Wall Street analysts expect that Silver Wheaton Corp (NYSE:WPM) will report $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Silver Wheaton Corp’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.14. Silver Wheaton Corp reported earnings of $0.19 per share in the same quarter last year, which would indicate a negative year over year growth rate of 10.5%. The firm is scheduled to issue its next earnings results on Tuesday, March 20th.
On average, analysts expect that Silver Wheaton Corp will report full-year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.67. For the next fiscal year, analysts expect that the business will report earnings of $0.69 per share, with EPS estimates ranging from $0.52 to $0.91. Zacks’ EPS averages are an average based on a survey of analysts that follow Silver Wheaton Corp.
Silver Wheaton Corp (NYSE:WPM) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Silver Wheaton Corp had a net margin of 24.02% and a return on equity of 5.57%. The firm had revenue of $203.00 million for the quarter, compared to the consensus estimate of $220.84 million. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year.
Several research firms recently issued reports on WPM. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price target on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price target (down previously from $27.00) on shares of Silver Wheaton Corp in a research note on Tuesday, September 5th. TD Securities set a $28.00 price target on shares of Silver Wheaton Corp and gave the stock a “buy” rating in a research note on Friday, October 20th. TheStreet raised shares of Silver Wheaton Corp from a “c+” rating to a “b-” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Silver Wheaton Corp presently has an average rating of “Buy” and a consensus target price of $26.00.
Silver Wheaton Corp (NYSE:WPM) traded up $0.07 during trading on Thursday, reaching $20.21. 2,792,300 shares of the company traded hands, compared to its average volume of 3,216,876. Silver Wheaton Corp has a 12-month low of $16.94 and a 12-month high of $23.06. The stock has a market cap of $8,940.00, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 6.65 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.24 and a quick ratio of 7.24.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, November 27th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, November 24th. Silver Wheaton Corp’s dividend payout ratio is currently 85.11%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Silver Wheaton Corp by 118.4% in the 3rd quarter. SG Americas Securities LLC now owns 16,045 shares of the company’s stock valued at $306,000 after buying an additional 8,699 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Silver Wheaton Corp by 31.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,283,499 shares of the company’s stock valued at $24,502,000 after buying an additional 307,951 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Silver Wheaton Corp in the 3rd quarter valued at about $1,317,000. Advisory Services Network LLC acquired a new position in shares of Silver Wheaton Corp in the 2nd quarter valued at about $1,816,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Silver Wheaton Corp in the 2nd quarter valued at about $1,576,000. 51.39% of the stock is owned by institutional investors and hedge funds.
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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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