Silver Wheaton Corp. Receives Average Recommendation of “Buy” from Brokerages (TSE:SLW)
Shares of Silver Wheaton Corp. (TSE:SLW) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, StockRatingsNetwork.com reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$32.36.
A number of research firms have recently commented on SLW. Analysts at National Bank Financial raised their price target on shares of Silver Wheaton Corp. from C$32.00 to C$33.00 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Silver Wheaton Corp. from C$32.00 to C$33.00 in a research note on Thursday, August 14th. Finally, 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.
Silver Wheaton Corp. (TSE:SLW) opened at 27.23 on Tuesday. Silver Wheaton Corp. has a 1-year low of $20.53 and a 1-year high of $30.65. The stock has a 50-day moving average of $28.49 and a 200-day moving average of $26.3. The company has a market cap of $9.749 billion and a P/E ratio of 28.91.
Silver Wheaton Corp. (TSE:SLW) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. On average, analysts predict that Silver Wheaton Corp. will post $0.90 earnings per share 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 0.88%. The ex-dividend date of this dividend is Monday, August 25th.
Silver Wheaton Corp. (TSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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