Trade Report: The Silver Wheaton Corp. (SLW) Stock Rating Upgrade by Standpoint Research

The Silver Wheaton Corp. (SLW) Stock Rating Upgrade by Standpoint Research

Standpoint Research upgraded shares of Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) from a hold rating to a buy rating in a research note published on Tuesday morning.

Other research analysts have also issued reports about the company. TD Securities reaffirmed a buy rating and issued a $34.00 target price (up from $28.00) on shares of Silver Wheaton Corp. in a research report on Thursday, August 4th. Canaccord Genuity reaffirmed a buy rating and issued a $45.00 target price (up from $44.00) on shares of Silver Wheaton Corp. in a research report on Saturday, August 13th. Zacks Investment Research raised Silver Wheaton Corp. from a hold rating to a buy rating and set a $34.00 target price on the stock in a research report on Saturday, August 13th. Credit Suisse Group AG reaffirmed an outperform rating and issued a $42.00 target price (up from $40.00) on shares of Silver Wheaton Corp. in a research report on Saturday, August 13th. Finally, Goldman Sachs Group Inc. increased their target price on Silver Wheaton Corp. from $28.00 to $31.00 and gave the stock a buy rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $31.00.

Silver Wheaton Corp. (NYSE:SLW) opened at 18.07 on Tuesday. The stock’s 50 day moving average price is $22.17 and its 200 day moving average price is $24.13. The firm has a market capitalization of $7.97 billion, a PE ratio of 564.69 and a beta of 0.93. Silver Wheaton Corp. has a 52-week low of $10.04 and a 52-week high of $31.35.

Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings results on Wednesday, November 9th. The mining company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The business had revenue of $233 million for the quarter, compared to analysts’ expectations of $261.88 million. During the same period in the prior year, the company earned $0.12 EPS. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. Analysts expect that Silver Wheaton Corp. will post $0.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 23rd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.33%. This is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, November 21st. Silver Wheaton Corp.’s dividend payout ratio (DPR) is 2,402.40%.

A number of institutional investors have recently bought and sold shares of SLW. Van ECK Associates Corp increased its position in Silver Wheaton Corp. by 15.0% in the second quarter. Van ECK Associates Corp now owns 20,736,231 shares of the mining company’s stock worth $487,924,000 after buying an additional 2,696,983 shares during the period. Carmignac Gestion increased its position in Silver Wheaton Corp. by 81.7% in the second quarter. Carmignac Gestion now owns 11,220,799 shares of the mining company’s stock worth $264,025,000 after buying an additional 5,046,101 shares during the period. Vanguard Group Inc. increased its position in Silver Wheaton Corp. by 20.3% in the second quarter. Vanguard Group Inc. now owns 8,992,999 shares of the mining company’s stock worth $211,606,000 after buying an additional 1,518,741 shares during the period. Bank of New York Mellon Corp increased its position in Silver Wheaton Corp. by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 8,447,726 shares of the mining company’s stock worth $228,342,000 after buying an additional 361,901 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Silver Wheaton Corp. by 49.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,815,616 shares of the mining company’s stock worth $183,790,000 after buying an additional 2,267,375 shares during the period. Institutional investors and hedge funds own 50.82% of the company’s stock.

About Silver Wheaton Corp.

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