trading on Wednesday. Silver Wheaton Corp., together with its subsidiaries, operates as silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Silver Wheaton as a buy. 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Silver Wheaton Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.