Silver Wheaton Corp. Receives Average Recommendation of “Buy” from Brokerages (TSE:SLW)
Silver Wheaton Corp. (TSE:SLW) has received a consensus rating of “Buy” from the thirteen ratings firms that are covering the stock, Analyst Ratings Net reports. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$31.35.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Silver Wheaton Corp. from C$36.00 to C$35.00 in a research note on Thursday. They now have a “buy” rating on the stock. Analysts at RBC Capital raised their price target on shares of Silver Wheaton Corp. from C$35.00 to C$38.00 in a research note on Wednesday. They now have an “outperform” rating on the stock.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 29.28 on Wednesday. Silver Wheaton Corp. has a 52-week low of $20.53 and a 52-week high of $30.65. The stock’s 50-day moving average is $25.38 and its 200-day moving average is $25.28. The company has a market cap of $10.466 billion and a P/E ratio of 29.71.
Silver Wheaton Corp. (TSE:SLW) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.24. On average, analysts predict that Silver Wheaton Corp. will post $0.94 earnings per share for the current fiscal year.
Silver Wheaton Corp. (TSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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