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
SectorMining

Price performance

%1m3m12m
Actual3.717.24.7
Relative *1.96.812.2

* % Relative to local index

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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
Vancouver
BC
V6C 2X8
Canada
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