Silver Wheaton (SLW)

Business description

Silver Wheaton (SLW) is the world’s pre-eminent pure precious metals streaming company with 24 precious metals streaming agreements relating to assets in Mexico, Peru, Canada, Brazil, Chile, Argentina, Sweden, Greece, Portugal, the US and Guyana.

Share price chart

Share chart

Stock data

Market cap.C$9667m
Last closeC$23.93
High / Low (52 weeks)C$ / C$
Stock market listingCN, US
Forecast net debt (US$m)348.2
Forecast gearing ratio (%)7
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(8.5)(18.6)(4.9)
Relative *(10.5)(21.9)(10.1)

* % Relative to local index

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Company news

Silver Wheaton Annual And Special Meeting Of Shareholders At 4:00 PM ET

Fri, 01 Feb 2002 00:00:00 GMT

Why Is Silver Wheaton Corp. the Best Bet for a Precious Metal Comeback?

Wed, 20 May 2015 14:15:00 GMT

Is Silver Wheaton Corp. Headed Back to $30?

Fri, 15 May 2015 15:00:00 GMT

Is Silver Wheaton Corp. the Top Silver Stock to Buy Today?

Thu, 14 May 2015 13:07:30 GMT

Billionaire Ray Dalio Bought $10.3 Million of Silver Wheaton Corp.: Should You ...

Mon, 11 May 2015 12:48:12 GMT

Investment summary

Net earnings in both Q414 and FY14 were closely in line with Edison’s expectations. Henceforward, growth will principally be driven by: the 25% Salobo gold stream acquisition; a return to high grades at Penasquito as well as the Concentrate Enrichment and the Pyrite Leach projects; the attainment of full commercial production at Constancia; and a 20% increase in nameplate capacity at San Dimas. Beyond such organic growth, Silver Wheaton has US$1.3bn in readily accessible funds (plus future cash-flows) to make additional, future, accretive acquisitions of precious metal streams from world class assets.

Last updated on 06/05/2015

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2013A 706.5 531.8 381.6 106.0 18.2 12.7
2014A 620.2 431.2 268.8 75.0 25.7 15.9
2015E 811.8 566.9 358.0 90.0 21.4 12.6
2016E 1104.5 820.7 568.5 141.0 13.6 9.4

Last updated on 29/04/2015

Latest research

Solid FY14 portends future growth

Update | Mining | 27/03/2015

Salobo stream acquisition

Update | Mining | 05/03/2015

Daily comment

Institutional Comment | Mining | 21/01/2015

Q414 and FY14 results preview

Update | Mining | 19/01/2015

Daily comment

Institutional Comment | Mining | 19/11/2014

Q314 results

Update | Mining | 18/11/2014

Daily comment

Institutional Comment | Mining | 04/11/2014

Q314 results preview

Update | Mining | 03/11/2014

Equity and earnings outperform metal

Update | Mining | 21/08/2014

A precious alternative

Initiation | Mining | 10/06/2014

Growing streaming opportunities

QuickView | Mining | 02/12/2013

Latest video

Analyst Interview - Silver Wheaton

Industry outlook

As a result, Edison is forecasting EPS of US$1.66 and a share price of US$42.03 (C$53.43) in FY19. In the meantime, SLW trades on multiples that are consistently cheaper than its royalty ‘peers’ and more akin to (and sometimes cheaper than) mining companies themselves, despite being associated with materially less risk. NB Q115 results are scheduled for release on 7 May.

Last updated on 06/05/2015

Key management

Randy V. J. Smallwood , CEO
Gary D. Brown , CFO
Patrick Drouin , Head of IR
Rory Quinn , IR

Company address

Suite 3150
666 Burrard Street
Vancouver
BC
V6C 2X8
Canada
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