Silver Wheaton Corp. (NYSE:SLW) shares dropped 2.6% during mid-day trading on Wednesday . The stock traded as low as $25.24 and last traded at $25.69, with a volume of 3,669,904 shares. The stock had previously closed at $26.37.

SLW has been the topic of several recent research reports. Vetr upgraded Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $17.88 price target on the stock in a research report on Thursday, March 31st. Credit Suisse Group AG restated a “neutral” rating and issued a $24.50 price target on shares of Silver Wheaton Corp. in a research report on Friday, April 1st. Royal Bank Of Canada raised their price target on Silver Wheaton Corp. from $20.00 to $21.00 in a research report on Tuesday, April 12th. Barclays PLC lowered Silver Wheaton Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $18.00 to $17.00 in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. lowered Silver Wheaton Corp. from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Monday, April 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Silver Wheaton Corp. has an average rating of “Buy” and an average target price of $22.67.

The stock’s market cap is $11.20 billion. The company’s 50 day moving average price is $22.56 and its 200 day moving average price is $17.71.

Silver Wheaton Corp. (NYSE:SLW) last posted its 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. The business had revenue of $188 million for the quarter, compared to analysts’ expectations of $185.25 million. The firm’s quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. Equities research analysts anticipate that Silver Wheaton Corp. will post $0.66 EPS for the current year.

Other large investors recently modified their holdings of the company. Trexquant Investment LP bought a new stake in shares of Silver Wheaton Corp. during the fourth quarter valued at about $1,125,000. Nationwide Fund Advisors raised 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 raised 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. Comerica Bank raised 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. Finally, Russell Frank Co raised its stake 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 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.

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