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8 Mining Stocks to Watch

2. Silver Wheaton (SLW - Get Report) is a mining company, which generates its revenue primarily from the sale of silver. The company operates in nine business segments: the silver produced by the San Dimas, Zinkgruvan, Yauliyacu, Penasquito, Cozamin, Barrick and Other mines, the gold produced by the Minto mine and corporate operations.

During the first quarter 2011, the company reported revenue of $158.2 million, up 84% from $85.9 million in the comparable quarter of last year. The company sold 4.9 million equivalent silver ounces at an average realized price of $32.24 per ounce compared to 5 million ounces at an average price of $17.20 per ounce in the first quarter of 2010.

At the end of March 2011, cash and cash equivalents stood at $564.1 million, up 31.6% from $428.6 million at the end of Dec. 2010. Also, cash generated from operating activities increased more than doubled year-over-year to $127.2 million from $57.6 million.

The company announced an inaugural quarterly cash dividend of 3 cents per common share (12 cents per common share, annually). The initial dividend of 3 cents was distributed on March 30, 2011.

Of the 13 analysts covering the stock, 85% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 73.8% upside to $52.47 in value from current levels.

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BRD $0.00 0.00%
PAL $0.05 -9.62%
HL $3.16 0.00%
RIC $3.01 0.00%
SLW $19.46 0.00%


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