Silver Wheaton Corp. Receives Average Rating of “Buy” from Brokerages (NYSE:SLW)
Shares of Silver Wheaton Corp. (NYSE:SLW) have earned an average rating of “Buy” from the sixteen brokerages that are covering the company, Analyst Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.02.
Several analysts have recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Silver Wheaton Corp. from $36.00 to $35.00 in a research note on Tuesday. Separately, analysts at Salman Partners reiterated a “buy” rating on shares of Silver Wheaton Corp. in a research note on Thursday, April 10th. They now have a $36.00 price target on the stock. Finally, analysts at Cowen and Company reiterated a “hold” rating on shares of Silver Wheaton Corp. in a research note on Monday, March 24th. They now have a $26.25 price target on the stock.
Silver Wheaton Corp. (NYSE:SLW) traded down 1.11% on Friday, hitting $21.469. 455,565 shares of the company’s stock traded hands. Silver Wheaton Corp. has a 52 week low of $17.75 and a 52 week high of $29.17. The stock has a 50-day moving average of $22.36 and a 200-day moving average of $22.46. The company has a market cap of $7.673 billion and a P/E ratio of 24.12.
Silver Wheaton Corp. (NYSE:SLW) last announced its earnings results on Thursday, May 8th. The company reported $0.22 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.22. The company had revenue of $165.40 million for the quarter, compared to the consensus estimate of $186.11 million. During the same quarter last year, the company posted $0.38 earnings per share. Silver Wheaton Corp.’s revenue was down 19.6% compared to the same quarter last year. On average, analysts predict that Silver Wheaton Corp. will post $0.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 15th.
Silver Wheaton Corp. (NYSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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