Silver Wheaton Corp. (NYSE:SLW) was up 1.6% during trading on Wednesday . The stock traded as high as $30.85 and last traded at $30.24, with a volume of 4,289,290 shares traded. The stock had previously closed at $29.75.

Several research analysts have recently weighed in on SLW shares. 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 note on Thursday, June 30th. Raymond James Financial Inc. raised Silver Wheaton Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 20th. HSBC reaffirmed a “buy” rating on shares of Silver Wheaton Corp. in a research note on Thursday, July 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 target price on shares of Silver Wheaton Corp. in a research note on Friday, April 15th. Finally, Zacks Investment Research downgraded Silver Wheaton Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Four equities research analysts have rated the stock with a hold rating and eleven 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 $24.23.

The stock has a 50 day moving average price of $25.64 and a 200 day moving average price of $19.42. The company’s market capitalization is $13.27 billion.

Silver Wheaton Corp. (NYSE:SLW) last posted its quarterly earnings results on Wednesday, August 10th. The mining company reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business earned $212 million during the quarter, compared to analysts’ expectations of $198.91 million. On average, analysts anticipate that Silver Wheaton Corp. will post $0.69 earnings per share for the current fiscal year.

Other hedge funds have bought and sold shares of the company. Comerica Bank increased its stake 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. Nationwide Fund Advisors increased its stake 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. Bridgewater Associates LP increased its stake in Silver Wheaton Corp. by 13.1% in the fourth quarter. Bridgewater Associates LP now owns 612,392 shares of the mining company’s stock worth $7,606,000 after buying an additional 70,800 shares during the period. Trexquant Investment LP acquired a new stake in Silver Wheaton Corp. during the fourth quarter worth $1,125,000. Finally, Morgan Stanley increased its stake 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 worth $25,249,000 after buying an additional 182,197 shares during the period.

Silver Wheaton Corp. (Silver Wheaton) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. It has entered into over 19 long-term purchase agreements and approximately two early deposit long-term purchase agreement associated with silver and gold, relating to over 30 different mining assets, whereby Silver Wheaton acquires silver and gold production at various mines.

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