Shares of Silver Wheaton Corp. (NYSE:SLW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.83 and last traded at $26.81, with a volume of 5,816,265 shares trading hands. The stock had previously closed at $25.81.

A number of brokerages have issued reports on SLW. Vetr upgraded shares of Silver Wheaton Corp. from a “sell” rating to a “hold” rating and set a $18.77 price target on the stock in a report on Wednesday, May 4th. Zacks Investment Research upgraded shares of Silver Wheaton Corp. from a “sell” rating to a “hold” rating and set a $29.00 target price on the stock in a report on Wednesday, July 13th. JPMorgan Chase & Co. downgraded shares of Silver Wheaton Corp. from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, April 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $27.00 target price on shares of Silver Wheaton Corp. in a report on Friday, April 15th. Finally, HSBC restated a “buy” rating on shares of Silver Wheaton Corp. in a report on Thursday, July 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.67.

The company’s market capitalization is $11.85 billion. The stock’s 50 day moving average is $23.65 and its 200-day moving average is $18.26.

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

A number of hedge funds and institutional investors have recently modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of Silver Wheaton Corp. during the fourth quarter worth about $1,125,000. Nationwide Fund Advisors increased its position 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 increased its position 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 increased its position 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 increased its position 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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