Addenda Capital buys $38,695,072 stake in Silver Wheaton Corp. (USA) (SLW)

Silver Wheaton Corp. (USA) (SLW) : Addenda Capital scooped up 75,775 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 10, 2016. The investment management firm now holds a total of 1,269,940 shares of Silver Wheaton Corp. (USA) which is valued at $38,695,072.Silver Wheaton Corp. (USA) makes up approximately 3.04% of Addenda Capital’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. sold out all of its stake in SLW during the most recent quarter. The investment firm sold 81,237 shares of SLW which is valued $2,475,291.National Planning Corp reduced its stake in SLW by selling 953 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 25,902 shares of SLW which is valued at $756,856. Silver Wheaton Corp. (USA) makes up approx 0.06% of National Planning Corp’s portfolio. William Blair Investment Management added SLW to its portfolio by purchasing 1,031,346 company shares during the most recent quarter which is valued at $31,528,247. Silver Wheaton Corp. (USA) makes up approx 0.12% of William Blair Investment Management’s portfolio.World Asset Management Inc boosted its stake in SLW in the latest quarter, The investment management firm added 3,132 additional shares and now holds a total of 26,214 shares of Silver Wheaton Corp. (USA) which is valued at $761,255. Silver Wheaton Corp. (USA) makes up approx 0.03% of World Asset Management Inc’s portfolio.

Silver Wheaton Corp. (USA) closed down -1.33 points or -4.35% at $29.26 with 61,86,747 shares getting traded on Friday. Post opening the session at $29.95, the shares hit an intraday low of $29.2 and an intraday high of $30.18 and the price fluctuated in this range throughout the day.Shares ended Friday 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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