Shares of Silver Wheaton Corp. (NYSE:SLW) shot up 2.5% during mid-day trading on Monday . The stock traded as high as $28.60 and last traded at $28.56, with a volume of 3,912,462 shares changing hands. The stock had previously closed at $27.87.

Several brokerages recently issued reports on SLW. Zacks Investment Research upgraded shares of Silver Wheaton Corp. from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a report on Wednesday, July 13th. Standpoint Research downgraded Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. HSBC reaffirmed a “buy” rating on shares of Silver Wheaton Corp. in a research report on Thursday, July 7th. Credit Suisse Group AG raised Silver Wheaton Corp. from a “neutral” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Thursday, June 30th. Finally, Vetr raised 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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.67.

The firm’s market capitalization is $12.58 billion. The firm has a 50 day moving average of $24.01 and a 200-day moving average of $18.44.

Silver Wheaton Corp. (NYSE:SLW) last released its earnings results on Monday, May 9th. The mining company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The company earned $188 million during the quarter, compared to analysts’ expectations of $185.25 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 43.5% compared to the same quarter last year. On average, equities analysts forecast that Silver Wheaton Corp. will post $0.67 EPS for the current year.

A number of institutional investors have added to or reduced their stakes in SLW. Trexquant Investment LP acquired a new position in Silver Wheaton Corp. during the fourth quarter valued at $1,125,000. Nationwide Fund Advisors increased its position in 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 during the period. Gulf International Bank UK Ltd increased its position 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. Comerica Bank increased its position in 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 during the period. Finally, State of Wisconsin Investment Board increased its position 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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