Scotiabank upgraded shares of Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) from a sector perform rating to an outperform rating in a research report released on Saturday.

SLW has been the topic of several other research reports. Credit Suisse Group AG reiterated an outperform rating and issued a $42.00 price objective (up previously from $40.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. RBC Capital Markets reiterated an outperform rating on shares of Silver Wheaton Corp. in a research note on Sunday, October 2nd. JPMorgan Chase & Co. reiterated a hold rating and issued a $23.00 price objective (up previously from $22.00) on shares of Silver Wheaton Corp. in a research note on Monday, August 15th. TD Securities reiterated a buy rating and issued a $36.00 price objective (up previously from $34.00) on shares of Silver Wheaton Corp. in a research note on Saturday, August 13th. Finally, National Bank Financial lowered shares of Silver Wheaton Corp. from an outperform rating to a sector perform rating and dropped their price objective for the company from $43.00 to $37.00 in a research note on Thursday, October 13th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $31.00.

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

Silver Wheaton Corp. (NYSE:SLW) opened at 18.72 on Friday. The firm’s market cap is $8.24 billion. Silver Wheaton Corp. has a one year low of $10.04 and a one year high of $31.35. The firm has a 50-day moving average of $23.15 and a 200-day moving average of $24.12.

Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings results on Wednesday, November 9th. The mining company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm earned $233 million during the quarter, compared to analysts’ expectations of $261.88 million. Silver Wheaton Corp. had a net margin of 1.80% and a return on equity of 5.34%. The firm’s revenue was up 52.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. Analysts anticipate that Silver Wheaton Corp. will post $0.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 23rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 21st. This is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.28%. Silver Wheaton Corp.’s dividend payout ratio is 2,002.00%.

A number of hedge funds have recently modified their holdings of SLW. Iowa State Bank bought a new stake in shares of Silver Wheaton Corp. during the second quarter worth $141,000. NEXT Financial Group Inc increased its stake in shares of Silver Wheaton Corp. by 27.9% in the third quarter. NEXT Financial Group Inc now owns 5,223 shares of the mining company’s stock worth $141,000 after buying an additional 1,139 shares during the period. Orinda Asset Management LLC increased its stake in shares of Silver Wheaton Corp. by 7.1% in the third quarter. Orinda Asset Management LLC now owns 5,259 shares of the mining company’s stock worth $142,000 after buying an additional 350 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Silver Wheaton Corp. by 694.6% in the third quarter. Advisors Asset Management Inc. now owns 6,444 shares of the mining company’s stock worth $174,000 after buying an additional 5,633 shares during the period. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Silver Wheaton Corp. during the second quarter worth $177,000. 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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