September 27, 2006
SpeculatingStocks.com Stock Pick: Silver Wheaton Corp. (SLW)
Stock Price: $9.55 (short-term strong buy)
Silver Wheaton is the only public mining company with 100% of its revenue from silver production. The Company expects to have annual silver sales of approximately 15 million ounces in 2006, increasing to 20 million ounces by 2009 and thereafter. Silver Wheaton is unhedged and well positioned for further growth.
SLW is clearly a silver play and a very well-known one. SLW is working off of a recent bottom below $9.00.
We believe SLW has momentum on its side and will be able to keep working higher. SLW is highly profitable and has such a clean balance sheet.
SLW is unhedged. This means when silver prices move higher or lower, SLW experiences the full brunt of those gains or losses.
SpeculatingStocks.com Target Price: We expect SLW to reach $13.00 within the next 1 - 2 months.