Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) – Analysts at National Bank Financial reduced their FY2017 earnings estimates for shares of Silver Wheaton Corp. in a research note issued to investors on Wednesday, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $0.65 per share for the year, down from their prior estimate of $0.70. National Bank Financial also issued estimates for Silver Wheaton Corp.’s FY2018 earnings at $0.77 EPS and FY2019 earnings at $0.98 EPS.
Silver Wheaton Corp. (NYSE:SLW) last posted its quarterly earnings results on Tuesday, March 21st. The mining company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The firm had revenue of $258 million for the quarter, compared to the consensus estimate of $244.84 million. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This story was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.com-unik.info/2017/04/21/national-bank-financial-weighs-in-on-silver-wheaton-corp-s-fy2017-earnings-slw-updated-updated.html.
Several other brokerages have also recently commented on SLW. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $22.00 target price (up previously from $21.87) on shares of Silver Wheaton Corp. in a research report on Thursday, April 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 target price on shares of Silver Wheaton Corp. in a research report on Thursday, April 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $25.00 target price on shares of Silver Wheaton Corp. in a research report on Friday, March 31st. Deutsche Bank AG decreased their target price on Silver Wheaton Corp. from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 21st. Finally, Goldman Sachs Group Inc cut Silver Wheaton Corp. from a “buy” rating to a “neutral” rating and raised their target price for the stock from $22.82 to $25.00 in a research report on Wednesday, February 8th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Silver Wheaton Corp. currently has a consensus rating of “Buy” and an average target price of $29.45.
Silver Wheaton Corp. (NYSE:SLW) traded down 0.75% during mid-day trading on Friday, hitting $21.09. The company had a trading volume of 3,754,945 shares. The stock’s 50 day moving average price is $20.49 and its 200 day moving average price is $20.88. The firm has a market cap of $9.31 billion, a P/E ratio of 46.87 and a beta of 0.69. Silver Wheaton Corp. has a 52-week low of $16.94 and a 52-week high of $31.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Wednesday, April 5th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.33%. This is a positive change from Silver Wheaton Corp.’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, April 3rd. Silver Wheaton Corp.’s dividend payout ratio (DPR) is currently 2,402.40%.
Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Silver Wheaton Corp. by 149.6% in the fourth quarter. Franklin Resources Inc. now owns 24,839,562 shares of the mining company’s stock valued at $480,226,000 after buying an additional 14,886,588 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Silver Wheaton Corp. by 8.7% in the fourth quarter. Van ECK Associates Corp now owns 24,598,204 shares of the mining company’s stock valued at $475,237,000 after buying an additional 1,959,061 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Silver Wheaton Corp. by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 8,447,726 shares of the mining company’s stock valued at $228,342,000 after buying an additional 361,901 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Silver Wheaton Corp. by 49.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,815,616 shares of the mining company’s stock valued at $183,790,000 after buying an additional 2,267,375 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Silver Wheaton Corp. during the fourth quarter valued at about $119,588,000. Institutional investors and hedge funds own 49.16% of the company’s stock.
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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