Silver Wheaton Corp (NYSE:WPM) received a $27.00 target price from equities research analysts at Royal Bank Of Canada in a report released on Monday. The firm currently has a “buy” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 33.20% from the stock’s previous close.

WPM has been the subject of several other reports. Zacks Investment Research downgraded Silver Wheaton Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $27.00 price objective on shares of Silver Wheaton Corp in a research note on Sunday, June 18th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $29.00 price objective (down previously from $31.00) on shares of Silver Wheaton Corp in a research note on Sunday, June 25th.

Silver Wheaton Corp (NYSE:WPM) opened at 20.27 on Monday. Silver Wheaton Corp has a 52 week low of $16.94 and a 52 week high of $29.53. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 40.46 and a beta of 0.40. The company has a 50 day moving average of $19.52 and a 200 day moving average of $20.22.

Silver Wheaton Corp (NYSE:WPM) last released its earnings results on Thursday, August 10th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $200 million during the quarter, compared to the consensus estimate of $217.81 million. Silver Wheaton Corp had a return on equity of 5.90% and a net margin of 25.05%. Silver Wheaton Corp’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. On average, equities analysts forecast that Silver Wheaton Corp will post $0.60 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $1,938,000. Cannell Peter B & Co. Inc. bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $855,000. Cipher Capital LP bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $974,000. Westpac Banking Corp bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $987,000. Finally, Delta Lloyd Asset Management N.V. bought a new position in shares of Silver Wheaton Corp during the second quarter valued at about $2,932,000. Institutional investors and hedge funds 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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