Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on SLW. Zacks Investment Research raised shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Saturday, August 13th. Goldman Sachs Group Inc. upped their price objective on shares of Silver Wheaton Corp. from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Deutsche Bank AG initiated coverage on shares of Silver Wheaton Corp. in a research note on Friday, September 9th. They set a “buy” rating and a $37.00 price objective for the company. RBC Capital Markets reaffirmed an “outperform” rating on shares of Silver Wheaton Corp. in a research note on Thursday, August 4th. Finally, National Bank Financial raised shares of Silver Wheaton Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Silver Wheaton Corp. presently has an average rating of “Buy” and a consensus target price of $31.00.

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

Silver Wheaton Corp. (NYSE:SLW) opened at 18.72 on Friday. The stock’s market capitalization is $8.24 billion. The stock’s 50 day moving average is $23.15 and its 200-day moving average is $24.12. Silver Wheaton Corp. has a 12 month low of $10.04 and a 12 month high of $31.35.

Silver Wheaton Corp. (NYSE:SLW) last released its earnings results on Wednesday, November 9th. The mining company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $233 million for the quarter, compared to analysts’ expectations of $261.88 million. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. On average, equities research analysts expect that Silver Wheaton Corp. will post $0.66 earnings per share for the current year.

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

A number of large investors have recently made changes to their positions in SLW. Eqis Capital Management Inc. increased its stake in shares of Silver Wheaton Corp. by 2.7% in the third quarter. Eqis Capital Management Inc. now owns 10,421 shares of the mining company’s stock valued at $282,000 after buying an additional 277 shares during the last quarter. 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 valued at $142,000 after buying an additional 350 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of Silver Wheaton Corp. by 4.7% in the third quarter. Prospera Financial Services Inc now owns 9,002 shares of the mining company’s stock valued at $243,000 after buying an additional 402 shares during the last quarter. Berkeley Capital Partners LLC increased its stake in shares of Silver Wheaton Corp. by 4.9% in the third quarter. Berkeley Capital Partners LLC now owns 10,646 shares of the mining company’s stock valued at $288,000 after buying an additional 494 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Silver Wheaton Corp. by 0.8% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 82,501 shares of the mining company’s stock valued at $2,230,000 after buying an additional 675 shares during the last quarter. 51.44% of the stock is currently 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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