Silver Wheaton Corp. (NYSE:SLW) – National Bank Financial reduced their FY2016 EPS estimates for Silver Wheaton Corp. in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the firm will earn $0.62 per share for the year, down from their previous estimate of $0.68. National Bank Financial has a “Sector Perform” rating and a $37.00 price objective on the stock. National Bank Financial also issued estimates for Silver Wheaton Corp.’s FY2017 earnings at $0.91 EPS and FY2018 earnings at $1.00 EPS.

Other analysts have also issued research reports about the company. TD Securities reissued a “buy” rating and issued a $34.00 target price (up previously from $28.00) on shares of Silver Wheaton Corp. in a report on Thursday, August 4th. Canaccord Genuity reissued a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of Silver Wheaton Corp. in a 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 for the company in a report on Saturday, August 13th. Credit Suisse Group AG reissued an “outperform” rating and issued a $42.00 target price (up previously from $40.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. Finally, Goldman Sachs Group Inc. lifted their target price on Silver Wheaton Corp. from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.00.

Earnings History and Estimates for Silver Wheaton Corp. (NYSE:SLW)

Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 17.92 on Friday. Silver Wheaton Corp. has a one year low of $10.04 and a one year high of $31.35. The stock has a market cap of $7.90 billion, a PE ratio of 560.00 and a beta of 0.93. The company’s 50-day moving average price is $24.08 and its 200-day moving average price is $24.13.

Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings data on Wednesday, November 9th. The mining company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $233 million for the quarter, compared to analysts’ expectations of $261.88 million. Silver Wheaton Corp. had a return on equity of 5.52% and a net margin of 1.80%. The business’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS.

Institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. increased 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 last quarter. Orinda Asset Management LLC increased its position in shares of Silver Wheaton Corp. by 7.1% in the third quarter. Orinda Asset Management LLC now owns 5,259 shares of the mining company’s stock valued at $142,000 after buying an additional 350 shares during the last quarter. Prospera Financial Services Inc increased 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 last quarter. Berkeley Capital Partners LLC increased its position in shares of Silver Wheaton Corp. by 4.9% in the third quarter. Berkeley Capital Partners LLC now owns 10,646 shares of the mining company’s stock valued at $288,000 after buying an additional 494 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in shares of Silver Wheaton Corp. by 0.8% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 82,501 shares of the mining company’s stock valued at $2,230,000 after buying an additional 675 shares during the last quarter. Institutional investors and hedge funds own 51.46% of the company’s stock.

The firm also recently disclosed 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. This represents a $0.24 annualized dividend and a dividend yield of 1.34%. This is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, November 21st. Silver Wheaton Corp.’s payout ratio is presently 2,002.00%.

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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