SG Americas Securities LLC acquired a new position in Silver Wheaton Corp (NYSE:WPM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,346 shares of the company’s stock, valued at approximately $146,000.
Other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC purchased a new stake in shares of Silver Wheaton Corp in the second quarter worth approximately $159,000. First Manhattan Co. purchased a new stake in shares of Silver Wheaton Corp in the second quarter worth approximately $236,000. IFP Advisors Inc purchased a new stake in shares of Silver Wheaton Corp in the second quarter worth approximately $393,000. World Asset Management Inc purchased a new stake in shares of Silver Wheaton Corp in the second quarter worth approximately $517,000. Finally, Capstone Asset Management Co. purchased a new stake in shares of Silver Wheaton Corp in the second quarter worth approximately $1,082,000. 48.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Silver Wheaton Corp (WPM) opened at 19.23 on Friday. The stock has a market capitalization of $8.50 billion, a P/E ratio of 38.38 and a beta of 0.33. The company’s 50 day moving average price is $19.84 and its 200-day moving average price is $20.10. Silver Wheaton Corp has a 12 month low of $16.94 and a 12 month high of $29.53.
Silver Wheaton Corp (NYSE:WPM) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. 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 for the quarter, compared to analysts’ expectations of $217.81 million. During the same period in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities analysts predict that Silver Wheaton Corp will post $0.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a $0.10 dividend. This is a boost from Silver Wheaton Corp’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Wednesday, August 23rd. Silver Wheaton Corp’s payout ratio is currently 80.00%.
Several analysts have recently commented on the company. BMO Capital Markets reissued a “buy” rating and issued a $28.00 price objective on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price target (down from $27.00) on shares of Silver Wheaton Corp in a research report on Tuesday, September 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $29.00 price target (down from $31.00) on shares of Silver Wheaton Corp in a research report on Sunday, June 25th. Zacks Investment Research raised Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $27.00 price target on shares of Silver Wheaton Corp in a research report on Sunday, June 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.25.
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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