Silver Wheaton Corp. (USA) (SLW) : Arete Wealth Advisors added new position in Silver Wheaton Corp. (USA) during the most recent quarter end. The investment management firm now holds 205,103 shares of Silver Wheaton Corp. (USA) which is valued at $3.9 Million , the company said in a statement filed on May 13, 2016 with the SEC.Silver Wheaton Corp. (USA) makes up approximately 2.47% of Arete Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Frontier Investment Mgmt Co reduced its stake in SLW by selling 98,632 shares or 85.62% in the most recent quarter. The Hedge Fund company now holds 16,568 shares of SLW which is valued at $318,271. Silver Wheaton Corp. (USA) makes up approx 0.04% of Frontier Investment Mgmt Co’s portfolio. Risk Paradigm Group added SLW to its portfolio by purchasing 770 company shares during the most recent quarter which is valued at $14,792. Silver Wheaton Corp. (USA) makes up approx 0.02% of Risk Paradigm Group’s portfolio.Manufacturers Life Insurance Company The boosted its stake in SLW in the latest quarter, The investment management firm added 60,865 additional shares and now holds a total of 1,115,152 shares of Silver Wheaton Corp. (USA) which is valued at $21.4 Million. Silver Wheaton Corp. (USA) makes up approx 0.03% of Manufacturers Life Insurance Company The’s portfolio.
Silver Wheaton Corp. (USA) opened for trading at $18.25 and hit $18.84 on the upside on Wednesday, eventually ending the session at $18.78, with a gain of 2.34% or 0.43 points. The heightened volatility saw the trading volume jump to 59,65,145 shares. Company has a market cap of $8,263 M.
On the company’s financial health, Silver Wheaton Corp. (USA) reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.12. The company had revenue of $188.00 million for the quarter, compared to analysts expectations of $191.97 million. The company’s revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 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.