Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) was upgraded by investment analysts at Standpoint Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

SLW has been the subject of a number of other reports. Zacks Investment Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. National Bank Financial upgraded Silver Wheaton Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 16th. Goldman Sachs Group Inc. lifted their price target on Silver Wheaton Corp. from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Scotiabank upgraded Silver Wheaton Corp. from a “sector perform” rating to an “outperform” rating in a research note on Saturday, November 19th. Finally, RBC Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a research note on Sunday, October 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Silver Wheaton Corp. currently has an average rating of “Buy” and an average price target of $31.00.

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

Silver Wheaton Corp. (NYSE:SLW) opened at 18.32 on Tuesday. The stock’s 50 day moving average price is $22.33 and its 200-day moving average price is $24.14. Silver Wheaton Corp. has a 52 week low of $10.04 and a 52 week high of $31.35. The stock has a market capitalization of $8.08 billion, a P/E ratio of 572.50 and a beta of 0.93.

Silver Wheaton Corp. (NYSE:SLW) last announced its earnings results on Wednesday, November 9th. The mining company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $233 million for the quarter, compared to analysts’ expectations of $261.88 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue was up 52.3% compared to the same quarter last year. Equities research analysts expect that Silver Wheaton Corp. will post $0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 23rd will be issued a dividend of $0.06 per share. This is a boost from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, November 21st. This represents a $0.24 annualized dividend and a yield of 1.31%. Silver Wheaton Corp.’s payout ratio is presently 2,402.40%.

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Silver Wheaton Corp. by 330.9% in the first quarter. Wellington Management Group LLP now owns 1,053,191 shares of the mining company’s stock valued at $17,462,000 after buying an additional 808,770 shares during the last quarter. Legal & General Group Plc boosted its position in Silver Wheaton Corp. by 4.1% in the first quarter. Legal & General Group Plc now owns 2,011,151 shares of the mining company’s stock valued at $33,510,000 after buying an additional 78,746 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Silver Wheaton Corp. during the first quarter valued at about $281,000. LPL Financial LLC boosted its position in Silver Wheaton Corp. by 6.3% in the first quarter. LPL Financial LLC now owns 309,883 shares of the mining company’s stock valued at $5,023,000 after buying an additional 18,410 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Silver Wheaton Corp. by 329.1% in the second quarter. BNP Paribas Arbitrage SA now owns 234,148 shares of the mining company’s stock valued at $5,510,000 after buying an additional 179,585 shares in the last quarter. 50.82% of the stock is currently owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NYSE:SLW

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