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UPDATE: BMO Capital Markets Raises PT on Silver Wheaton Following Q2/13 Headline EPS Announcement


In a report published Thursday, BMO Capital Markets analyst Andrew Kaip reiterated an Outperform rating on Silver Wheaton (NYSE: SLW), and raised the price target from $25.00 to $31.50.

In the report, BMO Capital Markets noted, “SLW announced Q2/13 headline EPS of US$0.20. After adjusting for stock-based compensation and a loss on marketable securities, EPS came in at US$0.21, below consensus at US$0.25 and BMO Research at US$0.26. The earning miss was largely the result of the timing of sales. Reported sales of 5.1Moz silver and 33.9koz gold were ~15% below and ~5% above the BMO Research forecasts of 6.0Moz and 32.3koz, respectively. SLW reiterated 2013E production guidance of 33.5Moz silver equivalent (including 145koz gold). SLW ended Q2/13 with net debt of ~US$1.1B. SLW also declared a dividend of US$0.10/sh.”

Silver Wheaton closed on Wednesday at $25.14.

Latest Ratings for SLW

Nov 2016UpgradesHoldBuy
Nov 2016UpgradesSector PerformOutperform
Oct 2016DowngradesOutperformSector Perform

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Posted-In: Andrew Kaip BMO Capital MarketsAnalyst Color Price Target Analyst Ratings


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