Q3 2016 EPS Estimates for Silver Wheaton Corp. Lowered by Analyst (SLW)
Silver Wheaton Corp. (NYSE:SLW) – Research analysts at National Bank Financial dropped their Q3 2016 earnings per share estimates for shares of Silver Wheaton Corp. in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the brokerage will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. National Bank Financial has a “Sector Perform” rating and a $37.00 price objective on the stock. National Bank Financial also issued estimates for Silver Wheaton Corp.’s FY2016 earnings at $0.68 EPS and FY2017 earnings at $0.93 EPS.
Several other equities analysts also recently weighed in on the stock. Credit Suisse Group AG upgraded shares of Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Thursday, June 30th. RBC Capital Markets reiterated an “outperform” rating on shares of Silver Wheaton Corp. in a report on Sunday, October 2nd. TD Securities reiterated a “buy” rating and issued a $36.00 price target (up previously from $34.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Silver Wheaton Corp. in a research note on Monday, August 15th. Finally, HSBC reaffirmed a “buy” rating on shares of Silver Wheaton Corp. in a research note on Thursday, July 7th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.00.
Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 23.15 on Monday. Silver Wheaton Corp. has a 1-year low of $10.04 and a 1-year high of $31.35. The company’s 50-day moving average is $26.09 and its 200-day moving average is $23.39. The stock’s market cap is $10.19 billion.
Silver Wheaton Corp. (NYSE:SLW) last released its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The company had revenue of $212 million for the quarter, compared to the consensus estimate of $198.91 million. Silver Wheaton Corp. had a negative net margin of 21.75% and a positive return on equity of 4.77%. Silver Wheaton Corp.’s revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Iowa State Bank purchased a new position in shares of Silver Wheaton Corp. during the second quarter worth $141,000. Integrated Investment Consultants LLC purchased a new position in shares of Silver Wheaton Corp. during the second quarter worth $177,000. Prospera Financial Services Inc purchased a new position in shares of Silver Wheaton Corp. during the second quarter worth $202,000. V Wealth Management LLC purchased a new position in shares of Silver Wheaton Corp. during the second quarter worth $227,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Silver Wheaton Corp. during the second quarter worth $238,000. Institutional investors own 50.88% of the company’s stock.
Silver Wheaton Corp. Company Profile
Silver Wheaton Corp. (Silver Wheaton) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. It has entered into over 19 long-term purchase agreements and approximately two early deposit long-term purchase agreement associated with silver and gold, relating to over 30 different mining assets, whereby Silver Wheaton acquires silver and gold production at various mines.
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