Silver Wheaton Corp. (USA) (SLW) : Bowen Hanes Co Inc scooped up 210,870 additional shares in Silver Wheaton Corp. (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,227,620 shares of Silver Wheaton Corp. (USA) which is valued at $37,405,581.Silver Wheaton Corp. (USA) makes up approximately 1.95% of Bowen Hanes Co Inc’s portfolio.
Other Hedge Funds, Including , Clinton Group Inc sold out all of its stake in SLW during the most recent quarter. The investment firm sold 64,273 shares of SLW which is valued $1,958,398.K2 Principal Fund reduced its stake in SLW by selling 421,500 shares or 97.12% in the most recent quarter. The Hedge Fund company now holds 12,500 shares of SLW which is valued at $380,875. Silver Wheaton Corp. (USA) makes up approx 0.09% of K2 Principal Fund’s portfolio.Mad River Investors reduced its stake in SLW by selling 18,625 shares or 7.04% in the most recent quarter. The Hedge Fund company now holds 246,050 shares of SLW which is valued at $6,857,414. Silver Wheaton Corp. (USA) makes up approx 8.10% of Mad River Investors’s portfolio.
Silver Wheaton Corp. (USA) opened for trading at $26.25 and hit $27.11 on the upside on Monday, eventually ending the session at $26.82, with a gain of 0.98% or 0.26 points. The heightened volatility saw the trading volume jump to 46,44,946 shares. Company has a market cap of $11,807 M.
On the company’s financial health, Silver Wheaton Corp. (USA) reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.13. The company had revenue of $212.00 million for the quarter, compared to analysts expectations of $200.73 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Silver Wheaton Corp. (USA). Silver Wheaton Corp. (USA) was Downgraded by Standpoint Research to ” Hold” on Jul 11, 2016. Silver Wheaton Corp. (USA) was Upgraded by Credit Suisse to ” Outperform” on Jun 30, 2016.
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. As of December 31 2014 gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu Lagunas Norte and Pierina in Peru; 777 Canada; Salobo Brazil; Sudbury and Minto in Canada; Veladero Argentina; Zinkgruvan Sweden and Neves-Corvo and Aljustrel in Portugal.