Advisory Services Network LLC Purchases New Position in Silver Wheaton Corp (WPM)

Advisory Services Network LLC purchased a new position in shares of Silver Wheaton Corp (NYSE:WPM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 91,292 shares of the company’s stock, valued at approximately $1,816,000.

Several other hedge funds have also modified their holdings of WPM. Swiss National Bank bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $79,348,000. Intact Investment Management Inc. bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $20,082,000. State of Tennessee Treasury Department bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $7,911,000. JPMorgan Chase & Co. bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $4,600,000. Finally, Delta Lloyd Asset Management N.V. bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $2,932,000. 48.09% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/15/advisory-services-network-llc-purchases-new-position-in-silver-wheaton-corp-wpm.html.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $28.00 price target on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price target (down from $27.00) on shares of Silver Wheaton Corp in a research note on Tuesday, September 5th. Deutsche Bank AG reissued a “hold” rating and set a $29.00 price target (down from $31.00) on shares of Silver Wheaton Corp in a research note on Sunday, June 25th. Zacks Investment Research raised Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $27.00 price target on shares of Silver Wheaton Corp in a research note on Sunday, June 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Silver Wheaton Corp presently has a consensus rating of “Buy” and a consensus target price of $27.25.

Shares of Silver Wheaton Corp (NYSE:WPM) traded up 0.40% during midday trading on Friday, hitting $20.32. The company had a trading volume of 1,861,396 shares. The company has a market capitalization of $8.98 billion, a PE ratio of 40.56 and a beta of 0.27. The company has a 50-day moving average of $19.84 and a 200-day moving average of $20.10. Silver Wheaton Corp has a 12 month low of $16.94 and a 12 month high of $25.27.

Silver Wheaton Corp (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $200.00 million during the quarter, compared to analyst estimates of $217.81 million. Silver Wheaton Corp had a return on equity of 5.90% and a net margin of 25.05%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. Analysts predict that Silver Wheaton Corp will post $0.61 earnings per share for the current year.

Silver Wheaton Corp Company Profile

Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious m

Several other hedge funds have also modified their holdings of WPM. Swiss National Bank bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $79,348,000. Intact Investment Management Inc. bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $20,082,000. State of Tennessee Treasury Department bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $7,911,000. JPMorgan Chase & Co. bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $4,600,000. Finally, Delta Lloyd Asset Management N.V. bought a new stake in shares of Silver Wheaton Corp during the 2nd quarter worth approximately $2,932,000. 48.09% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/15/advisory-services-network-llc-purchases-new-position-in-silver-wheaton-corp-wpm.html.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $28.00 price target on shares of Silver Wheaton Corp in a research note on Wednesday, September 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price target (down from $27.00) on shares of Silver Wheaton Corp in a research note on Tuesday, September 5th. Deutsche Bank AG reissued a “hold” rating and set a $29.00 price target (down from $31.00) on shares of Silver Wheaton Corp in a research note on Sunday, June 25th. Zacks Investment Research raised Silver Wheaton Corp from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $27.00 price target on shares of Silver Wheaton Corp in a research note on Sunday, June 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Silver Wheaton Corp presently has a consensus rating of “Buy” and a consensus target price of $27.25.

Shares of Silver Wheaton Corp (NYSE:WPM) traded up 0.40% during midday trading on Friday, hitting $20.32. The company had a trading volume of 1,861,396 shares. The company has a market capitalization of $8.98 billion, a PE ratio of 40.56 and a beta of 0.27. The company has a 50-day moving average of $19.84 and a 200-day moving average of $20.10. Silver Wheaton Corp has a 12 month low of $16.94 and a 12 month high of $25.27.

Silver Wheaton Corp (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $200.00 million during the quarter, compared to analyst estimates of $217.81 million. Silver Wheaton Corp had a return on equity of 5.90% and a net margin of 25.05%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. Analysts predict that Silver Wheaton Corp will post $0.61 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Silver Wheaton Corp (NYSE:WPM)

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