Silver Wheaton Corp (WPM) Given “Buy” Rating at Royal Bank Of Canada
Silver Wheaton Corp (NYSE:WPM)‘s stock had its “buy” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday.
A number of other equities analysts have also commented on WPM. BMO Capital Markets reiterated a “buy” rating and set a $28.00 price target on shares of Silver Wheaton Corp in a report on Wednesday. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $27.00 price target on shares of Silver Wheaton Corp in a report on Sunday, June 18th. Zacks Investment Research lowered shares of Silver Wheaton Corp from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $29.00 price target (down previously from $31.00) on shares of Silver Wheaton Corp in a report on Sunday, June 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $27.25.
Silver Wheaton Corp (NYSE WPM) traded down 1.19% on Wednesday, hitting $20.76. The stock had a trading volume of 2,301,225 shares. Silver Wheaton Corp has a 1-year low of $16.94 and a 1-year high of $29.53. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 46.13 and a beta of 0.33. The company’s 50 day moving average is $19.85 and its 200-day moving average is $20.13.
Silver Wheaton Corp (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $200 million for the quarter, compared to analyst estimates of $217.81 million. Silver Wheaton Corp had a net margin of 25.05% and a return on equity of 5.90%. Silver Wheaton Corp’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, analysts forecast that Silver Wheaton Corp will post $0.61 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in WPM. Capstone Asset Management Co. acquired a new position in Silver Wheaton Corp in the second quarter valued at $1,082,000. Integrated Investment Consultants LLC acquired a new position in Silver Wheaton Corp in the second quarter valued at $159,000. World Asset Management Inc acquired a new position in Silver Wheaton Corp in the second quarter valued at $517,000. First Manhattan Co. acquired a new position in Silver Wheaton Corp in the second quarter valued at $236,000. Finally, IFP Advisors Inc acquired a new position in Silver Wheaton Corp in the second quarter valued at $393,000. Institutional investors and hedge funds own 48.10% 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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