Silver Wheaton Corp. (NYSE:SLW)‘s stock had its “outperform” rating reissued by investment analysts at RBC Capital Markets in a note issued to investors on Sunday.
A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank AG assumed coverage on Silver Wheaton Corp. in a research note on Friday, September 9th. They set a “buy” rating and a $37.00 price objective on the stock. Zacks Investment Research cut Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 8th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Silver Wheaton Corp. in a research note on Monday, August 15th. TD Securities reiterated a “buy” rating and set a $36.00 price objective (up previously from $34.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a $42.00 price objective (up previously from $40.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $28.15.
Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 27.03 on Friday. The firm’s market cap is $11.90 billion. The firm’s 50-day moving average is $27.89 and its 200-day moving average is $22.89. Silver Wheaton Corp. has a 1-year low of $10.04 and a 1-year high of $31.35.
Silver Wheaton Corp. (NYSE:SLW) last announced its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Silver Wheaton Corp. had a positive return on equity of 4.77% and a negative net margin of 21.75%. The company had revenue of $212 million for the quarter, compared to analysts’ expectations of $198.91 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was up 29.3% compared to the same quarter last year. On average, analysts anticipate that Silver Wheaton Corp. will post $0.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 24th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, August 22nd. Silver Wheaton Corp.’s dividend payout ratio (DPR) is currently -47.62%.
Several hedge funds have recently added to or reduced their stakes in SLW. Iowa State Bank acquired a new stake in Silver Wheaton Corp. during the second quarter valued at $141,000. Integrated Investment Consultants LLC acquired a new stake in Silver Wheaton Corp. during the second quarter valued at $177,000. IFP Advisors Inc raised its stake 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 valued at $129,000 after buying an additional 257 shares during the period. Prospera Financial Services Inc acquired a new stake in Silver Wheaton Corp. during the second quarter valued at $202,000. Finally, Brookfield Asset Management Inc. acquired a new stake in Silver Wheaton Corp. during the first quarter valued at $151,000. 50.86% of the stock is currently owned by institutional investors.
Silver Wheaton Corp. Company Profile
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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