Silver Wheaton Sees Higher Q4 Earnings; Beats Estimates (SLW)

Silver Wheaton Sees Higher Q4 Earnings; Beats Estimates (SLW)


Mining company, Silver Wheaton Corp. (SLW) reported increased profits for its fourth quarter, which beat analysts estimates on Friday.

The Vancouver, BC based company reported fourth quarter earnings of $177.7 million, or 50 cents per share, up 18.5% from $144.7 million, or 41 cents per share last year. On average, Wall Street analysts expected to see earnings of 49 cents per share.

Revenue rose by 50% to $287 million, from $192 million last year. Analysts expected to see $259.42 million.

Silver production increased 22% to 8.5 million ounces, from 6.9 million ounces during last year’s fourth quarter.

Looking ahead, the company estimates 53 million ounces of silver equivalent production for 2017. The acquisition of Salobo and Sudbury gold streams which was made in December 2012, is expected to double SLW’s gold production for the next five years.

Silver Wheaton shares were mostly flat during premarket trading Friday. The stock has declined -6% in the past year.

The Bottom Line
Shares of Silver Wheaton Corp. (SLW) have a 0.90% yield, based on Thursday’s closing price of $30.98.

Silver Wheaton Corp. (SLW) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today