Fox Run Management L.l.c. adds Silver Wheaton Corp. (USA) (SLW) to its portfolio

Silver Wheaton Corp. (USA) (SLW) : Fox Run Management L.l.c. added new position in Silver Wheaton Corp. (USA) during the most recent quarter end. The investment management firm now holds 49,500 shares of Silver Wheaton Corp. (USA) which is valued at $910,305 , the company said in a statement filed on Apr 18, 2016 with the SEC.Silver Wheaton Corp. (USA) makes up approximately 0.59% of Fox Run Management L.l.c.’s portfolio.

Silver Wheaton Corp. (USA) closed down -0.68 points or -3.57% at $18.39 with 68,58,506 shares getting traded on Friday. Post opening the session at $19.13, the shares hit an intraday low of $18.25 and an intraday high of $19.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Simplex Trading boosted its stake in SLW in the latest quarter, The investment management firm added 8,539 additional shares and now holds a total of 9,273 shares of Silver Wheaton Corp. (USA) which is valued at $158,105. Silver Wheaton Corp. (USA) makes up approx 0.02% of Simplex Trading’s portfolio. Hexavest added SLW to its portfolio by purchasing 19,899 company shares during the most recent quarter which is valued at $339,278. Silver Wheaton Corp. (USA) makes up approx 0.01% of Hexavest’s portfolio.Creative Planning reduced its stake in SLW by selling 2,551 shares or 7.16% in the most recent quarter. The Hedge Fund company now holds 33,084 shares of SLW which is valued at $570,037.British Columbia Investment Management Corp boosted its stake in SLW in the latest quarter, The investment management firm added 8,200 additional shares and now holds a total of 61,600 shares of Silver Wheaton Corp. (USA) which is valued at $1,061,368. Silver Wheaton Corp. (USA) makes up approx 0.01% of British Columbia Investment Management Corp’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.

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