gwr, the upgrade on SLW a few days ago by UBS supports your claim. A great sign IMO.
VANCOUVER - Investment firm UBS upgraded its rating on Silver Wheaton Corp. (TSX:SLW) on Monday after an announcement last week by Goldcorp Inc. (TSX:G) that it would sell its remaining 48 per cent stake in the silver company for more than $1.5 billion. UBS analyst Tony Lesiak upgraded his rating to a "buy" from a "neutral" rating and raised his price target from US$18 to US$19 because what he called the Goldcorp "overhang" was removed.
"We view the transaction as positive to SLW as it will increase the trading liquidity, making it a more attractive leveraged silver option for investors," Lesiak wrote in a note to clients.
Silver Wheaton shares were down 27 cents at $15 in trading on the Toronto Stock Exchange.
Last week, Goldcorp announced a to sell its remaining stake in Silver Wheaton (TSX:SLW) in a secondary offering of 108 million shares worth $1.57 billion or $14.50 per share.
The gold producer said it would use the money to help fund capital spending including the completion of its Penasquito, Eleonore and Cerro Blanco projects.