Silver Wheaton Corp. (SLW) Declares Quarterly Dividend of $0.06
Silver Wheaton Corp. (NYSE:SLW) announced a quarterly dividend on Thursday, November 10th. Stockholders of record on Wednesday, November 23rd will be given a dividend of 0.06 per share by the mining company on Wednesday, December 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, November 21st. This is a boost from Silver Wheaton Corp.’s previous quarterly dividend of $0.05.
Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 20.01 on Friday. The stock has a market capitalization of $8.82 billion, a P/E ratio of 625.31 and a beta of 0.93. Silver Wheaton Corp. has a 1-year low of $10.04 and a 1-year high of $31.35. The stock’s 50 day moving average price is $24.38 and its 200-day moving average price is $24.13.
Silver Wheaton Corp. (NYSE:SLW) last released its quarterly earnings data on Wednesday, November 9th. The mining company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. The company earned $233 million during the quarter, compared to the consensus estimate of $261.88 million. Silver Wheaton Corp. had a negative net margin of 21.75% and a positive return on equity of 4.77%. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. Equities research analysts anticipate that Silver Wheaton Corp. will post $0.68 EPS for the current fiscal year.
A number of research firms recently commented on SLW. National Bank Financial downgraded Silver Wheaton Corp. from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $43.00 to $37.00 in a report on Thursday, October 13th. RBC Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Sunday, October 2nd. Deutsche Bank AG began coverage on Silver Wheaton Corp. in a report on Friday, September 9th. They issued a “buy” rating and a $37.00 price objective for the company. Zacks Investment Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Silver Wheaton Corp. in a report on Monday, August 15th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Silver Wheaton Corp. has an average rating of “Buy” and a consensus target price of $31.00.
Several hedge funds and other institutional investors have recently bought and sold shares of SLW. Wellington Shields Capital Management LLC purchased a new position in Silver Wheaton Corp. during the second quarter valued at $238,000. US Bancorp DE boosted its position in Silver Wheaton Corp. by 9.3% in the second quarter. US Bancorp DE now owns 13,236 shares of the mining company’s stock valued at $312,000 after buying an additional 1,122 shares in the last quarter. Korea Investment CORP boosted its position in Silver Wheaton Corp. by 100.0% in the second quarter. Korea Investment CORP now owns 21,600 shares of the mining company’s stock valued at $506,000 after buying an additional 10,800 shares in the last quarter. Frontier Investment Mgmt Co. boosted its position in Silver Wheaton Corp. by 33.7% in the second quarter. Frontier Investment Mgmt Co. now owns 22,153 shares of the mining company’s stock valued at $507,000 after buying an additional 5,585 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Silver Wheaton Corp. by 22.3% in the second quarter. Point72 Asset Management L.P. now owns 35,956 shares of the mining company’s stock valued at $846,000 after buying an additional 6,556 shares in the last quarter. 51.46% of the stock is 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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