Silver Wheaton Corp. (SLW) Shares Gap Up to $26.24
Silver Wheaton Corp. (NYSE:SLW)’s share price gapped up before the market opened 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 trading hands.
Several equities analysts have weighed in on SLW shares. TD Securities restated a “buy” rating and set a $36.00 target price (up from $34.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. Royal Bank Of Canada restated an “outperform” rating and set a $27.00 target price on shares of Silver Wheaton Corp. in a report on Tuesday, May 17th. Credit Suisse Group AG restated an “outperform” rating and set a $42.00 target price (up from $40.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. RBC Capital Markets restated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Thursday, August 4th. Finally, Vetr upgraded Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, May 30th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.42.
The firm’s 50 day moving average price is $27.91 and its 200-day moving average price is $21.26. The company’s market cap is $12.08 billion.
Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business 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% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. On average, analysts predict that Silver Wheaton Corp. will post $0.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 22nd. This represents a $0.20 annualized dividend and a yield of 0.73%.
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 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 as of its most recent filing with the SEC.
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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