Silver Wheaton Corp. (TSE:SLW) Given Consensus Rating of “Buy” by Brokerages
Shares of Silver Wheaton Corp. (TSE:SLW) have earned a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the company. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$32.17.
Several equities analysts have recently weighed in on the stock. CSFB raised shares of Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$28.00 to C$35.00 in a report on Thursday, June 30th. National Bank Financial lifted their target price on shares of Silver Wheaton Corp. from C$31.00 to C$37.50 in a report on Wednesday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Silver Wheaton Corp. in a report on Friday, September 30th. Canaccord Genuity lifted their price target on shares of Silver Wheaton Corp. from C$44.00 to C$45.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, TD Securities lifted their price target on shares of Silver Wheaton Corp. from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, August 11th.
Shares of Silver Wheaton Corp. (TSE:SLW) traded up 0.56% during midday trading on Friday, hitting $30.28. 1,079,631 shares of the stock traded hands. The stock’s market cap is $13.33 billion. The company’s 50 day moving average price is $35.46 and its 200-day moving average price is $29.91. Silver Wheaton Corp. has a 12-month low of $14.51 and a 12-month high of $40.80.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.20 annualized dividend and a yield of 0.66%.
Silver Wheaton Corp. Company Profile
Silver Wheaton Corp. (Silver Wheaton) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. It has entered into over 19 long-term purchase agreements and approximately two early deposit long-term purchase agreement associated with silver and gold, relating to over 30 different mining assets, whereby Silver Wheaton acquires silver and gold production at various mines.
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