Silver Wheaton Corp (NYSE:WPM) Announces Quarterly Earnings Results
Silver Wheaton Corp (NYSE:WPM) released its earnings results on Thursday. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15, Briefing.com reports. Silver Wheaton Corp had a net margin of 23.89% and a return on equity of 5.81%. The firm had revenue of $200 million for the quarter, compared to analyst estimates of $217.81 million. During the same period last year, the firm earned $0.14 EPS. The business’s quarterly revenue was down 5.7% compared to the same quarter last year.
Shares of Silver Wheaton Corp (NYSE:WPM) traded down 3.81% during midday trading on Friday, hitting $19.18. 6,495,324 shares of the company traded hands. The stock has a 50 day moving average of $19.78 and a 200-day moving average of $20.45. The stock has a market capitalization of $8.47 billion, a PE ratio of 39.22 and a beta of 0.40. Silver Wheaton Corp has a 52 week low of $16.94 and a 52 week high of $31.13.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Silver Wheaton Corp from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $27.00 price target on shares of Silver Wheaton Corp in a report on Sunday, June 18th. 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 report on Monday, June 19th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $29.00 price target (down from $31.00) on shares of Silver Wheaton Corp in a report on Sunday, June 25th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Silver Wheaton Corp during the second quarter valued at $146,000. Integrated Investment Consultants LLC bought a new position in Silver Wheaton Corp during the second quarter valued at $159,000. First Manhattan Co. bought a new position in Silver Wheaton Corp during the second quarter valued at $236,000. Atlantic Trust Group LLC bought a new position in Silver Wheaton Corp during the second quarter valued at $238,000. Finally, IFP Advisors Inc bought a new position in Silver Wheaton Corp during the second quarter valued at $393,000. Institutional investors own 50.38% of the company’s stock.
Silver Wheaton Corp Company Profile
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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