Trade-Ideas LLC identified
) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Silver Wheaton as such a stock due to the following factors:
- SLW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $82.6 million.
- SLW is down 5.8% today from today's close.
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More details on SLW:
Silver Wheaton Corp. operates as a precious metals streaming company worldwide. It has 19 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold relating to various 29 mining assets. The stock currently has a dividend yield of 1.1%. Currently there are 11 analysts that rate Silver Wheaton a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for Silver Wheaton has been 5.3 million shares per day over the past 30 days. Silver Wheaton has a market cap of $7.0 billion and is part of the basic materials sector and metals & mining industry. Shares are up 43.2% year-to-date as of the close of trading on Tuesday.
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rates Silver Wheaton as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
Highlights from the ratings report include:
- SLW's debt-to-equity ratio is very low at 0.15 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 4.82, which clearly demonstrates the ability to cover short-term cash needs.
- Despite the weak revenue results, SLW has significantly outperformed against the industry average of 39.7%. Since the same quarter one year prior, revenues slightly dropped by 7.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- SILVER WHEATON CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, SILVER WHEATON CORP reported lower earnings of $0.55 versus $1.05 in the prior year. This year, the market expects an improvement in earnings ($0.58 versus $0.55).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 2234.5% when compared to the same quarter one year ago, falling from $4.49 million to -$95.93 million.
- The share price of SILVER WHEATON CORP has not done very well: it is down 16.08% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
- You can view the full Silver Wheaton Ratings Report.