Silver Wheaton Corp. (SLW) Trading 3.9% Higher
Silver Wheaton Corp. (NYSE:SLW) shares traded up 3.9% on Thursday . The company traded as high as $26.33 and last traded at $26.32, with a volume of 4,765,912 shares trading hands. The stock had previously closed at $25.33.
A number of research analysts recently weighed in on the stock. Goldman Sachs Group Inc. raised their price target 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. Zacks Investment Research raised shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Saturday, August 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $42.00 price target (up from $40.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Finally, TD Securities reaffirmed a “buy” rating and issued a $36.00 price target (up from $34.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.42.
The stock has a 50 day moving average price of $27.91 and a 200 day moving average price of $21.26. The stock’s market capitalization is $12.08 billion.
Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $212 million for the quarter, compared to analyst estimates of $198.91 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Analysts forecast that Silver Wheaton Corp. will post $0.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 22nd. This represents a $0.20 annualized dividend and a yield of 0.73%.
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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