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:

Tony Lesiak, Canaccord Genuity (11/19/15)
"Q3/15 was operationally a strong quarter for Silver Wheaton Corp. from key streams: Salobo, Penasquito, and San Dimas performed very well. Following Q3/15, the company added another quality asset to its already-robust portfolio with the acquisition of a silver stream from Glencore at Antamina. . .Silver Wheaton remains one of the highest-quality royalty names in the precious metals sector. . .we maintain our Buy rating, and the stock remains on our Focus list."

Charles Gibson, Edison Investment Research (11/11/15)
"Excluding a $154M impairment charge relating to its 777-mine gold stream beyond 2020. . .Silver Wheaton Corp.'s Q3/15 results were closely in-line with our expectations. Pre-tax income was 3.5% higher than our forecast. . .more significantly, the company has acquired a new silver stream from the world-class Antamina copper mine in Peru, which has caused us to increase both our earnings forecasts and our valuation."

Canaccord Genuity's Morning Coffee (11/6/15)
"Silver Wheaton Corp. is paying $900M to embattled Glencore in exchange for rights to some of the future silver production from a Peruvian mine. . .the company said the new streaming agreement will help it deliver increased dividends despite flat commodity prices."

Ash Guglani, Salman Partners (11/6/15)
"Our 12-month target price for Silver Wheaton Corp.'s stock is CA$30/share (up from CA$29/share). Given management's strong ability to acquire high-quality, world-class assets, we maintain our Top Pick recommendation. The company remains in a strong position, as its growth to 2019 is fully funded and, with the acquisition of a stream from one of the lowest-cost copper mines in the world, more of its production by 2019 will come from assets that should withstand the lower commodity price environment (84% of production will come from mines operating in the first quartile of their respective cost curve)."

Ben Kramer-Miller, miningWEALTH (11/5/15)
"San Dimas is one of Silver Wheaton Corp.'s core assets, and it is rapidly growing production. Its operator, Primero, is growing low-opex gold and silver production from today's rate of ~2,500 tpd up to 3,000 tpd, and it should be able to do so in the first part of next year."

Phil Russo, Raymond James (11/4/15)
"Silver Wheaton Corp.'s Q3/15 results were essentially in line with our estimates in the quarter as the company continues to generate significant cash flow. Silver Wheaton also announced a $900M silver stream with Glencore on the Antamina mine. . .this transaction introduces another large, long-life asset into its portfolio and bolsters its leading portfolio of streams."

More Expert Comments

Experts Following This Company

Mary Anne Aden, Co-Editor and Publisher – Pamela Aden Research
Pamela Aden, Co-Editor and Publisher – Aden Forecast
Chris Berry, Founder – House Mountain Partners LLC.
Michael Berry, Writer Disruptive Discoveries Journal
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
Marin Katusa, Analyst – Katusa Research
Jeff Killeen, Analyst – CIBC World Markets
Pierre Lassonde, President – Franco-Nevada Corp.
Tony Lesiak – Canaccord Genuity
Chris Mancini, Research Analyst – Gabelli Gold Fund
Brad Mills, Fund Manager/CEO – Plinian Capital
David Morgan, Publisher – Silver Investor
Bob Moriarty, Author 321 Gold
Shane Nagle, Analyst – National Bank Financial
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
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.
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