Silver Wheaton Corp (WPM) Expected to Earn Q4 2017 Earnings of $0.17 Per Share
Silver Wheaton Corp (NYSE:WPM) – Research analysts at National Bank Financial increased their Q4 2017 earnings per share estimates for shares of Silver Wheaton Corp in a report issued on Thursday. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.17 per share for the quarter, up from their prior forecast of $0.16. National Bank Financial also issued estimates for Silver Wheaton Corp’s FY2019 earnings at $0.70 EPS.
WPM has been the topic of several other research reports. Zacks Investment Research upgraded Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada restated a “buy” rating on shares of Silver Wheaton Corp in a research report on Wednesday, September 6th. TheStreet upgraded Silver Wheaton Corp from a “c+” rating to a “b-” rating in a research report on Tuesday, October 24th. BMO Capital Markets restated a “buy” rating and issued a $28.00 price target on shares of Silver Wheaton Corp in a research report on Wednesday, September 6th. Finally, TD Securities set a $28.00 price target on Silver Wheaton Corp and gave the stock a “buy” rating in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.00.
Silver Wheaton Corp (NYSE:WPM) opened at $20.51 on Monday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $8,932.93, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 6.67 and a beta of 0.31. Silver Wheaton Corp has a 12-month low of $16.94 and a 12-month high of $23.06.
Silver Wheaton Corp (NYSE:WPM) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $203.00 million for the quarter, compared to analysts’ expectations of $220.84 million. Silver Wheaton Corp had a return on equity of 5.57% and a net margin of 24.02%. The business’s revenue was down 13.0% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Monday, November 27th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, November 24th. Silver Wheaton Corp’s dividend payout ratio is presently 86.96%.
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Silver Wheaton Corp in the second quarter valued at about $4,600,000. PNC Financial Services Group Inc. grew its position in Silver Wheaton Corp by 5.0% in the first quarter. PNC Financial Services Group Inc. now owns 9,778 shares of the company’s stock valued at $204,000 after acquiring an additional 470 shares during the last quarter. Alliancebernstein L.P. grew its position in Silver Wheaton Corp by 7.3% in the first quarter. Alliancebernstein L.P. now owns 112,266 shares of the company’s stock valued at $2,340,000 after acquiring an additional 7,591 shares during the last quarter. Pring Turner Capital Group Inc. bought a new position in Silver Wheaton Corp in the second quarter valued at about $2,051,000. Finally, First Manhattan Co. bought a new position in Silver Wheaton Corp in the second quarter valued at about $236,000. Hedge funds and other institutional investors own 51.39% 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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