Silver Wheaton Corp. (SLW) Shares Gap Up to $26.24
Silver Wheaton Corp. (NYSE:SLW) shares gapped up prior to trading on Friday . The stock had previously closed at $26.01, but opened at $26.24. Silver Wheaton Corp. shares last traded at $27.26, with a volume of 4,565,660 shares traded.
SLW has been the topic of several recent analyst reports. TD Securities reiterated a “buy” rating and issued a $36.00 price target (up previously from $34.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $27.00 price target on shares of Silver Wheaton Corp. in a research note on Tuesday, May 17th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $42.00 price target (up previously from $40.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. RBC Capital Markets reissued an “outperform” rating on shares of Silver Wheaton Corp. in a report on Thursday, August 4th. Finally, Vetr raised Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Monday, May 30th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.42.
The stock has a 50-day moving average of $27.91 and a 200 day moving average of $21.26. The firm’s market capitalization is $12.08 billion.
Silver Wheaton Corp. (NYSE:SLW) last released its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm had revenue of $212 million for the quarter, compared to the consensus estimate of $198.91 million. During the same quarter last year, the company earned $0.13 earnings per share. The firm’s revenue was up 29.3% on a year-over-year basis. Analysts anticipate that Silver Wheaton Corp. will post $0.72 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Monday, August 22nd.
A hedge fund recently raised its stake in Silver Wheaton Corp. stock. Baird Financial Group Inc. boosted its position in shares of Silver Wheaton Corp. (NYSE:SLW) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 229,534 shares of the mining company’s stock after buying an additional 60,165 shares during the period. Baird Financial Group Inc. owned approximately 0.06% of Silver Wheaton Corp. worth $2,851,000 at the end of the most recent reporting period.
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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