Talkot Capital Exits Position in Silver Wheaton Corp. (USA) (SLW)

Silver Wheaton Corp. (USA) (SLW) : Talkot Capital has sold out all of its stake in Silver Wheaton Corp. (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 75,000 shares of Silver Wheaton Corp. (USA) which is valued at $2,285,250.

Other Hedge Funds, Including , Counsel Portfolio Services added SLW to its portfolio by purchasing 42,976 company shares during the most recent quarter which is valued at $1,309,479. Silver Wheaton Corp. (USA) makes up approx 0.13% of Counsel Portfolio Services’s portfolio. Kayne Anderson Rudnick Investment Management sold out all of its stake in SLW during the most recent quarter. The investment firm sold 180,735 shares of SLW which is valued $5,281,077.Cibc Asset Management Inc reduced its stake in SLW by selling 21,954 shares or 8.13% in the most recent quarter. The Hedge Fund company now holds 248,095 shares of SLW which is valued at $7,204,679. Silver Wheaton Corp. (USA) makes up approx 0.05% of Cibc Asset Management Inc’s portfolio.Cypress Asset Management Inctx boosted its stake in SLW in the latest quarter, The investment management firm added 2,336 additional shares and now holds a total of 31,441 shares of Silver Wheaton Corp. (USA) which is valued at $800,488. Silver Wheaton Corp. (USA) makes up approx 0.16% of Cypress Asset Management Inctx’s portfolio.

Silver Wheaton Corp. (USA) opened for trading at $26.25 and hit $27.11 on the upside on Monday, eventually ending the session at $26.82, with a gain of 0.98% or 0.26 points. The heightened volatility saw the trading volume jump to 46,44,946 shares. Company has a market cap of $11,807 M.

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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