Silver Wheaton Stock Rating Reaffirmed by TheStreet (SLW)
TheStreet reiterated their buy rating on shares of Silver Wheaton (NYSE: SLW) in a research report sent to investors on Monday morning, StocKRatingsNetwork.com reports.
“Silver Wheaton Corporation (SLW) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
,” TheStreet’s analyst commented.
Several other analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of Silver Wheaton from $40.00 to $37.00 in a research note to investors on Tuesday, April 30th. They now have a buy rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Silver Wheaton from $44.00 to $38.00 in a research note to investors on Friday, April 26th. They now have an outperform rating on the stock. Finally, analysts at Macquarie downgraded shares of Silver Wheaton from an outperform rating to a neutral rating in a research note to investors on Thursday, April 25th.
Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Silver Wheaton presently has a consensus rating of Buy and an average price target of $39.17.
Silver Wheaton (NYSE: SLW) opened at 23.40 on Monday. Silver Wheaton has a 52-week low of $21.79 and a 52-week high of $41.30. The stock’s 50-day moving average is currently $25.87. The company has a market cap of $8.293 billion and a price-to-earnings ratio of 14.53.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 31st. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, May 21st.
Silver Wheaton Corp. (NYSE: SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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