Silver Wheaton Corp. (USA) (SLW) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Apr 18, 2016.
On the company’s financial health, Silver Wheaton Corp. (USA) reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 16, 2016. Analyst had a consensus of $0.13. The company had revenue of $200.50 million for the quarter, compared to analysts expectations of $181.40 million. The company’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
Silver Wheaton Corp. (USA) opened for trading at $16.84 and hit $17.13 on the upside on Friday, eventually ending the session at $17.05, with a gain of 1.49% or 0.25 points. The heightened volatility saw the trading volume jump to 65,30,231 shares. Company has a market cap of $6,889 M.
Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31 2014 Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements) relating to 27 different mining assets whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract generally at or below the prevailing market price. As of December 31 2014 gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu Lagunas Norte and Pierina in Peru; 777 Canada; Salobo Brazil; Sudbury and Minto in Canada; Veladero Argentina; Zinkgruvan Sweden and Neves-Corvo and Aljustrel in Portugal.