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.

Stock data

Market cap.C$10750.4m
Last closeC$24.44
High / Low (52 weeks)C$26.3 / C$14.8
Stock market listingUS, CN
Forecast net debt (US$m)445.9
Forecast gearing ratio (%)9
TeamResources - Mining

Price performance

Relative *1.96.812.2

* % Relative to local index

Other companies in sector Show

Afferro Mining Afri-Can Marine Minerals
African Barrick Gold African Eagle Resources
African Minerals Alderon Iron Ore
Aldridge Minerals Alkane Resources
All Star Minerals Allied Gold Mining
Almonty Industries Altius Minerals
Altona Energy Amara Mining
Amerigo Resources Amur Minerals
Angel Mining Anglesey Mining
Anglo Pacific Group Antofagasta
Aquarius Platinum Arian Silver
Ariana Resources Asa Resource
Aspire Mining Atalaya Mining
Atlantic Gold NL Aurcana Corporation
Aureus Mining Aurizon Mines
Avalon Rare Metals Avnel Gold Mining
Baobab Resources Bear Creek Mining
Bellzone Mining Bezant Resources
Blackthorn Resources Bushveld Minerals
Cabral Resources Caledon Resources
Caledonia Mining Cameco
Canada Lithium Corporation Carpathian Gold
Celamin Holdings Central Asia Metals
Centrex Metals Champion Iron
Chatham Rock Phosphate Chieftain Metals
Coal of Africa Condor Gold
Continental Coal Cradle Resources
Dalradian Resources Danakali
Denison Mines Discovery Metals
Doray Minerals DRDGOLD
Duluth Metals Eastern Platinum
ECR Minerals Edgewater Exploration
Energy Fuels Equatorial Resources
Euromax Resources European Goldfields
Forsys Metals Corp Fronteer Gold
Frontier Mining Frontline Gold
Galaxy Resources Galaxy Resources Limited
Gascoyne Resources Gemfields
GMA Resources Gold One
Gold Road Resources Goldcrest Resources
Golden Minerals Company Goldplat
Gunson Resources Hambledon Mining
Hecla Highland Gold
Highlands Pacific Hummingbird Resources
Ichor Coal International Mining & Infrastructure Corp
Iron Road Ironwood Gold
Jameson Resources KEFI Minerals
Kenmare Resources Kingsgate
Kinross Gold Corporation Kopy Goldfields
Lemur Resources Lithium Americas Corp
London Mining MacPhersons Resources
Majestic Gold Mandalay Resources Corp
Mariana Resources Matamec Explorations
MDM Engineering Group Medusa Mining
Metallica Minerals Minera IRL
Mineral Commodities Minotaur Exploration
Mkango Resources MMG
Natural Resource Partners Ncondezi Energy
Nevsun Resources New Talisman Gold Mines
Nkwe Platinum Nordgold
North American Palladium Northern Dynasty Minerals
Norton Gold Fields NovaCopper
OceanaGold Oracle Coalfields
Orbis Gold Ormonde Mining
Orosur Mining Orpheus Energy
Pan African Resources Pan American Goldfields
Papillon Resources Petropavlovsk
Pilot Gold Platmin
PolyMet Mining Polymetals Mining
Randgold Resources Rare Earth Minerals
Rare Element Resources Red Rock Resources
Regency Mines Richmont Mines
Rio Tinto Robust Resources
Rutila Resources Sable Mining
Seabridge Gold Shore Gold
Sirius Minerals South American Silver Corp
St George Mining Sumatra Copper & Gold
Syndicated Metals Teck Resources
Titanium Resources Group Torex Gold
True North Gems U3O8 Holdings
Universal Coal Vatukoula Gold Mines
Veris Gold Corp Victoria Gold
W Resources Western Areas
Wits Gold Wolf Minerals
Woulfe Mining Zanaga Iron Ore Company
Zazu Metals Corporation

Company news

Silver Wheaton Corp.: Is it Time to Back Up the Truck for This Stock?

Thu, 26 May 2016 17:35:17 GMT

Is Silver Wheaton Corp. the Right Mining Stock for Investors?

Fri, 20 May 2016 15:36:53 GMT

Silver Wheaton Corp.: Is This Stock as Good as Gold?

Tue, 17 May 2016 15:56:15 GMT

Will Silver Wheaton Corp. Continue to Soar?

Fri, 06 May 2016 17:15:00 GMT

Silver Wheaton Corp. (USA)(NYSE:SLW) Declares Dividend of $0.0500.

Wed, 18 May 2016 14:40:52 GMT

Investment summary

After four quarters in which the production of both gold and silver achieved successive new records, output attributable to Silver Wheaton (SLW) moderated in Q116 – albeit to only the second-best ever – with good quarterly performances (again) from Antamina and Salobo offset by headwinds at San Dimas and SLW’s ‘other’ assets. However, sales of material closely approximated production, with the result that inventories decreased by 0.9Moz AgE.

Last updated on 25/05/2016

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2014A 620.2 431.2 268.8 75.0 25.4 15.7
2015A 648.7 426.2 223.6 53.0 35.9 17.3
2016E 809.5 530.7 239.0 55.0 34.6 15.2
2017E 1057.6 758.9 488.5 111.0 17.1 11.0

Last updated on 25/05/2016

Latest research

Forecasts weighted to H2

Update | Mining | 25/05/2016

Buying future growth

Update | Mining | 18/04/2016

Exceeding expectations

Update | Mining | 24/03/2016

Q415e results, Cotabambas analysis and CRA

Update | Mining | 15/02/2016

Q3 results and Antamina stream purchase

Update | Mining | 11/11/2015

Tax and other matters

Update | Mining | 22/10/2015

Tax developments and revised forecasts

Update | Mining | 09/07/2015

Q115 results and Q2-Q415 preview

Update | Mining | 26/05/2015

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

Latest video

Analyst Interview - Silver Wheaton

Industry outlook

We have updated our forecasts to reflect the effects of SLW's bought-deal, which raised US$632.5m via the issue of 38.1m shares in April. Contingent on eventual success against the CRA, we forecast a value per share for SLW of US$42.30, or C$54.40, in FY19, representing a total IRR to investors of c 42% in US$ terms over four years. In the meantime, SLW is trading on near-term financial ratios that make it the cheapest of its peers and, frequently, cheaper than the miners themselves, despite being associated with materially less risk. NB Q1 results are scheduled for 9 May.

Last updated on 03/05/2016

Key management

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

Company address

Suite 3150
666 Burrard Street
V6C 2X8
View website