Silver Wheaton Corp. (SLW) Stock Price Down 2.3%
Silver Wheaton Corp. (NYSE:SLW) shares fell 2.3% during trading on Tuesday . The stock traded as low as $26.08 and last traded at $26.19, with a volume of 2,444,276 shares traded. The stock had previously closed at $26.82.
Several research firms have recently commented on SLW. Goldman Sachs Group Inc. boosted their price target on Silver Wheaton Corp. from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research raised Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Saturday, August 13th. Canaccord Genuity reissued a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of Silver Wheaton Corp. in a research report on Saturday, August 13th. Credit Suisse Group AG reissued an “outperform” rating and issued a $42.00 price target (up from $40.00) on shares of Silver Wheaton Corp. in a research report on Saturday, August 13th. Finally, TD Securities reaffirmed a “buy” rating and set a $36.00 target price (up from $34.00) on shares of Silver Wheaton Corp. in a research report on Saturday, August 13th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Silver Wheaton Corp. presently has a consensus rating of “Buy” and an average target price of $26.77.
The company’s market cap is $11.27 billion. The company has a 50 day moving average price of $27.90 and a 200 day moving average price of $21.07.
Silver Wheaton Corp. (NYSE:SLW) last released its earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. During the same quarter last year, the business posted $0.13 earnings per share. The company earned $212 million during the quarter, compared to analysts’ expectations of $198.91 million. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. Analysts expect that Silver Wheaton Corp. will post $0.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Wednesday, August 24th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%.
A hedge fund recently bought a new stake in Silver Wheaton Corp. stock. Trexquant Investment LP bought a new position in shares of Silver Wheaton Corp. (NYSE:SLW) during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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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