Silver Wheaton Corp (NYSE:WPM) has earned an average broker rating score of 1.57 (Buy) from the seven analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. Silver Wheaton Corp’s rating score has declined by 4.7% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus price objective of $27.50 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Silver Wheaton Corp an industry rank of 160 out of 265 based on the ratings given to its competitors.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Silver Wheaton Corp from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. 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, August 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $29.00 price objective (down previously from $31.00) on shares of Silver Wheaton Corp in a report on Sunday, June 25th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $27.00 price objective on shares of Silver Wheaton Corp in a report on Sunday, June 18th.
Shares of Silver Wheaton Corp (NYSE:WPM) traded up 0.87% during midday trading on Wednesday, hitting $20.96. The stock had a trading volume of 2,543,763 shares. The firm’s 50-day moving average price is $19.71 and its 200-day moving average price is $20.16. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 41.84 and a beta of 0.33. Silver Wheaton Corp has a 1-year low of $16.94 and a 1-year high of $29.53.
Silver Wheaton Corp (NYSE:WPM) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $200 million for the quarter, compared to the consensus estimate of $217.81 million. Silver Wheaton Corp had a return on equity of 5.90% and a net margin of 25.05%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. Analysts forecast that Silver Wheaton Corp will post $0.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is an increase from Silver Wheaton Corp’s previous quarterly dividend of $0.07. Silver Wheaton Corp’s payout ratio is currently 80.00%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. acquired a new position in shares of Silver Wheaton Corp during the second quarter worth about $1,938,000. Cannell Peter B & Co. Inc. acquired a new position in shares of Silver Wheaton Corp during the second quarter worth about $855,000. Cipher Capital LP acquired a new position in shares of Silver Wheaton Corp during the second quarter worth about $974,000. Westpac Banking Corp acquired a new position in shares of Silver Wheaton Corp during the second quarter worth about $987,000. Finally, Delta Lloyd Asset Management N.V. acquired a new position in shares of Silver Wheaton Corp during the second quarter worth about $2,932,000. Institutional investors 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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