Silver Wheaton Corp. (SLW) Shares Up 1.9%
Silver Wheaton Corp. (NYSE:SLW) shares shot up 1.9% during trading on Thursday . The stock traded as high as $27.14 and last traded at $26.70, with a volume of 7,843,939 shares. The stock had previously closed at $26.19.
Several brokerages have recently commented on SLW. JPMorgan Chase & Co. restated a “hold” rating and set a $23.00 price target (up previously from $22.00) on shares of Silver Wheaton Corp. in a research note on Monday, August 15th. TD Securities restated a “buy” rating and set a $36.00 price target (up previously from $34.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Credit Suisse Group AG restated an “outperform” rating and set a $42.00 price target (up previously from $40.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Canaccord Genuity restated a “buy” rating and set a $45.00 price target (up previously from $44.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Finally, Zacks Investment Research upgraded shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Saturday, August 13th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $26.77.
The company has a 50-day moving average price of $27.82 and a 200-day moving average price of $20.81. The firm’s market capitalization is $11.75 billion.
Silver Wheaton Corp. (NYSE:SLW) last posted its earnings results on Wednesday, August 10th. The mining company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company earned $212 million during the quarter, compared to the consensus estimate of $198.91 million. During the same period last year, the company posted $0.13 EPS. The firm’s revenue was up 29.3% compared to the same quarter last year. On average, analysts anticipate that Silver Wheaton Corp. will post $0.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 24th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%.
An institutional investor recently bought a new position in Silver Wheaton Corp. stock. Trexquant Investment LP bought a new position in Silver Wheaton Corp. (NYSE:SLW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 90,600 shares of the mining company’s stock, valued at approximately $1,125,000.
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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