Silver Wheaton Corp (NYSE:WPM) Posts Quarterly Earnings Results, Hits Expectations

Miners Correlation Trends in August 2017

The current consensus recommendation provided by covering analysts is 2.30.

For this year, Wheaton Precious Metals Corp. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15, Briefing.com reports.

David Iben increased its stake in Silver Wheaton Corp (SLW) by 95.73% based on its latest 2016Q4 regulatory filing with the SEC. The firm had revenue of $200 million for the quarter, compared to analyst estimates of $217.81 million. The firm's quarterly revenue was down 5.7% compared to the same quarter a year ago.

WPM has been the topic of several other reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company.

This is a summary of recent ratings and price targets for Mountain Province Diamonds and Silver Wheaton Corp, as reported by MarketBeat. Raymond James Financial, Inc. restated an "outperform" rating and set a $27.00 price target on shares of Silver Wheaton Corp in a report on Sunday, June 18th.

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Wheaton Precious Metals Corp (TSE:WPM) had its target price decreased by equities research analysts at Canaccord Genuity from C$35.00 to C$34.00 in a research note issued on Friday.

TRADEMARK VIOLATION WARNING: This report was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. The original version of this piece can be accessed at https://transcriptdaily.com/2017/08/13/cibc-lowers-wheaton-precious-metals-corp-tsewpm-price-target-to-c24-00.html.

Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Wheaton Precious Metals Corp by 1.0% in the first quarter. Highland Capital Management Lp acquired 17,541 shares as Edwards Lifesciences Corp (EW)'s stock rose 25.80%. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Silver Wheaton Corp during the second quarter valued at about $1,938,000. WPM's total short interest was 4.31 million shares in August as published by FINRA. Kopernik Global Investors Llc acquired 1.30 million shares as Silver Wheaton Corp (SLW)'s stock 0.00%.

Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada pure precious metals streaming firm engaged in the sale of silver and gold. The stock has a 50-day moving average price of $19.76 and a 200 day moving average price of $20.43. The company has a market capitalization of $10.69 billion and a P/E ratio of 39.98.

The Company has entered into long-term purchase agreements and early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to mining assets, whereby Silver Wheaton acquires silver and gold production at various mines.

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