Taking a Fresh Look at Silver Wheaton Corp. (SLW)

Silver Wheaton Corp. (SLW) is an interesting player in the Basic Materials space, with a focus on Silver. The stock has been active on the tape, currently trading at $19.26, down from yesterday’s close by -0.93%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. Silver Wheaton Corp. (SLW) currently trades with a market capitalization of $8.49 Billion. That value represents a market adjusting for revenues that have been growing by 52.17 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For SLW, the company currently has $165 Million of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $-1.52 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.17 on a per share basis this quarter. Perhaps, that suggests something about why 0.00% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Silver Wheaton Corp. recorded a 52-week high of $31.20. It is now trading 11.94% off that level. The stock is trading $20.73 its 50-day moving average by 1.47%. The stock carved out a 52-week low down at $15.58.

In recent action, Silver Wheaton Corp. (SLW) has made a move of -13.28% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 3.46, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.48% with $440.37 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SLW.

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