Silver Wheaton Corp. (SLW) Stock Price Down 5%
Silver Wheaton Corp. (NYSE:SLW)’s share price dropped 5% during mid-day trading on Wednesday . The stock traded as low as $26.91 and last traded at $27.06, with a volume of 4,977,966 shares changing hands. The stock had previously closed at $28.49.
SLW has been the topic of a number of recent analyst reports. TD Securities restated a “buy” rating and set a $36.00 target price (up previously 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 previously from $40.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. Vetr upgraded Silver Wheaton Corp. from a “sell” rating to a “hold” rating and set a $18.77 target price on the stock in a report on Wednesday, May 4th. Finally, RBC Capital Markets restated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.77.
The stock’s market cap is $11.75 billion. The stock’s 50 day moving average price is $27.82 and its 200 day moving average price is $20.81.
Silver Wheaton Corp. (NYSE:SLW) last released its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The company earned $212 million during the quarter, compared to the consensus estimate of $198.91 million. The company’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, equities research analysts expect 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 given a $0.05 dividend. The ex-dividend date is Monday, August 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%.
A hedge fund recently bought a new stake in Silver Wheaton Corp. stock. Trexquant Investment LP purchased a new position in shares of Silver Wheaton Corp. (NYSE:SLW) during the fourth quarter, according to its most recent Form 13F 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.