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Silver Wheaton (NYSE:SLW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, Analyst RN reports. They currently have a $20.80 target price on the stock. Zacks‘ target price would indicate a potential downside of 5.11% from the company’s current price.

Silver Wheaton (NYSE:SLW) last released its earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $166.40 million for the quarter, compared to the consensus estimate of $186.60 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Silver Wheaton from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday, December 2nd. They now have a $30.00 price target on the stock, down previously from $35.50. Finally, analysts at RBC Capital cut their price target on shares of Silver Wheaton from $29.00 to $28.00 in a research note to investors on Friday, November 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.46.

Silver Wheaton Corp. (NYSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.

To view Zacks’ full report, visit www.zacks.com

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