TD Securities Cuts Silver Wheaton Corp. to Hold (SLW)

By admin | 6 years ago

Silver Wheaton Corp. (NYSE: SLW) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other analysts have also recently weighed in on SLW. 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. Analysts at Macquarie downgraded shares of Silver Wheaton Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, March 5th.

Silver Wheaton Corp. traded up 0.78% on Monday, hitting $24.59. Silver Wheaton Corp. has a 52-week low of $24.24 and a 52-week high of $42.50. The company has a market cap of $8.694 billion and a price-to-earnings ratio of 15.74.

Silver Wheaton Corp. last posted its quarterly earnings results 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. Analysts expect that Silver Wheaton Corp. will post $0.47 EPS next quarter.

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

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