Silver Wheaton Corp. Target of Unusually High Options Trading (SLW)
Silver Wheaton Corp. (NYSE:SLW) was the recipient of some unusual options trading on Friday. Stock traders bought 10,717 put options on the stock, AnalystRatings.NET reports. This represents an increase of 207% compared to the average daily volume of 3,486 put options.
A number of analysts have recently weighed in on SLW shares. Analysts at Raymond James raised their price target on shares of Silver Wheaton Corp. from $31.00 to $32.00 in a research note on Monday, July 14th. Separately, analysts at RBC Capital raised their price target on shares of Silver Wheaton Corp. from $35.00 to $38.00 in a research note on Wednesday, July 9th. Finally, analysts at Morgan Stanley raised their price target on shares of Silver Wheaton Corp. from $25.00 to $27.30 in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Silver Wheaton Corp. presently has a consensus rating of “Buy” and an average target price of $31.94.
Silver Wheaton Corp. (NYSE:SLW) traded up 0.24% on Friday, hitting $24.90. The stock had a trading volume of 3,019,479 shares. Silver Wheaton Corp. has a one year low of $19.23 and a one year high of $29.17. The stock has a 50-day moving average of $26.3 and a 200-day moving average of $24.06. The company has a market cap of $8.915 billion and a price-to-earnings ratio of 28.23.
Silver Wheaton Corp. (NYSE:SLW) last announced its earnings results on Wednesday, August 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.04. The company had revenue of $148.60 million for the quarter, compared to the consensus estimate of $184.37 million. Analysts expect that Silver Wheaton Corp. will post $0.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, August 25th.
Silver Wheaton Corp. (NYSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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