Silver Wheaton Corp. (SLW) Stock Rating Lowered by National Bank Financial
Silver Wheaton Corp. (NYSE:SLW) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, The Fly reports.
SLW has been the subject of several other research reports. Deutsche Bank AG started coverage on Silver Wheaton Corp. in a research report on Friday, September 9th. They issued a “buy” rating and a $37.00 price objective for the company. Credit Suisse Group AG lifted their price objective on Silver Wheaton Corp. from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. RBC Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a research report on Thursday, August 4th. Zacks Investment Research downgraded Silver Wheaton Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. lifted their price objective on Silver Wheaton Corp. from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Silver Wheaton Corp. presently has a consensus rating of “Buy” and an average target price of $30.45.
Silver Wheaton Corp. (NYSE:SLW) opened at 23.05 on Thursday. The firm’s market cap is $10.15 billion. Silver Wheaton Corp. has a 1-year low of $10.04 and a 1-year high of $31.35. The stock’s 50 day moving average price is $26.39 and its 200 day moving average price is $23.22.
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Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.14 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Silver Wheaton Corp. had a positive return on equity of 4.77% and a negative net margin of 21.75%. The firm earned $212 million during the quarter, compared to the consensus estimate of $198.91 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. Equities research analysts predict that Silver Wheaton Corp. will post $0.72 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of SLW. IFP Advisors Inc raised its position in Silver Wheaton Corp. by 3.4% in the first quarter. IFP Advisors Inc now owns 7,791 shares of the mining company’s stock valued at $129,000 after buying an additional 257 shares in the last quarter. Eqis Capital Management Inc. raised its position in Silver Wheaton Corp. by 2.7% in the third quarter. Eqis Capital Management Inc. now owns 10,421 shares of the mining company’s stock valued at $282,000 after buying an additional 277 shares in the last quarter. Prospera Financial Services Inc raised its position in Silver Wheaton Corp. by 4.7% in the third quarter. Prospera Financial Services Inc now owns 9,002 shares of the mining company’s stock valued at $243,000 after buying an additional 402 shares in the last quarter. WFG Advisors LP raised its stake in shares of Silver Wheaton Corp. by 2.5% in the second quarter. WFG Advisors LP now owns 37,136 shares of the mining company’s stock worth $874,000 after buying an additional 917 shares during the period. Finally, Investors Capital Advisory Services raised its stake in shares of Silver Wheaton Corp. by 3.4% in the second quarter. Investors Capital Advisory Services now owns 29,877 shares of the mining company’s stock worth $703,000 after buying an additional 993 shares during the period. Hedge funds and other institutional investors own 50.86% of the company’s stock.
About Silver Wheaton Corp.
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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