$0.15 Earnings Per Share Expected for Silver Wheaton Corp (WPM) This Quarter
Equities research analysts expect Silver Wheaton Corp (NYSE:WPM) to report $0.15 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have made estimates for Silver Wheaton Corp’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.17. Silver Wheaton Corp posted earnings per share of $0.14 during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The company is expected to issue its next earnings results after the market closes on Thursday, August 10th.
According to Zacks, analysts expect that Silver Wheaton Corp will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.60 to $0.70. For the next year, analysts forecast that the company will report earnings of $0.75 per share, with EPS estimates ranging from $0.58 to $0.89. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Silver Wheaton Corp.
WPM has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Silver Wheaton Corp from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Deutsche Bank AG reaffirmed a “hold” rating and set a $29.00 price objective (down previously from $31.00) on shares of Silver Wheaton Corp in a report on Sunday, June 25th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Silver Wheaton Corp in a report on Sunday, June 18th. Finally, Royal Bank Of Canada set a $27.00 price objective on Silver Wheaton Corp and gave the stock a “buy” rating in a report on Monday, June 19th.
Silver Wheaton Corp (NYSE:WPM) traded down 0.26% during midday trading on Monday, reaching $19.51. 2,009,012 shares of the company were exchanged. Silver Wheaton Corp has a 52-week low of $16.94 and a 52-week high of $31.35. The company has a 50 day moving average of $19.69 and a 200-day moving average of $20.49. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 39.90 and a beta of 0.40.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new position in shares of Silver Wheaton Corp during the second quarter worth $159,000. Capstone Asset Management Co. acquired a new position in shares of Silver Wheaton Corp during the second quarter worth $1,082,000. SG Americas Securities LLC acquired a new position in shares of Silver Wheaton Corp during the second quarter worth $146,000. IFP Advisors Inc acquired a new position in shares of Silver Wheaton Corp during the second quarter worth $393,000. Finally, First Manhattan Co. acquired a new position in shares of Silver Wheaton Corp during the second quarter worth $236,000. 50.38% of the stock is currently owned by hedge funds and other institutional investors.
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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