Silver Wheaton Corp. (NYSE:SLW) shares traded up 3% during trading on Wednesday . The company traded as high as $26.26 and last traded at $26.16, with a volume of 2,938,011 shares changing hands. The stock had previously closed at $25.41.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Silver Wheaton Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday. Standpoint Research lowered shares of Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research report on Monday. HSBC restated a “buy” rating on shares of Silver Wheaton Corp. in a research report on Thursday, July 7th. Credit Suisse Group AG upgraded shares of Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Thursday, June 30th. Finally, Vetr upgraded shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, May 30th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.62.

The stock’s market capitalization is $11.52 billion. The company’s 50-day moving average is $21.54 and its 200 day moving average is $17.24.

Silver Wheaton Corp. (NYSE:SLW) last announced its quarterly earnings data 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 last year, the firm earned $0.13 EPS. The firm had revenue of $188 million for the quarter, compared to analysts’ expectations of $185.25 million. Silver Wheaton Corp.’s revenue for the quarter was up 43.5% on a year-over-year basis. On average, analysts predict that Silver Wheaton Corp. will post $0.61 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Trexquant Investment LP purchased a new stake in shares of Silver Wheaton Corp. during the fourth quarter valued at approximately $1,125,000. Nationwide Fund Advisors increased its stake in shares of Silver Wheaton Corp. by 262.0% in the fourth quarter. Nationwide Fund Advisors now owns 96,319 shares of the mining company’s stock valued at $1,196,000 after buying an additional 69,710 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of 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 valued at $1,426,000 after buying an additional 8,000 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Silver Wheaton Corp. during the fourth quarter valued at approximately $1,462,000. Finally, Comerica Bank increased its stake in shares of Silver Wheaton Corp. by 7.9% in the fourth quarter. Comerica Bank now owns 130,136 shares of the mining company’s stock valued at $1,662,000 after buying an additional 9,495 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.