Silver Wheaton Corp. (NYSE:SLW) shares dropped 2.5% during mid-day trading on Thursday . The company traded as low as $24.43 and last traded at $24.97, with a volume of 6,116,189 shares traded. The stock had previously closed at $25.61.

SLW has been the topic of a number of recent analyst reports. Vetr downgraded shares of Silver Wheaton Corp. from a “strong-buy” rating to a “buy” rating and set a $17.88 price target on the stock. in a research report on Wednesday, April 6th. Barclays PLC restated a “buy” rating on shares of Silver Wheaton Corp. in a research report on Saturday, March 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $27.00 price target on shares of Silver Wheaton Corp. in a research report on Tuesday, May 17th. Raymond James Financial Inc. upgraded shares of Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 20th. Finally, HSBC restated a “buy” rating on shares of Silver Wheaton Corp. in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $22.62.

The stock has a 50 day moving average of $20.95 and a 200-day moving average of $16.92. The stock’s market capitalization is $10.96 billion.

Silver Wheaton Corp. (NYSE:SLW) last issued its earnings results on Monday, May 9th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.02. During the same quarter last year, the company earned $0.13 EPS. The firm had revenue of $188 million for the quarter, compared to analysts’ expectations of $185.25 million. The business’s revenue was up 43.5% on a year-over-year basis. Equities research analysts expect that Silver Wheaton Corp. will post $0.59 earnings per share for the current year.

Several hedge funds and institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Silver Wheaton Corp. by 108.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,474,028 shares of the mining company’s stock valued at $18,307,000 after buying an additional 765,496 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Silver Wheaton Corp. by 48.5% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,559,775 shares of the mining company’s stock valued at $26,828,000 after buying an additional 509,100 shares in the last quarter. Russell Frank Co boosted its position in shares of 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. American Century Companies Inc. boosted its position in shares of 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 valued at $14,128,000 after buying an additional 311,597 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Silver Wheaton Corp. by 9.8% in the fourth quarter. Morgan Stanley now owns 2,032,861 shares of the mining company’s stock valued at $25,249,000 after buying an additional 182,197 shares in the last quarter.

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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