National Bank Financial Brokers Reduce Earnings Estimates for Silver Wheaton Corp. (SLW)
Silver Wheaton Corp. (TSE:SLW) – National Bank Financial reduced their FY2016 earnings per share (EPS) estimates for Silver Wheaton Corp. in a report released on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the brokerage will post earnings of $0.83 per share for the year, down from their previous forecast of $0.90. 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 FY2017 earnings at $1.22 EPS and FY2018 earnings at $1.34 EPS.
Several other research analysts have also recently weighed in on the stock. Scotiabank restated an “outperform” rating and set a C$35.00 price target on shares of Silver Wheaton Corp. in a report on Friday. TD Securities restated a “buy” rating and set a C$36.00 price target on shares of Silver Wheaton Corp. in a report on Thursday. Canaccord Genuity cut their price target on shares of Silver Wheaton Corp. from C$45.00 to C$40.00 in a report on Monday, October 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Friday, September 30th. Finally, CSFB lifted their price objective on shares of Silver Wheaton Corp. from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Silver Wheaton Corp. presently has an average rating of “Buy” and an average price target of C$35.05.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 24.28 on Friday. Silver Wheaton Corp. has a 52-week low of $14.51 and a 52-week high of $40.80. The firm has a market cap of $10.70 billion and a price-to-earnings ratio of 758.75. The company’s 50 day moving average is $32.00 and its 200 day moving average is $31.46.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 23rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.99%. This is a positive change from Silver Wheaton Corp.’s previous quarterly dividend of $0.05.
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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