Advisory Services Network LLC Has $682,000 Position in Silver Wheaton Corp. (SLW)
Advisory Services Network LLC increased its position in shares of Silver Wheaton Corp. (NYSE:SLW) by 108.5% during the second quarter, Holdings Channel reports. The institutional investor owned 28,975 shares of the mining company’s stock after buying an additional 15,077 shares during the period. Advisory Services Network LLC’s holdings in Silver Wheaton Corp. were worth $682,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of SLW. Carmignac Gestion increased its position in Silver Wheaton Corp. by 81.7% in the second quarter. Carmignac Gestion now owns 11,220,799 shares of the mining company’s stock worth $264,025,000 after buying an additional 5,046,101 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in Silver Wheaton Corp. during the second quarter worth approximately $1,871,000. Guild Investment Management Inc. bought a new position in Silver Wheaton Corp. during the second quarter worth approximately $1,351,000. American Century Companies Inc. increased its position in Silver Wheaton Corp. by 31.6% in the second quarter. American Century Companies Inc. now owns 1,322,060 shares of the mining company’s stock worth $31,108,000 after buying an additional 317,224 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in Silver Wheaton Corp. during the second quarter worth approximately $202,000. 50.86% of the stock is owned by institutional investors.
Silver Wheaton Corp. (NYSE:SLW) traded down 10.32% during trading on Tuesday, reaching $23.56. The company’s stock had a trading volume of 10,761,309 shares. The stock’s 50-day moving average is $27.69 and its 200 day moving average is $23.07. Silver Wheaton Corp. has a 52-week low of $10.04 and a 52-week high of $31.35. The firm’s market capitalization is $10.37 billion.
Silver Wheaton Corp. (NYSE:SLW) last announced its quarterly earnings data on Wednesday, August 10th. The mining company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The firm earned $212 million during the quarter, compared to the consensus estimate of $198.91 million. Silver Wheaton Corp. had a positive return on equity of 4.77% and a negative net margin of 21.75%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. On average, analysts predict that Silver Wheaton Corp. will post $0.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 24th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.85%. The ex-dividend date was Monday, August 22nd. Silver Wheaton Corp.’s dividend payout ratio is currently -47.62%.
A number of research analysts have recently commented on the stock. RBC Capital Markets reaffirmed an “outperform” rating on shares of Silver Wheaton Corp. in a research note on Sunday. Deutsche Bank AG began coverage on shares of Silver Wheaton Corp. in a research note on Friday, September 9th. They set a “buy” rating and a $37.00 price objective for the company. Zacks Investment Research cut Silver Wheaton Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $23.00 target price (up previously from $22.00) on shares of Silver Wheaton Corp. in a report on Monday, August 15th. Finally, TD Securities reiterated a “buy” rating and set a $36.00 target price (up previously from $34.00) on shares of Silver Wheaton Corp. in a report on Saturday, August 13th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.15.
About Silver Wheaton Corp.
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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