Silver Wheaton Corp. (USA) (SLW) : Icm Asset Management Incwa reduced its stake in Silver Wheaton Corp. (USA) by 11.3% during the most recent quarter end. The investment management company now holds a total of 131,740 shares of Silver Wheaton Corp. (USA) which is valued at $2,568,930 after selling 16,780 shares in Silver Wheaton Corp. (USA) , the firm said in a disclosure report filed with the SEC on May 2, 2016.Silver Wheaton Corp. (USA) makes up approximately 4.01% of Icm Asset Management Incwa’s portfolio.
Silver Wheaton Corp. (USA) opened for trading at $19.35 and hit $19.75 on the upside on Friday, eventually ending the session at $19.5, with a gain of 2.74% or 0.52 points. The heightened volatility saw the trading volume jump to 57,09,777 shares. Company has a market cap of $7,834 M.
Other Hedge Funds, Including , Quantitative Investment Management added SLW to its portfolio by purchasing 93,600 company shares during the most recent quarter which is valued at $1,825,200. Silver Wheaton Corp. (USA) makes up approx 0.09% of Quantitative Investment Management’s portfolio.Advisory Services Network boosted its stake in SLW in the latest quarter, The investment management firm added 10,233 additional shares and now holds a total of 13,898 shares of Silver Wheaton Corp. (USA) which is valued at $255,584. Silver Wheaton Corp. (USA) makes up approx 0.07% of Advisory Services Network’s portfolio.Next Financial Group Inc reduced its stake in SLW by selling 200 shares or 3.72% in the most recent quarter. The Hedge Fund company now holds 5,180 shares of SLW which is valued at $95,260. Silver Wheaton Corp. (USA) makes up approx 0.03% of Next Financial Group Inc’s portfolio.Bennicas Associates reduced its stake in SLW by selling 2,500 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 90,000 shares of SLW which is valued at $1,655,100. Silver Wheaton Corp. (USA) makes up approx 1.54% of Bennicas Associates’s portfolio.
On the company’s financial health, Silver Wheaton Corp. (USA) reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 16, 2016. Analyst had a consensus of $0.13. The company had revenue of $200.50 million for the quarter, compared to analysts expectations of $181.40 million. The company’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
Many Wall Street Analysts have commented on Silver Wheaton Corp. (USA). Silver Wheaton Corp. (USA) was Upgraded by Raymond James to ” Outperform” on Apr 20, 2016. Silver Wheaton Corp. (USA) was Downgraded by JP Morgan to ” Neutral” on Apr 18, 2016. Shares were Downgraded by Barclays on Apr 18, 2016 to ” Equal Weight” and Lowered the Price Target to $ 17 from a previous price target of $18 .
Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31 2014 Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements) relating to 27 different mining assets whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract generally at or below the prevailing market price. As of December 31 2014 gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu Lagunas Norte and Pierina in Peru; 777 Canada; Salobo Brazil; Sudbury and Minto in Canada; Veladero Argentina; Zinkgruvan Sweden and Neves-Corvo and Aljustrel in Portugal.