Silver Wheaton Corp. Given Consensus Rating of “Buy” by Brokerages (NYSE:SLW)
Silver Wheaton Corp. (NYSE:SLW) has been given a consensus rating of “Buy” by the fifteen analysts that are presently covering the stock, Stock Ratings News reports. Six equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $30.27.
A number of research firms have recently commented on SLW. Analysts at Morgan Stanley initiated coverage on shares of Silver Wheaton Corp. in a research note on Thursday, May 29th. They set an “equal weight” rating and a $25.00 price target on the stock. Separately, 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, May 13th. Finally, 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.
Shares of Silver Wheaton Corp. (NYSE:SLW) traded up 0.59% during mid-day trading on Tuesday, hitting $25.71. The stock had a trading volume of 720,161 shares. Silver Wheaton Corp. has a 1-year low of $17.75 and a 1-year high of $29.17. The stock’s 50-day moving average is $21.8 and its 200-day moving average is $22.53. The company has a market cap of $9.189 billion and a price-to-earnings ratio of 28.40. Silver Wheaton Corp. also was the target of unusually large options trading activity on Monday. Stock traders acquired 7,725 put options on the stock. This is an increase of approximately 224% compared to the typical daily volume of 2,387 put options.
Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.22 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 19.6% on a year-over-year basis. On average, analysts predict that Silver Wheaton Corp. will post $0.95 earnings per share for the current fiscal year.
Silver Wheaton Corp. (NYSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.