Will Silver Wheaton (SLW) Stock Fall on Lower Silver Prices?

NEW YORK (TheStreet) -- Shares of Silver Wheaton (SLW) were advancing in early-afternoon trading on Thursday even as silver prices declined.

Silver for December delivery was down 0.31% to $18.63 per ounce on the COMEX this afternoon as gold for December delivery dropped 0.34% to $1,325.20 per ounce.

The commodity metals were trading near one-month lows as speculation grew that an interest-rate increase could be imminent, MarketWatch reports.

On Friday, Federal Reserve Chairwoman Janet Yellen will deliver a speech during the annual Economic Policy Symposium in Jackson Hole, WY. Her comments at the summit could indicate future monetary policy.

Additionally, precious metal prices fell following an unanticipated drop in U.S. jobless claims last week. Jobless claims have remained below 300,000 for 77 straight weeks.

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

Separately, 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.

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 expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

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


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