Morgens Waterfall Vintiadis Co Inc Exits Position in Silver Wheaton Corp. (USA) (SLW)

Silver Wheaton Corp. (USA) (SLW) : Morgens Waterfall Vintiadis Co Inc 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 Oct 12, 2016 with the SEC. The investment management company has sold out 20,000 shares of Silver Wheaton Corp. (USA) which is valued at $451,400.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in SLW by selling 290 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 50,933 shares of SLW which is valued at $1,149,558. Silver Wheaton Corp. (USA) makes up approx 0.03% of Capstone Asset Management Co’s portfolio. Beacon Capital Management sold out all of its stake in SLW during the most recent quarter. The investment firm sold 745 shares of SLW which is valued $17,031.Cutler Group Lp boosted its stake in SLW in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 9,548 shares of Silver Wheaton Corp. (USA) which is valued at $218,267. Silver Wheaton Corp. (USA) makes up approx 0.01% of Cutler Group Lp’s portfolio.Simplex Trading reduced its stake in SLW by selling 22,681 shares or 55.67% in the most recent quarter. The Hedge Fund company now holds 18,062 shares of SLW which is valued at $407,840. Silver Wheaton Corp. (USA) makes up approx 0.05% of Simplex Trading’s portfolio.Eqis Capital Management boosted its stake in SLW in the latest quarter, The investment management firm added 277 additional shares and now holds a total of 10,421 shares of Silver Wheaton Corp. (USA) which is valued at $242,184. Silver Wheaton Corp. (USA) makes up approx 0.02% of Eqis Capital Management’s portfolio.

Silver Wheaton Corp. (USA) closed down -0.29 points or -1.27% at $22.57 with 48,85,875 shares getting traded on Tuesday. Post opening the session at $22.62, the shares hit an intraday low of $22.36 and an intraday high of $23.07 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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). Deutsche Bank Initiated Silver Wheaton Corp. (USA) on Sep 9, 2016 to “Buy”, Price Target of the shares are set at $37.

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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