Shares of Silver Wheaton Corp. (NYSE:SLW) have earned a consensus rating of “Buy” from the sixteen brokerages that are presently covering the company. Four analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $30.78.
A number of research firms have recently commented on SLW. Zacks Investment Research upgraded Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Saturday, August 13th. Standpoint Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Goldman Sachs Group Inc. upped their price objective on Silver Wheaton Corp. from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Deutsche Bank AG began coverage on Silver Wheaton Corp. in a report on Friday, September 9th. They set a “buy” rating and a $37.00 price objective for the company. Finally, RBC Capital Markets restated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Thursday, August 4th.
Institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of 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 bought a new position in shares of Silver Wheaton Corp. during the second quarter valued at approximately $141,000. Brookfield Asset Management Inc. bought a new position in shares of Silver Wheaton Corp. during the first quarter valued at approximately $151,000. Integrated Investment Consultants LLC bought a new position in shares of Silver Wheaton Corp. during the second quarter valued at approximately $177,000. Finally, Prospera Financial Services Inc bought a new position in shares of Silver Wheaton Corp. during the second quarter valued at approximately $202,000. 50.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 27.65 on Tuesday. The firm’s 50-day moving average price is $28.00 and its 200-day moving average price is $22.81. The stock’s market capitalization is $12.17 billion. 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 released its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The business earned $212 million during the quarter, compared to the consensus estimate of $198.91 million. Silver Wheaton Corp. had a positive return on equity of 4.77% and a negative net margin of 21.75%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Equities research analysts anticipate that Silver Wheaton Corp. will post $0.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 24th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. Silver Wheaton Corp.’s payout ratio is -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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