Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) – Analysts at National Bank Financial cut their Q4 2016 earnings per share (EPS) estimates for Silver Wheaton Corp. in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the brokerage will earn $0.19 per share for the quarter, down from their previous forecast of $0.27. National Bank Financial currently has a “Sector Perform” rating and a $37.00 target price on the stock.

Several other research firms have also recently weighed in on SLW. TD Securities reaffirmed a “buy” rating and set a $36.00 target price (up previously from $34.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Credit Suisse Group AG reiterated an “outperform” rating and set a $42.00 price target (up from $40.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. RBC Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Thursday, August 4th. Zacks Investment Research lowered Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $23.00 price target (up from $22.00) on shares of Silver Wheaton Corp. in a report on Monday, August 15th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.00.

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

Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 19.68 on Monday. The firm’s market cap is $8.66 billion. Silver Wheaton Corp. has a 52-week low of $10.04 and a 52-week high of $31.35. The stock’s 50 day moving average is $24.08 and its 200-day moving average is $24.13.

Silver Wheaton Corp. (NYSE:SLW) last released its quarterly earnings results on Wednesday, November 9th. The mining company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The company had revenue of $233 million for the quarter, compared to analyst estimates of $261.88 million. During the same period in the previous year, the business posted $0.12 EPS. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. purchased a new stake in Silver Wheaton Corp. during the third quarter worth about $453,000. Candriam Luxembourg S.C.A. purchased a new stake in Silver Wheaton Corp. during the third quarter worth about $207,000. Highlander Capital Management LLC boosted its stake in Silver Wheaton Corp. by 10.1% in the third quarter. Highlander Capital Management LLC now owns 10,900 shares of the mining company’s stock worth $295,000 after buying an additional 1,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Silver Wheaton Corp. by 49.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,815,616 shares of the mining company’s stock worth $183,790,000 after buying an additional 2,267,375 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Silver Wheaton Corp. by 26.3% in the third quarter. 1832 Asset Management L.P. now owns 364,295 shares of the mining company’s stock worth $9,842,000 after buying an additional 75,800 shares in the last quarter. Institutional investors and hedge funds own 51.44% of the company’s stock.

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 is Monday, November 21st. This is a positive change from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.22%. Silver Wheaton Corp.’s payout ratio is 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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