Silver Wheaton Corp (NYSE:WPM) has received an average broker rating score of 1.57 (Buy) from the seven brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and four have given a strong buy rating to the company. Silver Wheaton Corp’s rating score has declined by 13.8% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus price objective of $27.81 for the company and are expecting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Silver Wheaton Corp an industry rank of 230 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Deutsche Bank AG reiterated a “hold” rating and set a $29.00 price target (down from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th. Royal Bank Of Canada set a $27.00 price target on shares of Silver Wheaton Corp and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $27.00 price target on shares of Silver Wheaton Corp in a research report on Sunday, June 18th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Capstone Asset Management Co. bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $1,082,000. Integrated Investment Consultants LLC bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $159,000. World Asset Management Inc bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $517,000. First Manhattan Co. bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $236,000. Finally, IFP Advisors Inc bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $393,000. Hedge funds and other institutional investors own 50.38% of the company’s stock.

Silver Wheaton Corp (NYSE WPM) opened at 19.51 on Tuesday. The firm has a market cap of $8.62 billion, a PE ratio of 39.90 and a beta of 0.40. The firm’s 50 day moving average price is $19.69 and its 200-day moving average price is $20.49. Silver Wheaton Corp has a one year low of $16.94 and a one year high of $31.35.

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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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