Silver Wheaton Corp. (SLW) Shares Down 2.3%
Shares of Silver Wheaton Corp. (NYSE:SLW) traded down 2.3% on Tuesday . The stock traded as low as $26.08 and last traded at $26.19, with a volume of 2,444,276 shares trading hands. The stock had previously closed at $26.82.
Several analysts have recently weighed in on the stock. Vetr upgraded shares of Silver Wheaton Corp. from a “sell” rating to a “hold” rating and set a $18.77 target price on the stock in a research report on Wednesday, May 4th. Zacks Investment Research upgraded shares of Silver Wheaton Corp. from a “sell” rating to a “hold” rating and set a $29.00 target price on the stock in a research report on Wednesday, July 13th. TD Securities reiterated a “buy” rating and set a $34.00 target price (up from $28.00) on shares of Silver Wheaton Corp. in a research report on Thursday, August 4th. Canaccord Genuity reissued a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. Finally, HSBC reissued a “buy” rating on shares of Silver Wheaton Corp. in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $26.77.
The firm has a 50 day moving average price of $27.88 and a 200-day moving average price of $21.18. The firm’s market capitalization is $11.50 billion.
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. The company had revenue of $212 million for the quarter, compared to the consensus estimate of $198.91 million. The company’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, analysts predict that Silver Wheaton Corp. will post $0.72 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 24th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, August 22nd.
A hedge fund recently raised its stake in Silver Wheaton Corp. stock. Ameriprise Financial Inc. increased its stake in shares of Silver Wheaton Corp. (NYSE:SLW) by 133.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 181,001 shares of the mining company’s stock after buying an additional 103,544 shares during the period. Ameriprise Financial Inc.’s holdings in Silver Wheaton Corp. were worth $2,248,000 as of its most recent SEC filing.
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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