Silver Wheaton Corp. (SLW) Sees Strong Trading Volume
Silver Wheaton Corp. (NYSE:SLW) shares saw an uptick in trading volume on Monday . 5,380,263 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 5,593,370 shares.The stock last traded at $28.58 and had previously closed at $29.26.
A number of research firms have weighed in on SLW. Vetr upgraded Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, May 30th. Standpoint Research cut Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. BMO Capital Markets upgraded Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Zacks Investment Research upgraded 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. Finally, Goldman Sachs Group Inc. raised their price target on Silver Wheaton Corp. from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.77.
The firm’s market cap is $12.70 billion. The firm’s 50 day moving average price is $27.73 and its 200 day moving average price is $20.62.
Silver Wheaton Corp. (NYSE:SLW) last posted its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The firm earned $212 million during the quarter, compared to analysts’ expectations of $198.91 million. During the same period in the previous year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 29.3% on a year-over-year basis. On average, equities research analysts forecast that Silver Wheaton Corp. will post $0.73 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.69%.
An institutional investor recently bought a new position in Silver Wheaton Corp. stock. Trexquant Investment LP purchased a new stake in Silver Wheaton Corp. (NYSE:SLW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.