Silver Wheaton Corp. (SLW) Trading 1.9% Higher
Silver Wheaton Corp. (NYSE:SLW)’s share price traded up 1.9% during mid-day trading on Thursday . The stock traded as high as $27.14 and last traded at $26.70, with a volume of 7,843,939 shares trading hands. The stock had previously closed at $26.19.
Several equities analysts have issued reports on the company. Zacks Investment Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Vetr upgraded 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 Tuesday, May 10th. Goldman Sachs Group Inc. lifted their price objective on Silver Wheaton Corp. from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Standpoint Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Finally, Credit Suisse Group AG upgraded 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 issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $26.77.
The firm’s market capitalization is $11.69 billion. The stock’s 50-day moving average price is $27.87 and its 200-day moving average price is $20.89.
Silver Wheaton Corp. (NYSE:SLW) last released its earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share 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. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. Equities analysts predict that Silver Wheaton Corp. will post $0.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.75%. 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 bought a new stake in Silver Wheaton Corp. (NYSE:SLW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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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