Silver Wheaton Corp. (SLW) Shares Up 3.9%
Silver Wheaton Corp. (NYSE:SLW) shares shot up 3.9% during trading on Thursday . The stock traded as high as $26.33 and last traded at $26.32, with a volume of 4,765,912 shares. The stock had previously closed at $25.33.
A number of research firms recently issued reports on SLW. Vetr upgraded shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, May 30th. Standpoint Research lowered shares of Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. BMO Capital Markets upgraded shares of Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Zacks Investment Research upgraded shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Saturday, August 13th. Finally, Goldman Sachs Group Inc. raised their target price on shares of 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 equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.77.
The company has a 50-day moving average price of $27.88 and a 200-day moving average price of $21.18. The firm’s market capitalization is $11.55 billion.
Silver Wheaton Corp. (NYSE:SLW) last issued its earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.14. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm had revenue of $212 million for the quarter, compared to analyst estimates of $198.91 million. Silver Wheaton Corp.’s quarterly revenue was up 29.3% on a year-over-year basis. On average, analysts anticipate that Silver Wheaton Corp. will post $0.72 earnings per share for the current fiscal year.
The company 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 dividend of $0.05 per share. The ex-dividend date is Monday, August 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%.
A hedge fund recently raised its stake in Silver Wheaton Corp. stock. Ameriprise Financial Inc. boosted its position in Silver Wheaton Corp. (NYSE:SLW) by 133.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,001 shares of the mining company’s stock after buying an additional 103,544 shares during the period. Ameriprise Financial Inc.’s holdings in Silver Wheaton Corp. were worth $2,248,000 as of its most recent SEC filing.
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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