Why Silver Wheaton (SLW) Stock Is Falling Today

NEW YORK (TheStreet) -- Silver Wheaton (SLW) was fall -5.6% to $25.66 Thursday after missing analysts’ estimates in the second quarter due to low silver prices.

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.

Must read: Warren Buffett's 25 Favorite Stocks

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

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."

SLW ChartSLW data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Stocks Trade Lower as Amazon Rises, Apple and P&G Slump

Stocks Trade Lower as Amazon Rises, Apple and P&G Slump

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Soaring Nickel Prices Could Be Bad News for Electric Carmakers Like Tesla

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'

Video: The Road to S&P 500 2,800 Is 'Slow and Choppy'

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

Oil Stocks Jump as Global Crude Oil Rally Gains Steam