Mad River Investors Has $6,572,000 Position in Silver Wheaton Corp (SLW)

Mad River Investors Has $6,572,000 Position in Silver Wheaton Corp (SLW)

Mad River Investors reduced its stake in shares of Silver Wheaton Corp (NYSE:SLW) (TSE:SLW) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 243,150 shares of the mining company’s stock after selling 2,900 shares during the period. Silver Wheaton Corp comprises 8.3% of Mad River Investors’ holdings, making the stock its 4th largest position. Mad River Investors owned approximately 0.06% of Silver Wheaton Corp worth $6,572,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in shares of Silver Wheaton Corp by 9.3% in the second quarter. US Bancorp DE now owns 13,236 shares of the mining company’s stock valued at $312,000 after buying an additional 1,122 shares during the last quarter. U S Global Investors Inc. boosted its stake in shares of Silver Wheaton Corp by 5,318.9% in the second quarter. U S Global Investors Inc. now owns 200,500 shares of the mining company’s stock valued at $4,720,000 after buying an additional 196,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Silver Wheaton Corp by 20.3% in the second quarter. Vanguard Group Inc. now owns 8,992,999 shares of the mining company’s stock valued at $211,606,000 after buying an additional 1,518,741 shares during the last quarter. Global X Management Co. LLC boosted 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. Finally, Scout Investments Inc. acquired a new stake in shares of Silver Wheaton Corp during the second quarter valued at $21,449,000. 49.49% of the stock is owned by institutional investors.

Silver Wheaton Corp (NYSE:SLW) opened at 22.21 on Friday. The firm’s 50-day moving average is $20.13 and its 200-day moving average is $23.56. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 694.06 and a beta of 0.69. Silver Wheaton Corp has a 52 week low of $13.50 and a 52 week high of $31.35.

Silver Wheaton Corp (NYSE:SLW) last posted its quarterly earnings data 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. Silver Wheaton Corp had a net margin of 1.80% and a return on equity of 5.34%. The business earned $233 million during the quarter, compared to analysts’ expectations of $261.88 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. On average, equities analysts anticipate that Silver Wheaton Corp will post $0.61 earnings per share for the current year.

Several equities research analysts have recently weighed in on SLW shares. Scotiabank raised shares of Silver Wheaton Corp from a “sector perform” rating to an “outperform” rating in a research report on Saturday, November 19th. National Bank Financial cut shares of Silver Wheaton Corp from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $43.00 to $37.00 in a research report on Thursday, October 13th. Finally, Standpoint Research upgraded shares of Silver Wheaton Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Silver Wheaton Corp has a consensus rating of “Buy” and a consensus price target 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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