Bank of New York Mellon Corp boosted its stake in Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) by 4.5% during the third quarter, Holdings Channel reports. The fund owned 8,447,726 shares of the mining company’s stock after buying an additional 361,901 shares during the period. Bank of New York Mellon Corp’s holdings in Silver Wheaton Corp. were worth $228,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. boosted its stake in shares of Silver Wheaton Corp. by 2.7% in the third quarter. Eqis Capital Management Inc. now owns 10,421 shares of the mining company’s stock valued at $282,000 after buying an additional 277 shares in the last quarter. Orinda Asset Management LLC boosted its stake in shares of Silver Wheaton Corp. by 7.1% in the third quarter. Orinda Asset Management LLC now owns 5,259 shares of the mining company’s stock valued at $142,000 after buying an additional 350 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of Silver Wheaton Corp. by 4.7% in the third quarter. Prospera Financial Services Inc now owns 9,002 shares of the mining company’s stock valued at $243,000 after buying an additional 402 shares in the last quarter. Berkeley Capital Partners LLC boosted its stake in shares of Silver Wheaton Corp. by 4.9% in the third quarter. Berkeley Capital Partners LLC now owns 10,646 shares of the mining company’s stock valued at $288,000 after buying an additional 494 shares in the last quarter. Finally, MSI Financial Services Inc boosted its stake in shares of Silver Wheaton Corp. by 4.9% in the third quarter. MSI Financial Services Inc now owns 15,115 shares of the mining company’s stock valued at $409,000 after buying an additional 702 shares in the last quarter. 49.50% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Silver Wheaton Corp. (NYSE:SLW)

Shares of Silver Wheaton Corp. (NYSE:SLW) opened at 18.23 on Thursday. The stock has a 50 day moving average of $22.06 and a 200-day moving average of $24.21. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 569.69 and a beta of 0.93. Silver Wheaton Corp. has a 52 week low of $10.04 and a 52 week high of $31.35.

Silver Wheaton Corp. (NYSE:SLW) last released its quarterly earnings data on Wednesday, November 9th. The mining company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The company earned $233 million during the quarter, compared to analyst estimates of $261.88 million. Silver Wheaton Corp. had a net margin of 1.80% and a return on equity of 5.34%. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. Equities research analysts expect that Silver Wheaton Corp. will post $0.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 23rd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Monday, November 21st. This is a positive change from Silver Wheaton Corp.’s previous quarterly dividend of $0.05. Silver Wheaton Corp.’s dividend payout ratio is currently 2,402.40%.

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Several analysts have recently issued reports on SLW shares. Deutsche Bank AG started 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. RBC Capital Markets reissued an “outperform” rating on shares of Silver Wheaton Corp. in a research note on Thursday, August 4th. National Bank Financial cut shares of Silver Wheaton Corp. from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $43.00 to $37.00 in a research note on Thursday, October 13th. Goldman Sachs Group Inc. boosted their price objective on shares of Silver Wheaton Corp. from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Scotiabank raised shares of Silver Wheaton Corp. from a “sector perform” rating to an “outperform” rating in a research note on Saturday, November 19th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $31.00.

Silver Wheaton Corp. Company Profile

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.

5 Day Chart for NYSE:SLW

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