Revenue Update on Silver Wheaton Corp. (USA)(NYSE:SLW)

Silver Wheaton Corp. (USA)(NYSE:SLW) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $258.491M. Analysts estimated a revenue of $247.330M. The revenues were 4.51% above the estimates. Earnings per share were $0.19. The reported EPS was above estimates by 11.76%. Analysts had estimated an EPS of $0.17.

Silver Wheaton Corp. (USA) (SLW) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.34% at a volume of 37,18,620. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.785. The peak price level was also seen at $20.785 while the days lowest was $20.38. Finally the shares closed at $20.54. The 52-week high of the shares is $31.35 while the 52-week low is $15.7. According to the latest information available, the market cap of the company is $9,068 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.

Add Comment