Brokerages Set Silver Wheaton Corp. (SLW) Target Price at $31.71
Silver Wheaton Corp. (TSE:SLW) has earned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the company. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$32.13.
SLW has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Silver Wheaton Corp. to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. TD Securities reaffirmed a “buy” rating and set a C$36.00 price objective on shares of Silver Wheaton Corp. in a report on Thursday. CSFB increased their price objective on shares of Silver Wheaton Corp. from C$40.00 to C$42.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Canaccord Genuity cut their price objective on shares of Silver Wheaton Corp. from C$45.00 to C$40.00 in a report on Monday, October 24th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$35.00 price objective on shares of Silver Wheaton Corp. in a report on Friday.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 24.28 on Friday. The company has a market capitalization of $10.70 billion and a price-to-earnings ratio of 758.75. Silver Wheaton Corp. has a 12-month low of $14.51 and a 12-month high of $40.80. The company’s 50-day moving average is $32.00 and its 200-day moving average is $31.46.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 23rd will be given a $0.06 dividend. The ex-dividend date is Monday, November 21st. This is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%.
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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