$217.49 Million in Sales Expected for Silver Wheaton Corp (WPM) This Quarter

Wall Street brokerages expect Silver Wheaton Corp (NYSE:WPM) to post sales of $217.49 million for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Silver Wheaton Corp’s earnings, with estimates ranging from $208.14 million to $242.50 million. Silver Wheaton Corp posted sales of $212.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The company is scheduled to report its next earnings report after the market closes on Thursday, August 10th.

According to Zacks, analysts expect that Silver Wheaton Corp will report full-year sales of $217.49 million for the current financial year, with estimates ranging from $805.00 million to $940.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $931.63 million per share, with estimates ranging from $820.50 million to $1.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Silver Wheaton Corp.

WPM has been the topic of a number of recent research reports. Royal Bank Of Canada set a $27.00 price target on shares of Silver Wheaton Corp and gave the stock a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Deutsche Bank AG restated a “hold” rating and issued a $29.00 price target (down from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a $27.00 price target on shares of Silver Wheaton Corp in a research report on Sunday, June 18th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Silver Wheaton Corp during the second quarter worth about $146,000. Integrated Investment Consultants LLC acquired a new position in Silver Wheaton Corp during the second quarter worth about $159,000. First Manhattan Co. acquired a new position in Silver Wheaton Corp during the second quarter worth about $236,000. IFP Advisors Inc acquired a new position in Silver Wheaton Corp during the second quarter worth about $393,000. Finally, World Asset Management Inc acquired a new position in Silver Wheaton Corp during the second quarter worth about $517,000. Institutional investors own 50.38% of the company’s stock.

Shares of Silver Wheaton Corp (NYSE WPM) opened at 19.60 on Wednesday. Silver Wheaton Corp has a 12 month low of $16.94 and a 12 month high of $31.35. The company has a 50-day moving average of $19.73 and a 200-day moving average of $20.48. The stock has a market capitalization of $8.66 billion, a PE ratio of 40.08 and a beta of 0.40.

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About Silver Wheaton Corp

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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