Q3 2016 EPS Estimates for Silver Wheaton Corp. Decreased by National Bank Financial (SLW)
Silver Wheaton Corp. (TSE:SLW) – Analysts at National Bank Financial cut their Q3 2016 earnings estimates for Silver Wheaton Corp. in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the brokerage 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 upgraded Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$28.00 to C$35.00 in a research report on Thursday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a research report on Friday, September 30th. Canaccord Genuity increased their price objective on Silver Wheaton Corp. from C$44.00 to C$45.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, TD Securities increased their price objective on Silver Wheaton Corp. from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$35.55.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 30.41 on Monday. The firm’s 50-day moving average price is $34.37 and its 200 day moving average price is $30.34. The company’s market capitalization is $13.39 billion. Silver Wheaton Corp. has a one year low of $14.51 and a one year high of $40.80.
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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