National Bank Financial upgraded shares of Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday.

Several other equities analysts have also issued reports on the company. Credit Suisse Group AG restated an outperform rating and set a $42.00 price target (up from $40.00) on shares of Silver Wheaton Corp. in a research report on Saturday, August 13th. RBC Capital Markets reiterated an outperform rating on shares of Silver Wheaton Corp. in a research report on Sunday, October 2nd. JPMorgan Chase & Co. restated a hold rating and set a $23.00 price target (up from $22.00) on shares of Silver Wheaton Corp. in a research report on Monday, August 15th. TD Securities restated a buy rating and set a $36.00 price target (up from $34.00) on shares of Silver Wheaton Corp. in a research report on Saturday, August 13th. Finally, Canaccord Genuity reiterated a buy rating and set a $45.00 price objective (up previously from $44.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $31.00.

Analyst Recommendations for Silver Wheaton Corp. (NYSE:SLW)

Shares of Silver Wheaton Corp. (NYSE:SLW) traded down 0.45% during mid-day trading on Wednesday, reaching $19.72. The company had a trading volume of 2,292,780 shares. Silver Wheaton Corp. has a 12-month low of $10.04 and a 12-month high of $31.35. The stock has a 50 day moving average price of $23.39 and a 200 day moving average price of $24.16. The firm’s market capitalization is $8.68 billion.

Silver Wheaton Corp. (NYSE:SLW) last posted its quarterly earnings results on Wednesday, November 9th. The mining company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $261.88 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. Silver Wheaton Corp.’s revenue was up 52.3% compared to the same quarter last year. On average, equities analysts forecast that Silver Wheaton Corp. will post $0.66 earnings per share for the current year.

The firm also recently disclosed 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 a boost from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. 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 1.21%. Silver Wheaton Corp.’s dividend payout ratio (DPR) is presently 2,002.00%.

Several hedge funds have recently bought and sold shares of SLW. Salem Investment Counselors Inc. acquired a new stake in Silver Wheaton Corp. during the third quarter worth $453,000. Candriam Luxembourg S.C.A. acquired a new stake in Silver Wheaton Corp. during the third quarter worth $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 during 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 during 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 during the last quarter. 51.44% of the stock is owned by hedge funds and other institutional investors.

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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