A number of other research analysts have also recently commented on WPM. BMO Capital Markets reaffirmed a buy rating and set a $28.00 target price on shares of Silver Wheaton Corp in a research note on Wednesday. Raymond James Financial, Inc. reiterated an outperform rating and issued a $27.00 price target on shares of Silver Wheaton Corp in a report on Sunday, June 18th. Zacks Investment Research lowered Silver Wheaton Corp from a hold rating to a sell rating in a report on Friday, July 14th. Finally, Deutsche Bank AG reiterated a hold rating and issued a $29.00 price target (down previously from $31.00) on shares of Silver Wheaton Corp in a report on Sunday, June 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $27.25.
Silver Wheaton Corp (NYSE WPM) opened at 20.76 on Wednesday. The stock has a 50 day moving average price of $19.85 and a 200-day moving average price of $20.13. The stock has a market cap of $9.18 billion, a PE ratio of 41.44 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 earnings results on Thursday, August 10th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $200 million for the quarter, compared to analysts’ expectations 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 prior year, the firm posted $0.14 earnings per share. On average, equities analysts expect that Silver Wheaton Corp will post $0.61 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a $0.10 dividend. This is a positive change from Silver Wheaton Corp’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.93%. Silver Wheaton Corp’s payout ratio is presently 80.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan Co. purchased a new stake in shares of Silver Wheaton Corp in the second quarter valued at approximately $236,000. World Asset Management Inc purchased a new stake in shares of Silver Wheaton Corp in the second quarter valued at approximately $517,000. IFP Advisors Inc purchased a new stake in shares of Silver Wheaton Corp in the second quarter valued at approximately $393,000. Capstone Asset Management Co. purchased a new stake in shares of Silver Wheaton Corp in the second quarter valued at approximately $1,082,000. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in shares of Silver Wheaton Corp in the second quarter valued at approximately $2,932,000. Hedge funds and other 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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