Scotiabank Reiterates “Outperform” Rating for Silver Wheaton Corp. (SLW)
Silver Wheaton Corp. (TSE:SLW)‘s stock had its “outperform” rating restated by Scotiabank in a research report issued to clients and investors on Friday. They presently have a C$35.00 price objective on the mining company’s stock. Scotiabank’s price target would indicate a potential upside of 40.51% from the company’s previous close.
Several other analysts also recently issued reports on the company. Royal Bank Of Canada boosted their price target on Silver Wheaton Corp. to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. TD Securities restated a “buy” rating and issued a C$36.00 price target on shares of Silver Wheaton Corp. in a research note on Thursday, November 10th. CSFB boosted their price target on Silver Wheaton Corp. from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Canaccord Genuity reduced their price target on Silver Wheaton Corp. from C$45.00 to C$40.00 in a research note on Monday, October 24th. Finally, National Bank Financial downgraded Silver Wheaton Corp. from an “outperform overweight” rating to a “sector perform market weight” rating in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$35.05.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 24.91 on Friday. Silver Wheaton Corp. has a 52 week low of $14.51 and a 52 week high of $40.80. The stock has a 50 day moving average price of $31.67 and a 200-day moving average price of $31.57. The firm’s market capitalization is $10.97 billion.
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 issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost 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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