Silver Wheaton Corp. (SLW) Lifted to Outperform Market Weight at National Bank Financial
Silver Wheaton Corp. (TSE:SLW) (NYSE:SLW) was upgraded by equities research analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research note issued on Wednesday.
SLW has been the subject of several other research reports. TD Securities raised their target price on Silver Wheaton Corp. from C$28.00 to C$34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada raised their target price on Silver Wheaton Corp. to C$46.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Canaccord Genuity raised their target price on Silver Wheaton Corp. from C$44.00 to C$45.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. CSFB raised their target price on Silver Wheaton Corp. from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$35.00 target price on shares of Silver Wheaton Corp. in a research note on Friday, November 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Silver Wheaton Corp. has an average rating of “Buy” and a consensus target price of C$35.05.
Silver Wheaton Corp. (TSE:SLW) traded down 0.68% during trading on Wednesday, hitting $26.47. The stock had a trading volume of 1,051,373 shares. The company has a 50-day moving average of $31.12 and a 200 day moving average of $31.54. Silver Wheaton Corp. has a 52 week low of $14.51 and a 52 week high of $40.80. The company’s market cap is $11.65 billion.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 23rd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Monday, November 21st. This is a positive change from Silver Wheaton Corp.’s previous quarterly dividend of $0.05.
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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