Shares of Silver Wheaton Corp. (NYSE:SLW) saw an uptick in trading volume on Tuesday . 6,917,600 shares traded hands during trading, a decline of 1% from the previous session’s volume of 6,998,785 shares.The stock last traded at $24.67 and had previously closed at $24.78.

Several research firms recently commented on SLW. Vetr lowered shares of Silver Wheaton Corp. from a “buy” rating to a “hold” rating and set a $17.97 price objective on the stock. in a research note on Tuesday, April 19th. Barclays PLC lowered shares of Silver Wheaton Corp. from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Monday, April 18th. TD Securities reissued a “buy” rating and set a $24.00 price objective (up previously from $23.00) on shares of Silver Wheaton Corp. in a research note on Sunday, March 20th. Raymond James Financial Inc. boosted their price objective on shares of Silver Wheaton Corp. from $21.00 to $24.00 in a research note on Monday, March 14th. Finally, Credit Suisse Group AG raised shares of Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.62.

The firm’s 50-day moving average price is $20.76 and its 200 day moving average price is $16.86. The company’s market cap is $10.83 billion.

Silver Wheaton Corp. (NYSE:SLW) last posted its quarterly earnings results on Monday, May 9th. The mining company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.02. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company had revenue of $188 million for the quarter, compared to the consensus estimate of $185.25 million. Silver Wheaton Corp.’s revenue for the quarter was up 43.5% compared to the same quarter last year. Analysts expect that Silver Wheaton Corp. will post $0.59 EPS for the current year.

A number of hedge funds and institutional investors recently bought and sold shares of the company. Russell Frank Co increased its position in Silver Wheaton Corp. by 835.5% in the fourth quarter. Russell Frank Co now owns 524,411 shares of the mining company’s stock valued at $6,450,000 after buying an additional 468,356 shares in the last quarter. Nationwide Fund Advisors increased its position in Silver Wheaton Corp. by 262.0% in the fourth quarter. Nationwide Fund Advisors now owns 96,319 shares of the mining company’s stock worth $1,196,000 after buying an additional 69,710 shares during the period. Great West Life Assurance Co. Can increased its position in Silver Wheaton Corp. by 5.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 497,794 shares of the mining company’s stock worth $6,169,000 after buying an additional 24,182 shares during the period. American Century Companies Inc. increased its position in Silver Wheaton Corp. by 37.7% in the fourth quarter. American Century Companies Inc. now owns 1,137,551 shares of the mining company’s stock worth $14,128,000 after buying an additional 311,597 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its position in Silver Wheaton Corp. by 14.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 333,978 shares of the mining company’s stock worth $4,148,000 after buying an additional 41,160 shares during the period.

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.

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