Silver Wheaton Corp. (NYSE:SLW) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday, The Fly reports.
SLW has been the subject of a number of other reports. Zacks Investment Research lowered shares of Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. raised their target price on shares of Silver Wheaton Corp. from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 5th. Standpoint Research lowered shares of Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Credit Suisse Group AG raised shares of Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Thursday, June 30th. Finally, RBC Capital Markets reissued an “outperform” rating on shares of Silver Wheaton Corp. in a report on Sunday, October 2nd. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Silver Wheaton Corp. has an average rating of “Buy” and an average price target of $30.45.
Silver Wheaton Corp. (NYSE:SLW) opened at 23.05 on Thursday. The company’s market capitalization is $10.15 billion. The firm has a 50-day moving average of $26.39 and a 200 day moving average of $23.22. Silver Wheaton Corp. has a one year low of $10.04 and a one 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, meeting analysts’ consensus estimates of $0.14. Silver Wheaton Corp. had a negative net margin of 21.75% and a positive return on equity of 4.77%. The business earned $212 million during the quarter, compared to analyst estimates of $198.91 million. During the same period last year, the firm posted $0.13 EPS. The company’s revenue was up 29.3% on a year-over-year basis. Equities research analysts predict that Silver Wheaton Corp. will post $0.72 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased 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 last quarter. Iowa State Bank purchased a new stake in Silver Wheaton Corp. during the second quarter valued at $141,000. Brookfield Asset Management Inc. purchased a new stake in Silver Wheaton Corp. during the first quarter valued at $151,000. Integrated Investment Consultants LLC purchased a new stake in Silver Wheaton Corp. during the second quarter valued at $177,000. Finally, Prospera Financial Services Inc purchased a new stake in Silver Wheaton Corp. during the second quarter valued at $202,000. Hedge funds and other institutional investors own 50.86% of the company’s stock.
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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