Silver Wheaton Corp. (SLW) Shares Gap Down to $26.24
Silver Wheaton Corp. (NYSE:SLW) shares gapped down before the market opened on Monday . The stock had previously closed at $26.01, but opened at $26.24. Silver Wheaton Corp. shares last traded at $27.44, with a volume of 7,447,400 shares.
SLW has been the topic of a number of research reports. Credit Suisse Group AG upped their price target on Silver Wheaton Corp. from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. RBC Capital Markets reaffirmed an “outperform” rating on shares of Silver Wheaton Corp. in a research note on Thursday, August 4th. Zacks Investment Research downgraded Silver Wheaton Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. upped their price target on Silver Wheaton Corp. from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, BMO Capital Markets raised Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Silver Wheaton Corp. presently has a consensus rating of “Buy” and a consensus target price of $27.42.
The stock’s market cap is $12.08 billion. The company’s 50-day moving average is $27.91 and its 200-day moving average is $21.26.
Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company earned $212 million during the quarter, compared to analysts’ expectations of $198.91 million. The business’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. Analysts expect that Silver Wheaton Corp. will post $0.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be issued a $0.05 dividend. The ex-dividend date of this dividend 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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