Silver Wheaton Corp. (SLW) Stock Rating Upgraded by Scotiabank
Silver Wheaton Corp. (TSE:SLW) (NYSE:SLW) was upgraded by research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday.
SLW has been the subject of a number of other reports. National Bank Financial lowered Silver Wheaton Corp. from an “outperform overweight” rating to a “sector perform market weight” rating in a research note on Wednesday, October 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Silver Wheaton Corp. in a research note on Friday, September 30th. Canaccord Genuity dropped their price target on Silver Wheaton Corp. from C$45.00 to C$40.00 in a research note on Monday, October 24th. CSFB increased their price target on Silver Wheaton Corp. from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Finally, TD Securities reissued a “buy” rating and set a C$36.00 price target on shares of Silver Wheaton Corp. in a research note on Thursday, November 10th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Silver Wheaton Corp. currently has an average rating of “Buy” and an average target price of C$35.05.
Silver Wheaton Corp. (TSE:SLW) opened at 25.30 on Thursday. The stock’s market capitalization is $11.14 billion. Silver Wheaton Corp. has a 1-year low of $14.51 and a 1-year high of $40.80. The stock’s 50 day moving average price is $30.65 and its 200 day moving average price is $31.54.
The firm also recently declared 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 annualized dividend and a dividend yield of 0.95%. This is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, November 21st.
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.
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