World Asset Management Inc increased its stake in shares of Silver Wheaton Corp. (NYSE:SLW) (TSE:SLW) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,405 shares of the mining company’s stock after buying an additional 824 shares during the period. World Asset Management Inc’s holdings in Silver Wheaton Corp. were worth $571,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased 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 valued at $117,791,000 after buying an additional 995,100 shares during the last quarter. Comerica Bank increased its position in shares of Silver Wheaton Corp. by 4.3% in the fourth quarter. Comerica Bank now owns 137,377 shares of the mining company’s stock valued at $2,812,000 after buying an additional 5,622 shares during the last quarter. Credit Agricole S A increased its position in shares of Silver Wheaton Corp. by 72.8% in the fourth quarter. Credit Agricole S A now owns 618,585 shares of the mining company’s stock valued at $11,951,000 after buying an additional 260,559 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Silver Wheaton Corp. by 1.1% in the third quarter. CIBC World Markets Inc. now owns 5,838,729 shares of the mining company’s stock valued at $157,821,000 after buying an additional 60,865 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its position in shares of Silver Wheaton Corp. by 30.6% in the third quarter. AMP Capital Investors Ltd now owns 159,840 shares of the mining company’s stock valued at $4,422,000 after buying an additional 37,409 shares during the last quarter. 49.16% of the stock is owned by institutional investors and hedge funds.

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

Shares of Silver Wheaton Corp. (NYSE:SLW) remained flat at $20.91 during midday trading on Friday. The stock’s 50-day moving average price is $20.62 and its 200 day moving average price is $20.38. Silver Wheaton Corp. has a 1-year low of $16.94 and a 1-year high of $31.35.

Silver Wheaton Corp. (NYSE:SLW) last issued its quarterly earnings results on Tuesday, May 9th. The mining company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $197.95 million during the quarter, compared to analyst estimates of $217.84 million. Silver Wheaton Corp. had a return on equity of 5.34% and a net margin of 1.80%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Equities research analysts expect that Silver Wheaton Corp. will post $0.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 25th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, May 23rd. Silver Wheaton Corp.’s payout ratio is currently 2,402.40%.

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Several equities analysts recently commented on SLW shares. Goldman Sachs Group Inc downgraded shares of Silver Wheaton Corp. from a “buy” rating to a “neutral” rating and increased their price objective for the company from $22.82 to $25.00 in a research note on Wednesday, February 8th. Deutsche Bank AG raised their price target on shares of Silver Wheaton Corp. from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $28.00 price target on shares of Silver Wheaton Corp. in a research note on Tuesday, March 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $25.00 price target on shares of Silver Wheaton Corp. in a research note on Friday, March 31st. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $22.00 price target (up previously from $21.87) on shares of Silver Wheaton Corp. in a research note on Thursday, April 13th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Silver Wheaton Corp. presently has an average rating of “Buy” and an average price target of $27.50.

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. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.

12 Month Chart for NYSE:SLW

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