National Bank Financial Comments on Silver Wheaton Corp.’s Q3 2016 Earnings (SLW)
Silver Wheaton Corp. (TSE:SLW) – Equities researchers at National Bank Financial dropped their Q3 2016 earnings estimates for Silver Wheaton Corp. in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the firm will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.33. National Bank Financial currently has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for Silver Wheaton Corp.’s FY2016 earnings at $0.90 EPS and FY2017 earnings at $1.24 EPS.
SLW has been the topic of several other research reports. CSFB raised Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$28.00 to C$35.00 in a research note on Thursday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Friday, September 30th. Canaccord Genuity boosted their price objective on Silver Wheaton Corp. from C$44.00 to C$45.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, TD Securities boosted their price objective on Silver Wheaton Corp. from C$34.00 to C$36.00 and gave the company a “buy” rating in a report on Thursday, August 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$35.55.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 30.04 on Monday. Silver Wheaton Corp. has a 12 month low of $14.51 and a 12 month high of $40.80. The company’s market cap is $13.22 billion. The company’s 50-day moving average price is $34.49 and its 200-day moving average price is $30.17.
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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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