Q3 2016 Earnings Estimate for Silver Wheaton Corp. (SLW) Issued By National Bank Financial
Silver Wheaton Corp. (NYSE:SLW) – Analysts at National Bank Financial lowered their Q3 2016 earnings estimates for Silver Wheaton Corp. in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the brokerage will earn $0.24 per share for the quarter, down from their prior forecast of $0.25. National Bank Financial has a “Sector Perform” rating and a $37.00 price target on the stock. National Bank Financial also issued estimates for Silver Wheaton Corp.’s FY2016 earnings at $0.68 EPS and FY2017 earnings at $0.93 EPS.
Silver Wheaton Corp. (NYSE:SLW) last posted its earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share for the quarter, hitting the 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 analysts’ expectations of $198.91 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s revenue was up 29.3% compared to the same quarter last year.
SLW has been the topic of a number of other reports. Zacks Investment Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. raised their price objective on Silver Wheaton Corp. from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Standpoint Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Credit Suisse Group AG upgraded Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Thursday, June 30th. Finally, RBC Capital Markets restated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Sunday, October 2nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.00.
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Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 22.86 on Monday. Silver Wheaton Corp. has a 52 week low of $10.04 and a 52 week high of $31.35. The stock’s market cap is $10.06 billion. The firm has a 50-day moving average price of $26.19 and a 200-day moving average price of $23.26.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLW. Iowa State Bank purchased a new position in Silver Wheaton Corp. during the second quarter worth approximately $141,000. Integrated Investment Consultants LLC purchased a new position in Silver Wheaton Corp. during the second quarter worth approximately $177,000. Prospera Financial Services Inc purchased a new position in Silver Wheaton Corp. during the second quarter worth approximately $202,000. V Wealth Management LLC purchased a new position in Silver Wheaton Corp. during the second quarter worth approximately $227,000. Finally, Wellington Shields Capital Management LLC purchased a new position in Silver Wheaton Corp. during the second quarter worth approximately $238,000. 50.86% of the stock is currently owned by institutional investors.
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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