Baring Asset Management Ltd buys $14,321,211 stake in Silver Wheaton Corp. (USA) (SLW)

Silver Wheaton Corp. (USA) (SLW) : Baring Asset Management Ltd scooped up 2,584 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 Apr 25, 2016. The investment management firm now holds a total of 683,590 shares of Silver Wheaton Corp. (USA) which is valued at $14,321,211.Silver Wheaton Corp. (USA) makes up approximately 1.18% of Baring Asset Management Ltd’s portfolio.

Silver Wheaton Corp. (USA) closed down -0.71 points or -3.39% at $20.24 with 95,90,101 shares getting traded on Monday. Post opening the session at $21.08, the shares hit an intraday low of $19.975 and an intraday high of $21.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Sheaff Brock Investment Advisors reduced its stake in SLW by selling 1,300 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 80,493 shares of SLW which is valued at $1,686,328. Silver Wheaton Corp. (USA) makes up approx 0.21% of Sheaff Brock Investment Advisors’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in SLW in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 124,645 shares of Silver Wheaton Corp. (USA) which is valued at $2,292,222. Silver Wheaton Corp. (USA) makes up approx 0.04% of Gulf International Bank (uk) Ltd’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.Financial Investment Management Group Ltd boosted its stake in SLW in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 508,352 shares of Silver Wheaton Corp. (USA) which is valued at $8,667,402. Silver Wheaton Corp. (USA) makes up approx 2.29% of Financial Investment Management Group Ltd’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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