Q4 2016 EPS Estimates for Silver Wheaton Corp. (SLW) Cut by National Bank Financial
Silver Wheaton Corp. (TSE:SLW) (NYSE:SLW) – Research analysts at National Bank Financial cut their Q4 2016 earnings per share estimates for Silver Wheaton Corp. in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the brokerage will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.35. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
Other analysts have also issued reports about the company. Canaccord Genuity cut their price target on Silver Wheaton Corp. from C$45.00 to C$40.00 in a report on Monday, October 24th. TD Securities lifted their target price on Silver Wheaton Corp. from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Scotiabank reaffirmed an “outperform” rating and issued a C$35.00 target price on shares of Silver Wheaton Corp. in a research report on Friday, November 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Silver Wheaton Corp. in a research report on Friday, September 30th. Finally, CSFB lifted their target price on Silver Wheaton Corp. from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$35.05.
Shares of Silver Wheaton Corp. (TSE:SLW) opened at 26.50 on Monday. The company’s market cap is $11.67 billion. Silver Wheaton Corp. has a 12 month low of $14.51 and a 12 month high of $40.80. The firm has a 50 day moving average price of $31.38 and a 200-day moving average price of $31.58.
The company also recently announced 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 is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, November 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.91%.
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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