Silver Wheaton Corp (WPM) Releases Quarterly Earnings Results, Hits Estimates
Silver Wheaton Corp (NYSE:WPM) posted its quarterly earnings data on Thursday. The company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15, Briefing.com reports. The company had revenue of $200 million for the quarter, compared to analysts’ expectations of $217.81 million. Silver Wheaton Corp had a net margin of 23.89% and a return on equity of 5.81%. Silver Wheaton Corp’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share.
Shares of Silver Wheaton Corp (WPM) traded down 3.81% on Friday, reaching $19.18. 6,495,324 shares of the company’s stock were exchanged. Silver Wheaton Corp has a one year low of $16.94 and a one year high of $31.13. The firm has a market cap of $8.47 billion, a PE ratio of 39.22 and a beta of 0.40. The company has a 50 day moving average price of $19.78 and a 200 day moving average price of $20.45.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Silver Wheaton Corp during the second quarter valued at about $146,000. Integrated Investment Consultants LLC purchased a new stake in shares of Silver Wheaton Corp during the second quarter valued at about $159,000. First Manhattan Co. purchased a new stake in shares of Silver Wheaton Corp during the second quarter valued at about $236,000. Atlantic Trust Group LLC purchased a new stake in shares of Silver Wheaton Corp during the second quarter valued at about $238,000. Finally, IFP Advisors Inc purchased a new stake in shares of Silver Wheaton Corp during the second quarter valued at about $393,000. 50.38% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the stock. Royal Bank Of Canada set a $27.00 price objective on shares of Silver Wheaton Corp and gave the stock a “buy” rating in a research report on Monday, June 19th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $27.00 price objective on shares of Silver Wheaton Corp in a research report on Sunday, June 18th. Zacks Investment Research cut shares of Silver Wheaton Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $29.00 price objective (down from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th.
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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