V Wealth Management LLC Takes Position in Silver Wheaton Corp. (SLW)
V Wealth Management LLC bought a new position in shares of Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) during the first quarter, Holdings Channel reports. The fund bought 10,076 shares of the mining company’s stock, valued at approximately $208,000.
Several other institutional investors have also made changes to their positions in SLW. Selz Capital LLC raised its position in Silver Wheaton Corp. by 109.3% in the first quarter. Selz Capital LLC now owns 728,300 shares of the mining company’s stock worth $15,178,000 after buying an additional 380,300 shares during the period. Fox Run Management L.L.C. purchased a new position in Silver Wheaton Corp. during the first quarter worth $456,000. Integrated Wealth Management raised its position in Silver Wheaton Corp. by 10.0% in the first quarter. Integrated Wealth Management now owns 16,223 shares of the mining company’s stock worth $338,000 after buying an additional 1,473 shares during the period. Guild Investment Management Inc. purchased a new position in Silver Wheaton Corp. during the first quarter worth $2,119,000. Finally, Capstone Asset Management Co. raised its position in Silver Wheaton Corp. by 2.7% in the first quarter. Capstone Asset Management Co. now owns 53,613 shares of the mining company’s stock worth $1,117,000 after buying an additional 1,430 shares during the period. 49.16% of the stock is currently owned by institutional investors and hedge funds.
Silver Wheaton Corp. (NYSE:SLW) traded down 0.75% on Friday, hitting $21.09. The stock had a trading volume of 3,948,038 shares. Silver Wheaton Corp. has a one year low of $16.94 and a one year high of $31.35. The stock has a 50-day moving average of $20.49 and a 200-day moving average of $20.88. The company has a market cap of $9.31 billion, a PE ratio of 46.87 and a beta of 0.69.
Silver Wheaton Corp. (NYSE:SLW) last announced its quarterly earnings data on Tuesday, March 21st. The mining company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm earned $258 million during the quarter, compared to the consensus estimate of $244.84 million. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. Equities analysts expect that Silver Wheaton Corp. will post $0.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Wednesday, April 5th will be paid a $0.07 dividend. This is an increase from Silver Wheaton Corp.’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, April 3rd. Silver Wheaton Corp.’s dividend payout ratio is currently 2,402.40%.
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SLW has been the topic of a number of analyst reports. Goldman Sachs Group Inc lowered shares of Silver Wheaton Corp. from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $22.82 to $25.00 in a research report on Wednesday, February 8th. Deutsche Bank AG lowered their price objective on shares of Silver Wheaton Corp. from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, March 21st. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Silver Wheaton Corp. in a research report on Tuesday, March 28th. BMO Capital Markets reiterated a “buy” rating and issued a $25.00 price objective on shares of Silver Wheaton Corp. in a research report on Friday, March 31st. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $22.00 price objective (up from $21.87) on shares of Silver Wheaton Corp. in a research report on Thursday, April 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.45.
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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