Silver Wheaton Corp. (NYSE:SLW) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.32 and last traded at $26.14, with a volume of 3,769,973 shares traded. The stock had previously closed at $25.79.

SLW has been the subject of several recent analyst reports. Credit Suisse Group AG restated a “neutral” rating and set a $24.50 price objective on shares of Silver Wheaton Corp. in a research report on Friday, April 1st. Raymond James Financial Inc. raised shares of Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 target price on shares of Silver Wheaton Corp. in a research note on Friday, April 15th. HSBC reaffirmed a “buy” rating on shares of Silver Wheaton Corp. in a research note on Thursday. Finally, TD Securities reaffirmed a “buy” rating and set a $24.00 target price (up previously from $23.00) on shares of Silver Wheaton Corp. in a research note on Sunday, March 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $22.62.

The stock’s market capitalization is $11.48 billion. The stock has a 50-day moving average price of $21.14 and a 200 day moving average price of $17.01.

Silver Wheaton Corp. (NYSE:SLW) last posted its quarterly earnings data 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 firm had revenue of $188 million for the quarter, compared to the consensus estimate of $185.25 million. Silver Wheaton Corp.’s revenue was up 43.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Analysts forecast that Silver Wheaton Corp. will post $0.61 EPS for the current fiscal year.

A number of hedge funds have bought and sold shares of SLW. Dimensional Fund Advisors LP increased 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 during the period. Trexquant Investment LP acquired a new stake in Silver Wheaton Corp. during the fourth quarter worth about $1,125,000. Morgan Stanley increased 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 during the period. Gulf International Bank UK Ltd increased 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 during the period. Finally, State of Wisconsin Investment Board increased 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 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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