Kopernik Global Investors buys $46,930,008 stake in Silver Wheaton Corp. (USA) (SLW)

Silver Wheaton Corp. (USA) (SLW) : Kopernik Global Investors scooped up 107,987 additional shares in Silver Wheaton Corp. (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,606,092 shares of Silver Wheaton Corp. (USA) which is valued at $46,930,008.Silver Wheaton Corp. (USA) makes up approximately 7.74% of Kopernik Global Investors’s portfolio.

Other Hedge Funds, Including , Global X Management Co boosted its stake in SLW in the latest quarter, The investment management firm added 445,277 additional shares and now holds a total of 1,791,286 shares of Silver Wheaton Corp. (USA) which is valued at $54,759,613. Silver Wheaton Corp. (USA) makes up approx 2.64% of Global X Management Co’s portfolio. Prospera Financial Services Inc added SLW to its portfolio by purchasing 8,600 company shares during the most recent quarter which is valued at $231,684. Silver Wheaton Corp. (USA) makes up approx 0.05% of Prospera Financial Services Inc’s portfolio. Willingdon Wealth Management added SLW to its portfolio by purchasing 167,717 company shares during the most recent quarter which is valued at $4,385,800. Silver Wheaton Corp. (USA) makes up approx 2.18% of Willingdon Wealth Management’s portfolio.

Silver Wheaton Corp. (USA) closed down -0.56 points or -1.81% at $30.32 with 66,36,826 shares getting traded on Wednesday. Post opening the session at $30.57, the shares hit an intraday low of $29.48 and an intraday high of $30.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Aug 10, 2016. Analyst had a consensus of $0.13. The company had revenue of $212.00 million for the quarter, compared to analysts expectations of $200.73 million. The company’s revenue was up 29.3% 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 Downgraded by Standpoint Research to ” Hold” on Jul 11, 2016. Silver Wheaton Corp. (USA) was Upgraded by Credit Suisse to ” Outperform” on Jun 30, 2016.

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.

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