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Actionable news in SLW: SILVER WHEATON CORP,

JPMorgan Previews Precious Metals Q1 Earnings, Downgrades Agnico, Silver Wheaton

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Shares of Agnico Eagle Mines Ltd (USA) AEM 0.89% have gained 44 percent since January 19, while Silver Wheaton Corp. (USA) SLW 0.7% share have jumped 52 percent. JPMorgan’s John Bridges downgraded the ratings for both the companies from Overweight to Neutral.

Analyst John Bridges considers both the stocks as “fairly valued,” taking gold price at $1,250/oz. He said, “We continue to feel that gold as an asset class makes sense given the uncertain global financial picture; however, after a...