The Natixis Asset Management Boosts Position in Silver Wheaton Corp (SLW)

The Natixis Asset Management Boosts Position in Silver Wheaton Corp (SLW)

Natixis Asset Management boosted its position in shares of Silver Wheaton Corp (NYSE:SLW) (TSE:SLW) by 30.1% during the third quarter, Holdings Channel reports. The firm owned 21,603 shares of the mining company’s stock after buying an additional 5,000 shares during the period. Natixis Asset Management’s holdings in Silver Wheaton Corp were worth $583,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SLW. CI Global Investments Inc. purchased a new stake in Silver Wheaton Corp during the second quarter worth about $41,178,000. Sprott Inc. increased its stake 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 valued at $34,163,000 after buying an additional 593,216 shares during the last quarter. Global X Management Co. LLC increased its stake 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 valued at $42,149,000 after buying an additional 445,277 shares during the last quarter. Montrusco Bolton Investments Inc. increased its stake in shares of Silver Wheaton Corp by 1,142.3% in the third quarter. Montrusco Bolton Investments Inc. now owns 256,885 shares of the mining company’s stock valued at $6,927,000 after buying an additional 236,206 shares during the last quarter. Finally, KCG Holdings Inc. increased its stake 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 valued at $1,738,000 after buying an additional 45,481 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Silver Wheaton Corp (NYSE:SLW) traded down 0.82% during mid-day trading on Wednesday, reaching $20.61. The company’s stock had a trading volume of 4,823,320 shares. The company has a 50 day moving average price of $19.03 and a 200 day moving average price of $23.89. The stock has a market capitalization of $9.09 billion, a P/E ratio of 644.06 and a beta of 0.80. Silver Wheaton Corp has a 12 month low of $10.04 and a 12 month high of $31.35.

Silver Wheaton Corp (NYSE:SLW) last posted its earnings results on Wednesday, November 9th. The mining company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The business had revenue of $233 million for the quarter, compared to analyst estimates of $261.88 million. Silver Wheaton Corp had a return on equity of 5.34% and a net margin of 1.80%. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. On average, equities research analysts anticipate that Silver Wheaton Corp will post $0.61 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Scotiabank raised Silver Wheaton Corp from a “sector perform” rating to an “outperform” rating in a research report on Saturday, November 19th. National Bank Financial raised Silver Wheaton Corp from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 16th. Standpoint Research raised Silver Wheaton Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, RBC Capital Markets reaffirmed an “outperform” rating on shares of Silver Wheaton Corp in a research report on Sunday, October 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus 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.

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