Silver Wheaton Corp. (SLW) Trading Down 5%
Silver Wheaton Corp. (NYSE:SLW) shares were down 5% on Wednesday . The stock traded as low as $26.91 and last traded at $27.06, with a volume of 4,977,966 shares traded. The stock had previously closed at $28.49.
Several research analysts recently weighed in on SLW shares. Vetr upgraded shares of Silver Wheaton Corp. from a “sell” rating to a “hold” rating and set a $18.77 price objective for the company in a research report on Wednesday, May 4th. BMO Capital Markets upgraded shares of Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $27.00 price objective on shares of Silver Wheaton Corp. in a research report on Tuesday, May 17th. Zacks Investment Research cut shares of Silver Wheaton Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG upgraded shares of Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Silver Wheaton Corp. currently has an average rating of “Buy” and a consensus target price of $26.77.
The company’s market capitalization is $11.53 billion. The firm has a 50-day moving average price of $27.75 and a 200 day moving average price of $20.72.
Silver Wheaton Corp. (NYSE:SLW) last posted its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. During the same period last year, the firm posted $0.13 earnings per share. The company earned $212 million during the quarter, compared to the consensus estimate of $198.91 million. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, equities research analysts predict that Silver Wheaton Corp. will post $0.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, August 22nd.
An institutional investor recently bought a new position in Silver Wheaton Corp. stock. Trexquant Investment LP purchased a new stake in shares of Silver Wheaton Corp. (NYSE:SLW) during the fourth quarter, according to its most recent filing with the 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.
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