According to Zacks, "Wheaton Precious Metals Corp. operates as a silver and gold streaming company". The dividend was $0.100 per share for the quarter which is $0.40 annualized. Next quarter's EPS is expected be $0.16 with next year's EPS projected to be $0.66. Zacks Investment Research's EPS calculations are an average based on a survey of analysts that follow Silver Wheaton Corp. Silver Wheaton Corp had a return on equity of 5.90% and a net margin of 25.05%. The firm had revenue of $200.00 million during the quarter, compared to analyst estimates of $217.81 million. During the same period in the previous year, the business posted $0.14 earnings per share. Silver Wheaton Corp's quarterly revenue was down 5.7% on a year-over-year basis.
A number of other research analysts have also recently commented on the company. The company now has a consensus rating of Buy and an average target price of $27.40. Canaccord Genuity reduced their price target on Wheaton Precious Metals Corp from C$35.00 to C$34.00 in a research report on Friday, August 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. BMO Capital Markets restated a buy rating and set a $28.00 price objective on shares of Silver Wheaton Corp in a research report on Wednesday, September 6th. Hedge funds and other institutional investors own 48.09% of the company's stock. Swiss National Bank acquired a new position in Silver Wheaton Corp in the 2nd quarter valued at $79,348,000. State of Tennessee Treasury Department purchased a new stake in Silver Wheaton Corp in the 2nd quarter valued at $7,911,000. JPMorgan Chase & Co. bought a new stake in Silver Wheaton Corp in the second quarter valued at $4,600,000. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in Silver Wheaton Corp in the 2nd quarter valued at $2,932,000.
TRADEMARK VIOLATION WARNING: "Silver Wheaton Corp (WPM) Downgraded by Zacks Investment Research" was published by BBNS and is the property of of BBNS. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. Equities research analysts expect that Silver Wheaton Corp will post $0.61 earnings per share for the current fiscal year.
Silver Wheaton Corp (NYSE:WPM) opened at 20.91 on Friday. The company has a 50-day moving average price of $24.65 and a 200 day moving average price of $25.95.
The company's P/E ratio is 41.74 and the market cap is 9.24B. Silver Wheaton Corp has a 12-month low of $16.94 and a 12-month high of $25.27.