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$7225m
Last closeC$17.87
High / Low (52 weeks)C$ / C$
Stock market listingCN, US
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual7.9(25.3)(34.3)
Relative *15.1(15.7)(24.1)

* % 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 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
Mineral Commodities 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

Buy Silver Wheaton Corp. if You Believe in Solar Power

Thu, 27 Aug 2015 15:12:42 GMT

Is it Time to Buy Silver Wheaton Corp.?

Thu, 20 Aug 2015 17:37:30 GMT

Silver Wheaton Corp. Reports Record Q2 Silver Production and Sales: Should You ...

Fri, 14 Aug 2015 13:43:01 GMT

Why Silver Wheaton Corp. Is a Great Turnaround Opportunity

Tue, 21 Jul 2015 12:45:00 GMT

Three Canadian Stocks Are Hot: Silver Wheaton Corp. (USA) (NYSE:SLW), Cenovus ...

Thu, 03 Sep 2015 13:41:15 GMT

Investment summary

Silver Wheaton’s Q215 results were noteworthy for records in both the production and sales of silver equivalent ounces – the latter exceeding 10Moz AgE for the first time. Compared to our previous forecasts, silver production was higher (but sales lower), while gold production was lower (but sales higher). As such, a 1.6Moz undersale of silver (equating to c US$26.7m in revenue) was partially mitigated by a 10.5koz oversale of gold (equating to c US$12.5m). In addition, Constancia became a material producer for the first time, contributing 0.6Moz Ag and 3.5koz Au (together 0.85Moz AgE) to SLW’s attributable production profile. Our forecasts are under review.

Last updated on 01/09/2015

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 13.2 9.2
2014A 620.2 431.2 268.8 75.0 18.7 11.6
2015E N/A N/A N/A N/A N/A N/A
2016E N/A N/A N/A N/A N/A N/A

Last updated on 25/08/2015

Latest research

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

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

Latest video

Analyst Interview - Silver Wheaton

Industry outlook

Subject to clarification of the tax issue, we continue to predict a value for SLW of US$42.38 (C$54.04) in FY19. In the meantime, it trades on multiples that are consistently cheaper than its royalty ‘peers’ and more akin to (and sometimes cheaper than) mining companies, despite being associated with materially less risk.

Last updated on 01/09/2015

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