Macquarie Upgrades Silver Wheaton Corp. to Outperform (SLW)

By admin | 6 years ago

Silver Wheaton Corp. (NYSE: SLW) was upgraded by research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a report released on Tuesday.

Shares of Silver Wheaton Corp. opened at 23.31 on Tuesday. Silver Wheaton Corp. has a one year low of $23.09 and a one year high of $42.50. The company has a market cap of $8.241 billion and a P/E ratio of 14.35.

Silver Wheaton Corp. last issued its quarterly earnings data on Monday, May 14th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.01. Silver Wheaton Corp.’s revenue was up 26.2% compared to the same quarter last year. On average, analysts predict that Silver Wheaton Corp. will post $0.46 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at TD Securities downgraded shares of Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a research note to investors on Friday, March 23rd. They now have a $45.00 price target on the stock.

Silver Wheaton Corp. (Silver Wheaton) is a mining company, which generates its revenue primarily from the sale of silver.

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