Silver Wheaton Now Covered by Goldman Sachs Group Inc. (SLW)
Analysts at Goldman Sachs Group Inc. began coverage on shares of Silver Wheaton (NYSE:SLW) in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. The firm set a “buy” rating on the stock.
Silver Wheaton (NYSE:SLW) opened at 26.41 on Friday. Silver Wheaton has a one year low of $17.75 and a one year high of $41.30. The stock has a 50-day moving average of $25.24 and a 200-day moving average of $24.71. The company has a market cap of $9.373 billion and a P/E ratio of 18.73.
Silver Wheaton (NYSE:SLW) last announced its earnings results on Wednesday, August 14th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.05. The company had revenue of $166.90 million for the quarter, compared to the consensus estimate of $188.81 million. During the same quarter last year, the company posted $0.40 earnings per share. Silver Wheaton’s revenue was down 17.1% compared to the same quarter last year. Analysts expect that Silver Wheaton will post $1.10 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Silver Wheaton (NYSE:SLW) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $27.00 price target on the stock. Separately, analysts at Standpoint Research downgraded shares of Silver Wheaton (NYSE:SLW) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 16th. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton (NYSE:SLW) in a research note to investors on Thursday, August 15th. They now have a $31.50 price target on the stock, up previously from $25.00.
Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $35.75.
Silver Wheaton Corp. (NYSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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