WPM has been the subject of a number of other research reports. Zacks Investment Research raised Silver Wheaton Corp from a sell rating to a hold rating in a report on Thursday, July 20th. Deutsche Bank AG restated a hold rating and issued a $29.00 price target (down previously from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th. Raymond James Financial, Inc. restated an outperform rating and issued a $27.00 price target on shares of Silver Wheaton Corp in a research report on Sunday, June 18th. Finally, BMO Capital Markets restated a buy rating and issued a $28.00 price target on shares of Silver Wheaton Corp in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $27.40.
Shares of Silver Wheaton Corp (NYSE WPM) opened at 20.91 on Friday. Silver Wheaton Corp has a 52-week low of $16.94 and a 52-week high of $25.27. The stock has a 50 day moving average of $19.92 and a 200 day moving average of $20.05. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 41.74 and a beta of 0.27.
Silver Wheaton Corp (NYSE:WPM) last posted its earnings results on Thursday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. Silver Wheaton Corp had a return on equity of 5.90% and a net margin of 25.05%. The company had revenue of $200.00 million during the quarter, compared to the consensus estimate of $217.81 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was down 5.7% on a year-over-year basis. On average, analysts predict that Silver Wheaton Corp will post $0.61 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in Silver Wheaton Corp in the second quarter valued at about $146,000. Integrated Investment Consultants LLC bought a new position in Silver Wheaton Corp in the second quarter valued at about $159,000. First Manhattan Co. bought a new position in Silver Wheaton Corp in the second quarter valued at about $236,000. Atlantic Trust Group LLC bought a new position in Silver Wheaton Corp in the second quarter valued at about $238,000. Finally, IFP Advisors Inc bought a new position in Silver Wheaton Corp in the second quarter valued at about $393,000. Hedge funds and other institutional investors own 48.09% of the company’s stock.
About Silver Wheaton Corp
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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