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What To Expect From Silver Wheaton?

The rise in the price of silver also pulled up shares of Silver Wheaton (NYSE:SLW) - shares added more than 20% since the beginning of the month. The company will release its third quarter earnings report on November 3rd. The second quarter earnings per shares reached $0.13 - in line with market expectations. This time, the consensus EPS is remained at $0.13. But besides the headline EPS figure, let's review a few more points to look for in SLW's upcoming earnings report.

Rising attributed production

This year the company expects its attributed production will reach 43.5 million silver equivalent oz., in which 62% will come from silver and the rest from gold. Back in 2014, the share of gold from total attributed output was 27%. Considering the gold market is a bit more stable than silver, this shift could provide a bit more stability to SLW's revenue stream. Based on the company's performance in the first half of the year and its annual guidance, the following table presents the growth in expected quarterly attributed production and sales of silver and gold.

Source: SLW and Author's calculations

As you can see, most of the growth in production will come...


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