Silver Wheaton Corp. (SLW) Price Target Raised to $31.00
Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) had its price objective increased by equities research analysts at Deutsche Bank AG from $30.00 to $31.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the mining company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 50.23% from the stock’s previous close.
SLW has been the topic of a number of other reports. Royal Bank of Canada reissued a “buy” rating and set a $28.00 target price on shares of Silver Wheaton Corp. in a research report on Tuesday, March 28th. Scotiabank cut their price target on shares of Silver Wheaton Corp. from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, May 10th. Goldman Sachs Group Inc cut shares of Silver Wheaton Corp. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $22.82 to $25.00 in a research note on Wednesday, February 8th. BMO Capital Markets restated a “buy” rating and set a $25.00 price target on shares of Silver Wheaton Corp. in a research note on Friday, March 31st. Finally, TD Securities cut their price target on shares of Silver Wheaton Corp. from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.50.
Silver Wheaton Corp. (NYSE:SLW) traded up 0.024% on Friday, reaching $20.655. The company had a trading volume of 2,193,153 shares. Silver Wheaton Corp. has a 52-week low of $16.94 and a 52-week high of $31.35. The company has a market capitalization of $9.12 billion, a PE ratio of 45.900 and a beta of 0.69. The company’s 50-day moving average is $20.61 and its 200-day moving average is $20.46.
Silver Wheaton Corp. (NYSE:SLW) last released its earnings results on Tuesday, May 9th. The mining company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The business had revenue of $197.95 million for the quarter, compared to the consensus estimate of $217.84 million. During the same period last year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts anticipate that Silver Wheaton Corp. will post $0.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, May 23rd. Silver Wheaton Corp.’s dividend payout ratio (DPR) is currently 2,402.40%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Silver Wheaton Corp. by 7.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,502,329 shares of the mining company’s stock worth $40,590,000 after buying an additional 109,317 shares during the period. World Asset Management Inc boosted its position in Silver Wheaton Corp. by 9.1% in the third quarter. World Asset Management Inc now owns 28,601 shares of the mining company’s stock worth $773,000 after buying an additional 2,387 shares during the period. State of Wisconsin Investment Board boosted its position in Silver Wheaton Corp. by 14.3% in the third quarter. State of Wisconsin Investment Board now owns 672,344 shares of the mining company’s stock worth $18,130,000 after buying an additional 83,971 shares during the period. Oxbow Advisors LLC purchased a new position in Silver Wheaton Corp. during the third quarter worth about $274,000. Finally, Quantbot Technologies LP purchased a new position in Silver Wheaton Corp. during the third quarter worth about $987,000. Institutional investors own 49.16% 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. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
Receive News & Ratings for Silver Wheaton Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Wheaton Corp. and related companies with MarketBeat.com's FREE daily email newsletter.