Silver Wheaton Corp. (NYSE:SLW) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Zacks Investment Research raised shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Saturday, August 13th. Goldman Sachs Group Inc. boosted their price objective on shares of Silver Wheaton Corp. from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 12th. TD Securities reaffirmed a “buy” rating and set a $34.00 price objective (up previously from $28.00) on shares of Silver Wheaton Corp. in a research note on Thursday, August 4th. Finally, HSBC reissued a “buy” rating on shares of Silver Wheaton Corp. in a research note on Thursday, July 7th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $30.45.

Analyst Recommendations for Silver Wheaton Corp. (NYSE:SLW)

Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 23.05 on Thursday. Silver Wheaton Corp. has a 52-week low of $10.04 and a 52-week high of $31.35. The stock’s 50 day moving average is $26.39 and its 200 day moving average is $23.22. The firm’s market capitalization is $10.15 billion.

Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company earned $212 million during the quarter, compared to analysts’ expectations of $198.91 million. Silver Wheaton Corp. had a negative net margin of 21.75% and a positive return on equity of 4.77%. Silver Wheaton Corp.’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, equities research analysts forecast that Silver Wheaton Corp. will post $0.72 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prospera Financial Services Inc raised its position in shares of 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 during the period. British Columbia Investment Management Corp raised its position in shares of Silver Wheaton Corp. by 1.7% in the third quarter. British Columbia Investment Management Corp now owns 67,600 shares of the mining company’s stock valued at $1,390,000 after buying an additional 1,100 shares during the period. Advisory Services Network LLC raised its position in shares of Silver Wheaton Corp. by 169.4% in the third quarter. Advisory Services Network LLC now owns 78,064 shares of the mining company’s stock valued at $2,110,000 after buying an additional 49,089 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Silver Wheaton Corp. by 46.2% in the third quarter. BNP Paribas Arbitrage SA now owns 342,392 shares of the mining company’s stock valued at $9,255,000 after buying an additional 108,244 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of 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 during the period. Institutional investors and hedge funds own 50.86% of the company’s stock.

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.

5 Day Chart for NYSE:SLW

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