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

SLW has been the topic of a number of research analyst reports. Vetr upgraded Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $17.88 target price on the stock in a research note on Thursday, March 31st. Raymond James Financial Inc. upgraded Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 20th. TD Securities restated a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Silver Wheaton Corp. in a research note on Sunday, March 20th. Zacks Investment Research lowered Silver Wheaton Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, Credit Suisse Group AG upgraded Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.62.

The firm’s market capitalization is $11.35 billion. The company’s 50-day moving average price is $21.14 and its 200-day moving average price is $17.01.

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 Zacks’ consensus estimate of $0.12 by $0.02. The business earned $188 million during the quarter, compared to analyst estimates of $185.25 million. The firm’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, equities research analysts forecast that Silver Wheaton Corp. will post $0.59 earnings per share for the current fiscal year.

Other large investors have bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in 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 worth $18,307,000 after buying an additional 765,496 shares in the last quarter. Trexquant Investment LP acquired a new stake in Silver Wheaton Corp. during the fourth quarter worth approximately $1,125,000. Morgan Stanley boosted its stake in Silver Wheaton Corp. by 9.8% in the fourth quarter. Morgan Stanley now owns 2,032,861 shares of the mining company’s stock worth $25,249,000 after buying an additional 182,197 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Silver Wheaton Corp. by 7.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 114,645 shares of the mining company’s stock worth $1,426,000 after buying an additional 8,000 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in Silver Wheaton Corp. by 33.0% in the fourth quarter. State of Wisconsin Investment Board now owns 581,257 shares of the mining company’s stock worth $7,197,000 after buying an additional 144,222 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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