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

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

The company’s 50-day moving average is $22.97 and its 200-day moving average is $17.83. The firm’s market capitalization is $11.40 billion.

Silver Wheaton Corp. (NYSE:SLW) last announced its quarterly earnings data on Monday, May 9th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.02. The company had revenue of $188 million for the quarter, compared to analysts’ expectations of $185.25 million. The company’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. Equities research analysts forecast that Silver Wheaton Corp. will post $0.66 EPS for the current fiscal year.

Several large investors 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 worth 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 worth $1,196,000 after buying an additional 69,710 shares in 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 worth $1,426,000 after buying an additional 8,000 shares in 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 worth $1,662,000 after buying an additional 9,495 shares in 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 worth $6,450,000 after buying an additional 468,356 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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