Zacks: Brokerages Set $27.35 Price Target for Silver Wheaton Corp (WPM)
Silver Wheaton Corp (NYSE:WPM) has been assigned an average broker rating score of 1.57 (Buy) from the seven brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, two have given 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% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price objective of $27.35 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Silver Wheaton Corp an industry rank of 65 out of 265 based on the ratings given to its competitors.
Several brokerages have issued reports on WPM. Royal Bank Of Canada set a $25.00 price target on shares of Silver Wheaton Corp and gave the company a “buy” rating in a report on Sunday. BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 price target on shares of Silver Wheaton Corp in a report on Wednesday, September 6th. Zacks Investment Research raised shares of Silver Wheaton Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Deutsche Bank AG reissued a “hold” rating and set a $29.00 price objective (down previously from $31.00) on shares of Silver Wheaton Corp in a research note on Sunday, June 25th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $27.00 price objective on shares of Silver Wheaton Corp in a research note on Sunday, June 18th.
Silver Wheaton Corp (WPM) traded up 0.126% during mid-day trading on Friday, reaching $19.935. 491,880 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $19.83 and its 200 day moving average is $20.12. The stock has a market capitalization of $8.81 billion, a PE ratio of 39.790 and a beta of 0.27. Silver Wheaton Corp has a 1-year low of $16.94 and a 1-year high of $25.27.
Silver Wheaton Corp (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Silver Wheaton Corp had a net margin of 25.05% and a return on equity of 5.90%. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $217.81 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. Analysts forecast that Silver Wheaton Corp will post $0.61 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Silver Wheaton Corp during the second quarter worth approximately $146,000. Integrated Investment Consultants LLC acquired a new position in Silver Wheaton Corp during the second quarter worth approximately $159,000. First Manhattan Co. acquired a new position in Silver Wheaton Corp during the second quarter worth approximately $236,000. Atlantic Trust Group LLC acquired a new position in Silver Wheaton Corp during the second quarter worth approximately $238,000. Finally, IFP Advisors Inc acquired a new position in Silver Wheaton Corp during the second quarter worth approximately $393,000. 48.09% of the stock is owned by hedge funds and other institutional investors.
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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