Silver Wheaton Corp. (SLW) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Silver Wheaton Corp. (NYSE:SLW) announced its earnings results on Wednesday. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.04, StockRatingsNetwork reports. The company had revenue of $148.60 million for the quarter, compared to the consensus estimate of $184.37 million.
Silver Wheaton Corp. (NYSE:SLW) traded up 0.33% on Wednesday, hitting $27.18. 2,440,912 shares of the company’s stock traded hands. Silver Wheaton Corp. has a 52-week low of $19.23 and a 52-week high of $29.17. The stock’s 50-day moving average is $26.37 and its 200-day moving average is $23.90. The company has a market cap of $9.715 billion and a price-to-earnings ratio of 30.10.
A number of analysts have recently weighed in on SLW shares. Analysts at Raymond James raised their price target on shares of Silver Wheaton Corp. from $31.00 to $32.00 in a research note on Monday, July 14th. On a related note, analysts at RBC Capital raised their price target on shares of Silver Wheaton Corp. from $35.00 to $38.00 in a research note on Wednesday, July 9th. Finally, analysts at Morgan Stanley raised their price target on shares of Silver Wheaton Corp. from $25.00 to $27.30 in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.94.
Silver Wheaton Corp. (NYSE:SLW) is a mining company, which generates its revenue primarily from the sale of silver.
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