Shares of Silver Wheaton Corp. (TSE:SLW) (NYSE:SLW) have received an average rating of “Buy” from the seven analysts that are covering the stock. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$34.40.
Several brokerages recently weighed in on SLW. Royal Bank of Canada cut their price target on Silver Wheaton Corp. to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. CSFB began coverage on Silver Wheaton Corp. in a research note on Thursday, April 13th. They issued an “outperform” rating and a C$35.00 price target for the company. Goldman Sachs Group Inc lowered Silver Wheaton Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, February 9th. TD Securities restated a “buy” rating and issued a C$30.00 price target on shares of Silver Wheaton Corp. in a research note on Wednesday, March 22nd. Finally, Scotiabank cut their price target on Silver Wheaton Corp. to C$33.00 and set an “outperform” rating for the company in a research note on Wednesday, May 10th.
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Shares of Silver Wheaton Corp. (TSE:SLW) opened at 28.53 on Monday. The company has a 50-day moving average price of $27.84 and a 200-day moving average price of $27.20. The stock has a market capitalization of $12.60 billion and a price-to-earnings ratio of 58.34. Silver Wheaton Corp. has a 52-week low of $22.63 and a 52-week high of $40.80.
The business also recently announced a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Wednesday, April 5th were issued a dividend of $0.07 per share. This is a boost from Silver Wheaton Corp.’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Monday, April 3rd.
In other news, Director Douglas Martin Holtby sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The stock was 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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