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Silver Wheaton Corp’s stock has reached an unprecedented peak, touching an all-time high of $71, with a substantial market capitalization of $32.1 billion. According to InvestingPro analysis, the company maintains a "GREAT" financial health score of 3.11. This milestone underscores a remarkable period of growth for the company, which has seen its stock value surge by 63.29% over the past year. Investors have shown increasing confidence in Silver Wheaton (TSX:WPM)’s performance and prospects, propelling the stock to new heights and outpacing many of its competitors in the precious metals sector. The company trades at a P/E ratio of 52.6 and has maintained dividend payments for 14 consecutive years, though current valuations suggest the stock may be trading above its Fair Value. The company’s strategic initiatives and robust financial health are likely contributing factors to this impressive year-over-year change, signaling a strong market position and potential for continued success. Discover 15 additional key insights about Silver Wheaton with an InvestingPro subscription, including detailed valuation metrics and growth forecasts.
In other recent news, Berenberg analysts maintained their Buy rating for Wheaton Precious Metals (NYSE:WPM) with a price target of $72.00, citing expectations for strong production results in 2024. The analysts revised their model for Wheaton, taking into account the positive fourth-quarter performance of the Salobo mine in Brazil, operated by Vale. Berenberg forecasts Wheaton’s gold-equivalent production to reach the upper end of the company’s guidance range at 616,000 ounces. The firm’s revenue projection for 2024 stands at $1.28 billion, with EBITDA at $982 million and earnings per share at $1.42, aligning closely with Visible Alpha’s consensus estimates. For 2025, Berenberg anticipates revenue of $1.45 billion, EBITDA of $1.13 billion, and EPS of $1.66, which is slightly more conservative compared to Visible Alpha’s projections. The differences in forecasts are attributed to expectations of modestly lower volumes of gold and silver and slightly lower metal prices. Investors are keenly awaiting Wheaton’s official production and sales results, expected later this month, to evaluate the company’s performance against these predictions.
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