Brokerages Set $27.50 Price Target for Silver Wheaton Corp (WPM)
Shares of Silver Wheaton Corp (NYSE:WPM) have received an average broker rating score of 1.57 (Buy) from the seven analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and four have issued a strong buy rating on the company. Silver Wheaton Corp’s rating score has declined by 4.7% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price target of $27.50 for the company and are predicting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Silver Wheaton Corp an industry rank of 77 out of 265 based on the ratings given to its competitors.
A number of research analysts recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Silver Wheaton Corp in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Silver Wheaton Corp from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Raymond James Financial, Inc. restated an “outperform” rating and set a $27.00 price objective on shares of Silver Wheaton Corp in a report on Sunday, June 18th. BMO Capital Markets restated a “buy” rating and set a $28.00 price objective on shares of Silver Wheaton Corp in a report on Wednesday, September 6th. Finally, Deutsche Bank AG restated 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.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. First Manhattan Co. acquired a new position in Silver Wheaton Corp during the second quarter valued at approximately $236,000. World Asset Management Inc acquired a new position in Silver Wheaton Corp during the second quarter valued at approximately $517,000. Delta Lloyd Asset Management N.V. acquired a new position in Silver Wheaton Corp during the second quarter valued at approximately $2,932,000. Swiss National Bank acquired a new position in Silver Wheaton Corp during the second quarter valued at approximately $79,348,000. Finally, Intact Investment Management Inc. acquired a new position in Silver Wheaton Corp during the second quarter valued at approximately $20,082,000. Hedge funds and other institutional investors own 48.10% of the company’s stock.
Silver Wheaton Corp (NYSE WPM) traded down 1.66% during trading on Friday, reaching $19.51. 636,645 shares of the company were exchanged. The firm has a 50-day moving average of $19.84 and a 200-day moving average of $20.10. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 38.94 and a beta of 0.33. Silver Wheaton Corp has a 52-week low of $16.94 and a 52-week high of $29.53.
Silver Wheaton Corp (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. The firm had revenue of $200.00 million during the quarter, compared to analysts’ expectations of $217.81 million. Silver Wheaton Corp had a net margin of 25.05% and a return on equity of 5.90%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, equities analysts forecast that Silver Wheaton Corp will post $0.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.02%. This is a boost from Silver Wheaton Corp’s previous quarterly dividend of $0.07. Silver Wheaton Corp’s payout ratio is currently 80.00%.
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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