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$9035.6m
Last closeC$22.36
High / Low (52 weeks)C$ / C$
Stock market listingCN, US
Forecast net debt (US$m)409.1
Forecast gearing ratio (%)9
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(7)(9.4)(17.5)
Relative *(4.1)(8.1)(14.9)

* % 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 Corporation
Angel Mining Anglesey Mining
Anglo Pacific Group Antofagasta
Aquarius Platinum Arian Silver
Ariana Resources Aspire 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 Dalradian Resources
Danakali Denison Mines
Discovery Metals Doray Minerals
DRDGOLD Duluth Metals
Eastern Platinum ECR Minerals
Edgewater Exploration EMED Mining
Energy Fuels Equatorial Resources
Euromax Resources European Goldfields
Forsys Metals Corp Fronteer Gold
Frontier Mining Frontline Gold
Galaxy Resources 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
London Mining MacPhersons Resources
Majestic Gold Mandalay Resources Corp
Mariana Resources Matamec Explorations
MDM Engineering Group Medusa Mining
Metallica Minerals Minera IRL
Minotaur Exploration Mkango Resources
MMG Mwana Africa
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
Shore Gold Sirius Minerals
South American Silver Corp Spanish Mountain Gold
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 1 Company I Can Get Behind

Fri, 26 Jun 2015 14:53:46 GMT

Value Investors: Should You Buy Cameco Corporation or Silver Wheaton Corp.?

Thu, 25 Jun 2015 17:37:30 GMT

Silver Wheaton Corp. (USA)(SLW): Why You Should Add This Stock To Your ...

Tue, 26 May 2015 19:52:30 GMT

Silver Wheaton Corp.: Is Now the Time to Buy?

Mon, 15 Jun 2015 19:07:30 GMT

Is Now the Time to Buy Silver Wheaton Corp.?

Thu, 28 May 2015 14:26:15 GMT

Investment summary

Silver Wheaton’s Q115 results were characterised by strong performances at San Dimas, Barrick, Sudbury and Salobo, such that silver-equivalent production exceeded 10Moz for the first time ever. Performance in FY15 will be weighted towards H215 under the influence of Constancia and Salobo in particular. Production over the following two years will then be driven by an increase in throughput from 2,500tpd to 3,000tpd at San Dimas and the Metallurgical Enhancement Project feasibility study at Penasquito. Beyond such organic growth, Silver Wheaton has access to up to c US$1.3bn in readily available funds (plus future cash flows) to make additional, future, accretive acquisitions.

Last updated on 29/06/2015

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 17.1 11.9
2014A 620.2 431.2 268.8 75.0 24.1 15.0
2015E 768.1 545.5 355.4 87.0 20.8 12.5
2016E 1104.5 826.4 573.8 142.0 12.7 8.8

Last updated on 23/06/2015

Latest research

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

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

We are forecasting EPS of US$1.68 in FY19 and a share price of US$42.38 (C$51.61). In the meantime, Silver Wheaton 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.

Last updated on 29/06/2015

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
View website