Silver Wheaton Corp. (NYSE:SLW) has been given a consensus rating of “Buy” by the sixteen brokerages that are currently covering the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.78.
SLW has been the subject of several recent analyst reports. Zacks Investment Research lowered Silver Wheaton Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Credit Suisse Group AG upgraded Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Thursday, June 30th. HSBC reiterated a “buy” rating on shares of Silver Wheaton Corp. in a research note on Thursday, July 7th. Standpoint Research lowered Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Finally, RBC Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a research note on Thursday, August 4th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Silver Wheaton Corp. during the fourth quarter worth approximately $37,883,000. Commonwealth Equity Services Inc boosted its position in Silver Wheaton Corp. by 15.2% in the first quarter. Commonwealth Equity Services Inc now owns 103,062 shares of the mining company’s stock worth $1,709,000 after buying an additional 13,629 shares during the period. Aperio Group LLC boosted its position in Silver Wheaton Corp. by 35.2% in the first quarter. Aperio Group LLC now owns 257,441 shares of the mining company’s stock worth $4,268,000 after buying an additional 67,065 shares during the period. Virginia Retirement System purchased a new position in Silver Wheaton Corp. during the first quarter worth approximately $3,622,000. Finally, IFP Advisors Inc boosted its position in Silver Wheaton Corp. by 3.4% in the first quarter. IFP Advisors Inc now owns 7,791 shares of the mining company’s stock worth $129,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 50.86% of the company’s stock.
Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 27.03 on Tuesday. The stock’s market capitalization is $11.90 billion. Silver Wheaton Corp. has a one year low of $10.04 and a one year high of $31.35. The stock has a 50 day moving average price of $27.89 and a 200 day moving average price of $22.89.
Silver Wheaton Corp. (NYSE:SLW) last announced its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Silver Wheaton Corp. had a positive return on equity of 4.77% and a negative net margin of 21.75%. The firm earned $212 million during the quarter, compared to analyst estimates of $198.91 million. During the same quarter in the previous year, the business earned $0.13 EPS. Silver Wheaton Corp.’s revenue for the quarter was up 29.3% compared to the same quarter last year. Equities analysts forecast that Silver Wheaton Corp. will post $0.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 24th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, August 22nd. Silver Wheaton Corp.’s dividend payout ratio is presently -47.62%.
About Silver Wheaton Corp.
Silver Wheaton Corp. (Silver Wheaton) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. It has entered into over 19 long-term purchase agreements and approximately two early deposit long-term purchase agreement associated with silver and gold, relating to over 30 different mining assets, whereby Silver Wheaton acquires silver and gold production at various mines.
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