Silver Wheaton Corp.

Silver Wheaton is the largest pure precious metals streaming company in the world. Based upon its current agreements, forecast 2015 estimated annual attributable production is approximately 43.5 million silver equivalent ounces, including 230,000 ounces of gold. By 2019, estimated annual attributable production is anticipated to increase significantly to approximately 51 million silver equivalent ounces, including 325,000 ounces of gold. This anticipated growth is expected to be driven by the Company’s portfolio of low-cost and long-life assets, including precious metal and gold streams on Vale’s Salobo mine and Hudbay’s Constancia project.

Expert Comments:

"I follow only one royalty company, Silver Wheaton Corp. The company has a great business model. Royalties are always the safe-haven trade with the precious metal world; they do best when metals prices are under pressure. At times like these, it is to royalty companies that investors move money. . .for many of the silver producers we cover, there is a move toward increasing gold exposure. Silver Wheaton has also moved in that direction by spending $800M to increase its stream of Vale's Salobo gold mine in Brazil to 50%." read more >

Andrew Kaip, BMO Capital Markets (7/15/15)
"Primero Mining Corp. reported that 880 Koz silver that was produced in Q2/15 was not sold in Q2/15 due to a discrepancy over the company's address. . .incorporating delayed Q2/15 silver sales from San Dimas has lowered our Q2/15 earnings per share estimate for Silver Wheaton Corp. to $0.13 from $0.15. We expect silver deliveries to Silver Wheaton to resume later in H2/15, positively impacting the company's Q3/15 and Q4/15 earnings per share estimates."

Cosmos Chiu, CIBC World Markets (7/15/15)
"Silver Wheaton Corp. is scheduled to report Q2/15 results on August 11. . .we maintain our Q2/15 silver-equivalent production estimate of 10.4 Moz, while reducing our sales estimate to 9.0 Moz (from 9.6 Moz) and earnings per share to $0.13 (from $0.16). . .to account for 630 Koz silver produced but not yet delivered by Primero from its San Dimas mine due to a suspension of its import and export licenses in May. . .stemming from an administrative discrepancy over Primero's address. . .the San Dimas mine continues to operate uninterrupted. . .these ounces should be delivered in a future quarter."

Canaccord Genuity (7/10/15)
"We expect Silver Wheaton Corp.'s earnings per share to sequentially improve to CA$0.15 in Q2/15 from CA$0.13 in Q1/15. . .we continue to view the company's largest contributors (Salobo, Penasquito and San Dimas) as potential re-rating catalysts. . .we maintain our Buy recommendation—Silver Wheaton's well-diversified portfolio and organic growth (becoming more gold-weighted) together with a steep discount to its peer group present an excellent buying opportunity at these levels (i.e. below CA$20 per share). Silver Wheaton's stock remains a Canaccord Genuity Focus List pick."

Dan Rollins, RBC Capital Markets (7/9/15)
"Based on Silver Wheaton Corp's initial reaction to the Canada Revenue Agency's (CRA's) proposal letter, we would expect management to vigorously defend its business model should the CRA formally reassess the company's non-domestic income. . .while its underlying cash flow potential would be weakened under a worst case scenario, its fundamentals would remain solid with strong free cash flow generation forecast even in a weaker metal price environment."

Charles Gibson, Edison Investment Research (7/9/15)
"The Canadian Revenue Authority has proposed that it reassess Silver Wheaton Corp.'s tax treatment. . .of income in the years 2005–2010. . .the company has stated that it will defend its position vigorously. . .subject to clarification regarding the tax issue, we continue to predict a value per share of $42.38 (CA$54.04) for Silver Wheaton Corp.'s stock in FY19, representing a total internal rate of return to investors at the current share price of 36.3% over five years."

More Expert Comments

Experts Commenting on This Company

Pamela Aden, Co-Editor and Publisher – Aden Forecast
Mary Anne Aden, Co-Editor and Publisher – Pamela Aden Research
Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Michael Berry, Writer Disruptive Discoveries Journal
Chris Berry, Founder – House Mountain Partners LLC.
John Bridges, Analyst – J.P. Morgan
Doug Casey, CEO / Chair – Casey Research
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Jeff Clark, Senior Editor – Casey Research
Adrian Day, Founder – Adrian Day Asset Management
Charles Gibson, Director, Mining – Edison Investment Research
Michael Gray, Analyst – Macquarie Capital Markets
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
Ash Guglani, Analyst – Salman Partners
John Hathaway, Senior Managing Director – Tocqueville Asset Management L.P.
Frank Holmes, Chairman – U.S. Global Investors
Michael Jalonen, Precious Metals Analyst – Merrill Lynch
Louis James, Analyst – Casey Research
Andrew Kaip, Analyst – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
Pierre Lassonde, President – Franco-Nevada Corp.
Chris Mancini, Research Analyst – Gabelli Gold Fund
David Morgan, Publisher – Silver Investor
Shane Nagle, Analyst – National Bank Financial
Charles Oliver, Senior Portfolio Manager – Sprott Asset Management
Björn Paffrath, Director – Stabilitas-Fonds
Gwen Preston, Founder – Resource Maven
Ralph Profiti, Analyst – Credit Suisse
Dan Rollins, Analyst – RBC Capital Markets
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Phil Russo, Research Associate – Raymond James
David H. Smith, Analyst –
Porter Stansberry, Pres & CEO – Stansberry Research
Alex Terentiew, Mining Analyst – Raymond James
Trevor Turnbull, Analyst – Scotia Capital
Josh Wolfson, VP, Senior Analyst Gold & Precious Metals – Dundee Capital Markets

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Silver Wheaton Corp. Content