Silver Wheaton Corp. (SLW) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
Silver Wheaton Corp. (TSE:SLW) posted its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.01, AnalystRatingsNetwork reports.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 29.65 on Thursday. Silver Wheaton Corp. has a 1-year low of $20.53 and a 1-year high of $30.65. The stock’s 50-day moving average is $28.52 and its 200-day moving average is $26.14. The company has a market cap of $10.598 billion and a price-to-earnings ratio of 31.14.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.81%.
A number of analysts have recently weighed in on SLW shares. 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, July 10th. 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, July 9th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$31.35.
Silver Wheaton Corp. (TSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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