Silver Wheaton Corp. (TSE:SLW) (NYSE:SLW) – National Bank Financial reduced their FY2018 earnings per share estimates for Silver Wheaton Corp. in a note issued to investors on Wednesday, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $1.03 for the year, down from their prior estimate of $1.07. National Bank Financial also issued estimates for Silver Wheaton Corp.’s FY2019 earnings at $1.31 EPS.
SLW has been the subject of a number of other research reports. Canaccord Genuity lifted their target price on shares of Silver Wheaton Corp. from C$37.00 to C$38.00 in a research report on Friday, February 3rd. Scotiabank cut their target price on shares of Silver Wheaton Corp. from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday, February 23rd. Goldman Sachs Group Inc downgraded shares of Silver Wheaton Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, February 9th. TD Securities reaffirmed a “buy” rating and issued a C$30.00 target price on shares of Silver Wheaton Corp. in a research report on Wednesday, March 22nd. Finally, Royal Bank of Canada cut their target price on shares of Silver Wheaton Corp. to C$36.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$32.79.
Silver Wheaton Corp. (TSE:SLW) traded down 0.49% on Friday, reaching $28.49. The company had a trading volume of 714,385 shares. Silver Wheaton Corp. has a one year low of $22.63 and a one year high of $40.80. The company’s 50 day moving average is $27.42 and its 200-day moving average is $27.73. The firm has a market capitalization of $12.58 billion and a price-to-earnings ratio of 63.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.07 per share. This is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, April 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.98%.
In other news, Director Douglas Martin Holtby sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of C$28.08, for a total transaction of C$56,160.00.
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. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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