Silver Wheaton Corp. (SLW) Rating Reiterated by TD Securities
Silver Wheaton Corp. (TSE:SLW)‘s stock had its “buy” rating restated by equities research analysts at TD Securities in a report released on Thursday. They presently have a C$36.00 target price on the mining company’s stock. TD Securities’ target price indicates a potential upside of 48.27% from the stock’s current price.
Several other research firms have also issued reports on SLW. CSFB lifted their price target 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. Canaccord Genuity lifted their price objective on shares of 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. Royal Bank Of Canada lifted their price objective on shares of Silver Wheaton Corp. to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Finally, National Bank Financial lifted their price objective on shares of Silver Wheaton Corp. from C$31.00 to C$37.50 in a research report on Wednesday, July 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Silver Wheaton Corp. presently has a consensus rating of “Buy” and an average target price of C$35.05.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 24.28 on Thursday. The company has a 50-day moving average price of $32.00 and a 200 day moving average price of $31.46. The firm has a market capitalization of $10.70 billion and a P/E ratio of 758.75. Silver Wheaton Corp. has a one year low of $14.51 and a one year high of $40.80.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, November 21st. This represents a $0.24 dividend on an annualized basis 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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