For the second quarter Silver Wheaton reported earnings of 18 cents a share, missing the Capital IQ Consensus Estimate of 20 cents a share by 2 cents. Revenue fell -11% year-over-year to $148.6 million for the quarter, missing analysts’ estimates of $169.5 million.
Silver equivalent production was 8.4 million ounces for the second quarter, down 4% from the year-ago quarter. Silver Wheaton said silver equivalent realized price fell to $19.83 an ounce in the quarter, down from $23.05 an ounce in the second quarter of 2013.
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TheStreet Ratings team rates SILVER WHEATON CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SILVER WHEATON CORP (SLW) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow."