FIL Ltd lowered its position in Silver Wheaton Corp (NYSE:SLW) (TSE:SLW) by 42.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,060,469 shares of the mining company’s stock after selling 785,116 shares during the period. FIL Ltd’s holdings in Silver Wheaton Corp were worth $20,488,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. CI Global Investments Inc. acquired a new position in shares of Silver Wheaton Corp during the second quarter worth about $41,178,000. Sprott Inc. raised its position in shares of Silver Wheaton Corp by 88.4% in the third quarter. Sprott Inc. now owns 1,263,903 shares of the mining company’s stock worth $34,163,000 after buying an additional 593,216 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Silver Wheaton Corp by 39.4% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,520,975 shares of the mining company’s stock worth $117,791,000 after buying an additional 995,100 shares during the period. KCG Holdings Inc. raised its position in shares of Silver Wheaton Corp by 241.7% in the third quarter. KCG Holdings Inc. now owns 64,297 shares of the mining company’s stock worth $1,738,000 after buying an additional 45,481 shares during the period. Finally, Global X Management Co. LLC raised its position in shares of Silver Wheaton Corp by 33.1% in the second quarter. Global X Management Co. LLC now owns 1,791,286 shares of the mining company’s stock worth $42,149,000 after buying an additional 445,277 shares during the period. Institutional investors and hedge funds own 49.16% of the company’s stock.

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

Silver Wheaton Corp (NYSE:SLW) traded down 1.132% during trading on Friday, reaching $21.573. 2,022,183 shares of the company were exchanged. Silver Wheaton Corp has a 52-week low of $14.98 and a 52-week high of $31.35. The stock has a market capitalization of $9.52 billion, a PE ratio of 674.156 and a beta of 0.69. The firm’s 50 day moving average is $21.30 and its 200 day moving average is $23.30.

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A number of equities analysts have recently issued reports on SLW shares. Scotiabank upgraded shares of Silver Wheaton Corp from a “sector perform” rating to an “outperform” rating in a research report on Saturday, November 19th. Goldman Sachs Group, Inc. (The) lowered shares of Silver Wheaton Corp from a “buy” rating to a “neutral” rating and raised their target price for the stock from $22.82 to $25.00 in a research report on Wednesday, February 8th. Standpoint Research upgraded shares of Silver Wheaton Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, National Bank Financial upgraded shares of Silver Wheaton Corp from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 16th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.50.

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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