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Stock analysts at Morgan Stanley hoisted their price target on shares of Silver Wheaton Corp. (NYSE:SLW) from $25.00 to $27.30 in a report issued on Tuesday. Morgan Stanley’s target price points to a potential upside of 1.98% from the stock’s previous close.

Silver Wheaton Corp. (NYSE:SLW) traded up 1.21% on Tuesday, hitting $26.77. The stock had a trading volume of 6,049,629 shares. Silver Wheaton Corp. has a 52 week low of $19.10 and a 52 week high of $29.17. The stock has a 50-day moving average of $22.95 and a 200-day moving average of $22.93. The company has a market cap of $9.568 billion and a P/E ratio of 29.39.

Silver Wheaton Corp. (NYSE:SLW) last released its 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. Analysts expect that Silver Wheaton Corp. will post $0.95 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about 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, May 13th. 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.56.

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

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