Silver Wheaton Corp. (NYSE:SLW) reached a new 52-week high during trading on Tuesday . The company traded as high as $29.66 and last traded at $29.62, with a volume of 1,684,048 shares trading hands. The stock had previously closed at $29.22.

A number of research firms have recently commented on SLW. Vetr raised shares of Silver Wheaton Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Monday, May 30th. Barclays PLC lowered shares of Silver Wheaton Corp. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Monday, April 18th. Royal Bank Of Canada upped their price objective on shares of Silver Wheaton Corp. from $20.00 to $21.00 in a research note on Tuesday, April 12th. BMO Capital Markets raised shares of Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Finally, Standpoint Research downgraded shares of Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Silver Wheaton Corp. has a consensus rating of “Buy” and a consensus price target of $24.23.

The company’s 50 day moving average is $25.40 and its 200 day moving average is $19.28. The stock’s market capitalization is $13.11 billion.

Other institutional investors recently bought and sold shares of the company. Morgan Stanley raised its position in Silver Wheaton Corp. by 9.8% in the fourth quarter. Morgan Stanley now owns 2,032,861 shares of the mining company’s stock valued at $25,249,000 after buying an additional 182,197 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Silver Wheaton Corp. during the fourth quarter worth $1,125,000. Nationwide Fund Advisors raised 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 during the period. Comerica Bank raised 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 during the period. Finally, Gulf International Bank UK Ltd raised 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 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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