Silver Wheaton Corp. (USA) (SLW) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.13. The company posted revenue of $212.00 million in the period, compared to analysts expectations of $200.73 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Silver Wheaton Corp. (USA). Silver Wheaton Corp. (USA) was Downgraded by Standpoint Research to ” Hold” on Jul 11, 2016. Silver Wheaton Corp. (USA) was Upgraded by Credit Suisse to ” Outperform” on Jun 30, 2016.
Silver Wheaton Corp. (USA) opened for trading at $28.8 and hit $29.46 on the upside on Monday, eventually ending the session at $29.22, with a gain of 1.42% or 0.41 points. The heightened volatility saw the trading volume jump to 44,22,612 shares. Company has a market cap of $12,857 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.