Deutsche Bank Initiates Coverage of Silver Wheaton

Citing a strong balance sheet and a large portfolio of diverse gold and silver streaming assets worldwide, Deutsche Bank has initiated coverage of Silver Wheaton with a Buy rating.

from The Gold Report

“We like the overall business model and believe the company is well positioned through the cycle,” research analysts Jorge Beristain and Chris Terry write in a Sept. 9 research report on Silver Wheaton Corp. (SLW:TSX; SLW:NYSE). “Silver Wheaton has a diverse asset base, proven management team and has access to long-term precious metals streams.”

The analysts make note of the company’s large portfolio, which includes 22 precious metals assets and includes streams from San Dimas (Primero Mining [P:TSX; PPP:NYSE]) and Salobo (Vale S.A. [VALE:NYSE]). In addition, the company has “a further 8 development projects in the portfolio.” Silver Wheaton lists the San Dimas, Peñasquito and Salobo mines, among others, as “cornerstone assets.”

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